- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Credit card/credit score question
Posted on 1/12/17 at 7:30 pm
Posted on 1/12/17 at 7:30 pm
I got a chase unlimited CC for business purchases (it gets 1.5% back), I've used it for about 2 months, it gets paid off every month.
About a week ago I bought plane tickets for a vacation and got an American express delta card (there was some promotional offer).
Now, I think I'd like to use the American express delta card for business purchases to accumulate miles.
when I say business purchases I mean like food and the occasional license, maybe 2-3 hundred a month.
as far as my credit score goes, If I cancel the chase card after having it only a few months, will it decrease my score?
I don't want extra credit cards. Me and the wife have played the CC debt game, we're out now and don't even want the possibility of going back.
I don't actually need credit, I just want some of the rewards. The wife and I already don't buy anything we don't already have the money for.
About a week ago I bought plane tickets for a vacation and got an American express delta card (there was some promotional offer).
Now, I think I'd like to use the American express delta card for business purchases to accumulate miles.
when I say business purchases I mean like food and the occasional license, maybe 2-3 hundred a month.
as far as my credit score goes, If I cancel the chase card after having it only a few months, will it decrease my score?
I don't want extra credit cards. Me and the wife have played the CC debt game, we're out now and don't even want the possibility of going back.
I don't actually need credit, I just want some of the rewards. The wife and I already don't buy anything we don't already have the money for.
3
Posted on 1/12/17 at 8:07 pm to white perch
There is a 430 page thread on this topic on the first page haha.
This post was edited on 1/12/17 at 8:09 pm
Posted on 1/12/17 at 8:27 pm to The Tom Arnold
quote:
430 page thread
ain't nobody got time for that
Posted on 1/12/17 at 8:46 pm to white perch
I would lean toward not closing the account. If the card has no annual fee I would probably just leave it open. Especially if the credit line available on the unused card comprises a significant portion of your total available credit limit. Closing it while continuing to spend the same will raise your credit used to credit available ratio, which will lower your credit score.
If you feel like you can't control yourself with the card then maybe just cut the card up but leave the account open and dormant.
If you feel like you can't control yourself with the card then maybe just cut the card up but leave the account open and dormant.
This post was edited on 1/12/17 at 8:49 pm
Posted on 1/12/17 at 9:09 pm to white perch
quote:
Now, I think I'd like to use the American express delta card for business purchases to accumulate miles.
when I say business purchases I mean like food and the occasional license, maybe 2-3 hundred a month
Bad idea. The cheapest Delta card is $95 a year annual fee. You are earning 3600 points a year ($300 X 12). Delta points are "worth"(this is an arbitrary value gained from the points it takes to redeem for flights on average based on the award chart/ticket price) maybe 1.6 cents per point. 3600 X .016 = $57.6 in Delta points a year. $95 - $57.6 = $37.40.
Congrats, you just lost money. Stick with Freedom.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News