FlyerTalk Forums - View Single Post - Which Cards to Keep/Downgrade/Cancel?
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Old Oct 2, 2014 | 12:11 am
  #7  
biggestbopper
In memoriam
 
Join Date: Jan 2006
Posts: 4,020
Be very, very careful about canceling Chase cards that earn Ultimate Rewards Points (Sapphiire and INK) because, unless you transfer the points associated with each account BEFORE closing the account you will lose all those points.

You can transfer points from a card you are closing to another Chase UR earning card that remains open to preserve them. Or, transfer them to airline miles, etc.

As to the which cards to cancel, my personal view is it is just about always a mistake to pay an annual fee. So, when a fee shows up, card is cancelled. Exception, very attractive retention offers--not many are attractive enough to offset the fee.

I'd rather close accounts churn cards to get additional bonuses.
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