Chase Sapphire - canceling a credit card(Posted by jammintiger on 1/8/13 at 12:22 pm)
I have seen some people on this board recommend Chase Sapphire for travel rewards. They offer 40k points if you spend 3k in the first few months etc., but there is a ninety dollar ($90)yearly fee. The fee is waived for the first year. I have heard that canceling a credit card can negatively impact your credit score. So if I apply for the card, get and use my travel points, and then cancel before the end of one (1) year, will my credit score take a big hit, or does canceling a credit card only hurt your score when you have had the credit card for a long time?