Not exact matches
Also,
keep your oldest credit
card open since the length of your
opened accounts is an important part of building a foundation for your credit score.
Your old credit
card company may be less apt to negotiate,
since you're moving your debt elsewhere, but if you intend to
keep your account
open and have a good history with the company, you may be successful in obtaining a lower fee.
3) Although we haven't paid any interest on our credit
cards since we became debt free in 2006, we've
kept one of our credit
card accounts
open and occasionally purchase an item with it (paying it off within a few days).
Since the Citi Diamond Preferred
card carries no annual fee, there is no cost to
keeping it
open.
If the
card you're downgrading is one of your oldest credit
cards, best to
keep it
open and not close it,
since average age of accounts is an important part of your credit score
Since FICO says a good score is more dependent on always paying bills on time,
keeping credit
card balances low and
opening new loan accounts only when necessary, there is little reason for most borrowers to actively seek out a mix of credit.
Since the Citi Diamond Preferred
card carries no annual fee, there is no cost to
keeping it
open.
Since this
card has no annual fee, you can
keep your Membership Rewards points active forever simply by
keeping this
card open.
Also,
keep your oldest credit
card open since the length of your
opened accounts is an important part of building a foundation for your credit score.
These dates will be important so that you can
keep track of when you'll need to meet your minimum spend and also for later reference when you're trying to count how long it's been
since you've
opened up a
card.
MBNA / Bank of America University of Pittsburgh No Annual Fee
Card:
Keep since I've had the account
open for almost 10 years.
That's part of the reason I
keep both the personal and business versions of the Starwood Preferred Guest Amex in my wallet
since each of them gets me 2 stays or 5 nights closer to requalifying for elite status each year, and if you've been considering them, from now until September 3, 2013, the sign - up bonus has been raised to 30,000 points when you spend $ 5,000 within 6 months of account
opening — which is 20 % higher than the usual bonus on this
card.
Will be looking forward,
since I can't get squared away with some of the stuff under point # 3: If we hit the $ 10K spend before the Citi - to - Amex changeover date, but before the weekend hotel certificate has shown up in our Hilton account, do we have to
keep the
card open (which in my case means paying $ 95 for a
card I don't especially want and foregoing any future bonus should it turn out that I decide I want it).
I have a Citi AAdvantage
card that I never use, but I
keep it
open for the benefits
since DFW is an AA hub and we fly them often.
But when you're deciding whether you want to
keep a
card open, the bonus does not matter
since you will have already earned it.