<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Family flyer:
Given how people here will seemingly do anything for miles (see this credit card thread: http://www.flyertalk.com/forum/Forum.../004580.html), I was surprised at how few of us switch credit card allegiances multiple times.
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Applying and opening/closing credit card accounts reflects poorly on your credit report. Anytime a lender CHECKS your credit, this can have a negative effect. I've been turned down for credit because of this.