Originally Posted by
mileageking
I would caution those applying for multiple credit cards for just racking up points, as it does impact your overall credit score. Always good to think about long term impact.
In Canada, I'm not sure exactly how the bureaus work, but I also don't really care about my credit (I'm not going to default on a loan, but I have no issues with opening a CC).
In the US, it results in a slight decrease to your average age of credit, and a hard inquiry on one of the three bureaus. Definitely an impact, but not a significant one. The average age will be rectified when I cancel it, and the hard inquiry, on my profile, costs me 2 points, until it falls off in two years.
So there is no "long term" impact, just a negligible short-term impact.
Edit: Capital One pulled at least TransUnion and Equifax, possibly Experian as well, so I stand corrected on "one of the three".
Originally Posted by
ride red
Can YQ be removed retroactively for someone who makes E25K but already has an existing North American Aeroplan booking?
Cancellations are free right now, so if space is still there, just cancel and rebook.