Community
Wiki Posts
Search

When do you cancel a card?

Thread Tools
 
Search this Thread
 
Old Feb 16, 2007 | 6:05 pm
  #1  
Original Poster
10 Countries Visited20 Countries Visited30 Countries Visited20 Years on Site
 
Join Date: Mar 2000
Posts: 5,658
When do you cancel a card?

In 2007 or recently: If one or more of pour existing cards starts having an annual fee-especially $75 or more, plus : #2: you have many other cards; plus #3 it has vey low credit line compared to your other cards or need: do you think about canceling such or have you actually canceled them? Did it effect your credit score or anything significantly?

Last edited by best; Feb 18, 2007 at 10:07 am
best is offline  
Old Feb 17, 2007 | 9:50 am
  #2  
All eyes on you!
20 Years on Site
 
Join Date: Dec 2004
Posts: 8,224
Usually you can convert the account to a no-fee account. Then your credit score should remain unchanged.
rrgg is offline  
Old Feb 17, 2007 | 1:53 pm
  #3  
Suspended
 
Join Date: Jan 2006
Location: Alabama / Georgia
Programs: DL, HHonors, AA, US, Aloha Pass, BA, CO, HawaiianMiles, Chairman, Centurion, AXP, MR, MHC Gold
Posts: 3,467
Spell it out for me. Account Card Type (ie.. aadvantage, continental, DL Skymiles, etc...) Date Opened, Credit Limit, Bank, etc...
drbond is offline  
Old Feb 17, 2007 | 4:26 pm
  #4  
Suspended
 
Join Date: Jan 2006
Location: Alabama / Georgia
Programs: DL, HHonors, AA, US, Aloha Pass, BA, CO, HawaiianMiles, Chairman, Centurion, AXP, MR, MHC Gold
Posts: 3,467
When they
drbond is offline  
Old Feb 18, 2007 | 10:08 am
  #5  
Original Poster
10 Countries Visited20 Countries Visited30 Countries Visited20 Years on Site
 
Join Date: Mar 2000
Posts: 5,658
That is a good alternative.

Originally Posted by rrgg
Usually you can convert the account to a no-fee account. Then your credit score should remain unchanged.
best is offline  


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.