advice on closing card
May 30, 2021 | 2:12 pm
#1
Original Poster
Join Date: Jul 2016
Programs: Chase, United
Posts: 432
advice on closing card
I occasionally add a card for its reward and other benefits. I now have some cards I don't use. Under what conditions should I close an account? Or, can you refer me to the best place for advice on this? thanks in advance,
May 30, 2021 | 2:40 pm
#2
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,807
Check the terms of any current promotions for new cards you want to cancel.
It will give you the idea whether you should close the card or not.
It will give you the idea whether you should close the card or not.
May 30, 2021 | 3:37 pm
#3
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
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May 30, 2021 | 3:57 pm
#4
Original Poster
Join Date: Jul 2016
Programs: Chase, United
Posts: 432
Thanks, some do, some don't.
In one case, my wife has the top version of the chase sapphire, and I have my own card on her account. But I also have the second-to-top chase sapphire card independently -- that one is just charging me, I think $95, and I'm not using it -- I think I got it just for the sign up bonus, and don't really need any of its features.
Another case is an old capitalone I don't use, but it doesn't have fees.
In one case, my wife has the top version of the chase sapphire, and I have my own card on her account. But I also have the second-to-top chase sapphire card independently -- that one is just charging me, I think $95, and I'm not using it -- I think I got it just for the sign up bonus, and don't really need any of its features.
Another case is an old capitalone I don't use, but it doesn't have fees.
May 30, 2021 | 4:00 pm
#5
Moderator: Budget Travel forum & Credit Card Programs, FlyerTalk Evangelist
Join Date: Aug 2002
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May 30, 2021 | 5:23 pm
#6
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
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Posts: 51,877
You can downgrade Sapphire Preferred to Freedom Flex or Freedom Unlimited, See here: Chase Product Change/Card Conversion: Downgrade, Upgrade, Keep or Cancel? 2020
I would not cancel a free card unless the credit limit is preventing you from being approved for a different card from the same issuer.
I would not cancel a free card unless the credit limit is preventing you from being approved for a different card from the same issuer.