Quote:
Originally Posted by Flying Ace
Likely, I wouldn't cancel overall credit, just replace it. Try opening up a Freedom or Sapphire civic card with no AF but same credit limit before cancelling Preferred.
You just need another card with UR to retain your points, and I assume you're canceling Reserve after year 1?
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Nah, I would keep UR and use that as my primary. I've never cancelled a card before. I just keep it in store and use only when I need it or see incentive in using it (specific airlines or hotel chains).
Would getting the UR & downgrading my ZCP SP to a no fee cc be advisable (assuming I transfer all my appoints appropriately)?
Lastly, why would one cancel after just one year? Wouldn't that give you derogatory mark on your credit report?