Originally Posted by zer0k1

I don't see any reason to cancel the card with all the credit. If you move it over to a different card before cancelling then you kind of guarantee approval for your next application. To keep it less awkward I am keeping 1 non-Alaska MBNA card open (MBNA Rewards card). That is where I will "store" my unneeded credit. On my next application, if I am not approved I will have them move over $500 from that card to a new Alaska card.

When it comes time to close an Alaska card I will ask them to move the credit back over to the Rewards card.