FlyerTalk Forums - View Single Post - Adding new cards/cancelling- credit rating?
Old Aug 13, 2006 | 10:43 pm
  #12  
dgordon
 
Join Date: Apr 1999
Location: Oak Park, IL
Programs: AA 2 MM LIfetime Platinum, SPG Platinum, Hilton Silver, BA
Posts: 3,585
It would seem that a good strategy if you no longer wanted a card with a fee is to convert it to a product that doesn't have a fee. That way you have unused available credit, history on that credit card, which can help your score. Then put it in a drawer and don't use - it might even have a balance transfer offer that might come in handy.
Somebody, please point out if my reasoning has some flaws.
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