topic Re: How long should I wait after canceling a credit card before getting another one in General Credit Topics

How long should I wait after canceling a credit card before getting another one

qwerty11 — Sat, 27 Oct 2012 02:12:40 GMT

I don't know how the credit system works so maybe somebody can help. I am wanting to cancel my credit card that doesn't have any good beneftis (zero ballance) and get one that does that I like. I was wondering if there is a certain amount of time I should wait after canceling the card before I apply for the other one. Didn't know if those changes are reflected in credit report instetaneously, or it takes some time.

Thanks!

Re: How long should I wait after canceling a credit card before getting another one

AndySoCal — Sat, 27 Oct 2012 03:24:26 GMT

I would apply and get the card you want first. If the card you have does not have any annual fees I would consider keeping it open. One it does not cost you anything.. Also, you the account couple times a year to keep the account active. Doing so will continue to help build your credit history. Also you have a secondary card just in case something unexpected happens. I am doing a similiar thing with one of my credit cards I use 3 or 4 times a year for a small purchase.

Re: How long should I wait after canceling a credit card before getting another one

wallyworld123 — Sun, 28 Oct 2012 02:06:57 GMT

welcome! + 1