"Sky Pesos" comparison sob story
Jul 15, 2013, 11:32 am
#31
FlyerTalk Evangelist
Join Date: Sep 2005
Location: MN
Programs: Lots of programs, dirt on all of them!
Posts: 11,938
Generally I don't recommend DL for those who are not knowledgeable enough about doing their own homework. UA's award booking engine on their website is "award booking for dummies." So I often suggest that, even though with a little effort, those in DL hubs can often find better connections. But those on FT who b!tch all the time about DL are not usually those who earn little. In fact, one b!tcher on this thread is "DL GM 2MM". No excuse for that
Jul 15, 2013, 1:20 pm
#32
Suspended
Join Date: Aug 2005
Location: BOS
Posts: 15,027
The only reason to apply for a DL branded AMEX card is to get the sign up bonus and liquidate the points. When done, cancel the card before the annual fee is due and toss it aside.
Jul 15, 2013, 1:22 pm
#33
FlyerTalk Evangelist
Join Date: Jun 2008
Programs: Formaldehyde Medallion DL DieMiles
Posts: 12,646
Jul 15, 2013, 1:35 pm
#35
Join Date: May 2006
Location: GA
Programs: VA-PLT, QF-GLD, DL-GM, UA-ex1K, AA-exPLT, HH-DM, IHG-PLT, MR-GLD
Posts: 8,245
False and misleading information.
I have cancelled numerous cards this way and my credit score has done nothing but go up over the past 5 years. (from ~740 to over 800 now)
The only way you are correct is if you have very few lines of credit and a reasonable amount of debt (cancelling one credit card significantly affects your debt/credit ratio). Very few people would be in this scenario. And if you are in this scenario, and really need your credit score at it's max possible, open up more CC (without annual fees). Problem solved.
Worst case is you lose 1-2 points and have an easy way to resolve the issue (open up additional credit lines). Most likely case is zero effect.
I have cancelled numerous cards this way and my credit score has done nothing but go up over the past 5 years. (from ~740 to over 800 now)
The only way you are correct is if you have very few lines of credit and a reasonable amount of debt (cancelling one credit card significantly affects your debt/credit ratio). Very few people would be in this scenario. And if you are in this scenario, and really need your credit score at it's max possible, open up more CC (without annual fees). Problem solved.
Worst case is you lose 1-2 points and have an easy way to resolve the issue (open up additional credit lines). Most likely case is zero effect.