Author Topic: When to close an account?  (Read 1485 times)

Offline tll

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jul 2011
  • Posts: 208
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
When to close an account?
« on: August 15, 2011, 11:01:24 AM »
I have some cards that still do not have annual fees on them or they extended the no fee for another year.
I would keep them open except that I want to open the same card again to try for the bonus miles again.
ex. the aa cards I have are one year old. If I cancel today and apply for a new one will I get the new bonus miles.
I have old AMEX gold too(Around 6 months old) I want to apply again.
Will I hurt my credit report by closing such new cards and opening more?

Thank you

Offline tll

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jul 2011
  • Posts: 208
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: When to close an account?
« Reply #1 on: August 15, 2011, 03:50:50 PM »
Should I close my old cards and apply for new ones or will this hurt my credit?

Offline tll

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jul 2011
  • Posts: 208
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
How soon can I reapply for the same card I had?
« Reply #2 on: August 15, 2011, 09:31:29 PM »
If I had AA cards a year ago, can I close them now and apply for new ones.
What about amex gold and premier? how soon can I close and reapply for new ones.
I don't want to hurt my credit by closing too soon.

Thank you

Offline elikay

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2010
  • Posts: 5435
  • Total likes: 38
  • DansDeals.com Hat Tips 2
    • View Profile
Re: How soon can I reapply for the same card I had?
« Reply #3 on: August 15, 2011, 09:42:36 PM »
Someone else JUST asked the same question, you don't even need to search! just browse a little!

Offline tll

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jul 2011
  • Posts: 208
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: How soon can I reapply for the same card I had?
« Reply #4 on: August 15, 2011, 09:54:44 PM »
I asked the question in different words and did not get a response, so I tried asking it a different way.
Someone else about reapplying for cards(rejection/approval etc).
My main point is should I close these accounts that are not too old or will that hurt my credit report.