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Change Credit Card Without Affecting Credit?
Posted on 7/19/22 at 5:16 pm
Posted on 7/19/22 at 5:16 pm
I have a credit card that I got when I turned 18 to help build my credit. Low limit, no rewards. I’ve had this card for nearly 18 years now and it’s by far my oldest credit line. Because of this I don’t want to cancel it but I also want more out of it. Is there a way I can change this card to a different card but keep the credit file attached to it? Sucks having to remember to make a random purchase once a year to keep it active.
10
Posted on 7/19/22 at 5:31 pm to GAFF
Call the bank and ask if you can upgrade it... the answer is a HUGE maybe.
Posted on 7/19/22 at 6:00 pm to GAFF
Just get rid of it lol
Posted on 7/19/22 at 6:51 pm to Strannix
Keep it uprn and just open another one.
You may get a small credit hit from opening one initially but it will level out over time.
You may get a small credit hit from opening one initially but it will level out over time.
Posted on 7/19/22 at 6:59 pm to tigersint
quote:
Keep it uprn and just open another one.
I’ve opened a different account with a better card since. Would just like to be able to make this card be worth using. It’s more of a inconvenience right now.
Posted on 7/19/22 at 7:04 pm to GAFF
Put a recurring charge on it and throw it in the sock drawer. Surely there is something you can put on Auto-pay. Utility bill, phone, gym, etc.
Posted on 7/19/22 at 7:40 pm to GAFF
What bank? If it’s with a larger bank, Chase, Cap One… you should be able to chat w someone in the chat feature. Tell them you have an account and want to upgrade without losing your history w then. If they have a card w better rewards, you’ll be willing to use them more…
Posted on 7/20/22 at 11:41 am to GAFF
Like mentioned above, set a small recurring purchase on it and throw it in the sock drawer is the simple answer, which it sounds like what you're looking for. Cancelling it is a very bad idea.
Alternatively, you can upgrade it depending on the bank, but if you just applied to the new card they'd upgrade you to instead of upgrade it you'd likely get a sign up bonus.
Alternatively, you can upgrade it depending on the bank, but if you just applied to the new card they'd upgrade you to instead of upgrade it you'd likely get a sign up bonus.
Posted on 7/20/22 at 11:52 am to TheChiefHasArrived
quote:
Cancelling it is a very bad idea.
Please inform me how maintaining an essentially inactive credit card is going to affect my credit rating.
Posted on 7/20/22 at 11:57 am to SurfOrYak
quote:
Please inform me how maintaining an essentially inactive credit card is going to affect my credit rating.
average age of credit lines
Posted on 7/20/22 at 12:18 pm to GAFF
Dude you worried about your credit going down if you cancel this card? Come on bro theres more important things to worry about than that. Yall too hung up on your credit.
Posted on 7/20/22 at 12:51 pm to HeadyMurphey
quote:quote:
Please inform me how maintaining an essentially inactive credit card is going to affect my credit rating.
average age of credit lines
And canceling an old card would decrease your utilization rate as it lowers the denominator.
Posted on 7/21/22 at 12:03 pm to SurfOrYak
quote:
Please inform me how maintaining an essentially inactive credit card is going to affect my credit rating.
Credit utilization and average age of credit lines combined make up almost half of your credit score. Canceling your card decreases both. If you want to go out of your way to negatively affect your credit instead of just doing absolutely nothing and positively affect your credit, have at it. There is 0 reason to cancel a credit card with no annual fee, ever.
Posted on 7/21/22 at 3:39 pm to GAFF
I'm always amazed about how people obsess over every little blip of their credit rating.
If your credit is good, this won't matter.
If your credit is bad, this won't matter.
Cancel it and move on with your life.
If your credit is good, this won't matter.
If your credit is bad, this won't matter.
Cancel it and move on with your life.
Posted on 7/21/22 at 4:19 pm to GAFF
I know Chase for sure has it and maybe others but, if you go to the free credit score section on your account website or app they have a simulator that will show you how your score change if you dropped the oldest card, missed a payment, etc
Posted on 7/21/22 at 4:20 pm to Bjorn Cyborg
quote:
'm always amazed about how people obsess over every little blip of their credit rating.
Exactly way too many people obsess over the littelest blip.
Posted on 7/21/22 at 10:29 pm to GAFF
I’ve had a Cap One Quicksilver for years now. They emailed me today with an offer to change to any of their other cards (Venture X, etc.) without a credit pull.
If your CC company has other cards, I’m sure they would work with you if you reach out.
If your CC company has other cards, I’m sure they would work with you if you reach out.
Posted on 7/21/22 at 11:38 pm to GAFF
You can usually change the bank branded cards and keep the same account. I did this with first credit card a few years ago. It was a BoA card.
Posted on 7/22/22 at 1:08 am to GAFF
If you worry about your credit score because you closed an 18 year old card, you you got bigger problems. Make some cash and frick a credit score
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