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Consolidating Credit Cards for 1 w/ rewards / Closing Credit Card

Hello myFICO forum,

 

I have 4 credit cards (MC / Visa) & only 1 has any real benefits/rewards (Citi American Aadvantage - Platinum).  My question is I would like to (if possible) consolidate / upgrade from that Citibank Aadvantage to the Citibank Executive World Elite as it carries some of the same rewards but some additional ones that fit my needs as I travel a bit for work.  Could or should I do this, in essence closing my Citi Aadvantage Platinum?  Would it negatively affect my credit score if I could consolidate?  If I can't consolidate would applying / getting the new Executive card negatively affect my score?

 

Follow up question my wife & I have a couple of jewelry store credit cards (Kays/Zales) from our wedding.  We have not used them in about 1.5 years.  I know it's good to use cards every once in a while.  Does this apply to store credit cards?  What happens if we let these or clothing store credit cards just sit & not use?

 

Thank you for all your help!

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Posts: 30,824
Registered: ‎02-07-2013
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Re: Consolidating Credit Cards for 1 w/ rewards / Closing Credit Card


Psirix wrote:

Hello myFICO forum,

 

I have 4 credit cards (MC / Visa) & only 1 has any real benefits/rewards (Citi American Aadvantage - Platinum).  My question is I would like to (if possible) consolidate / upgrade from that Citibank Aadvantage to the Citibank Executive World Elite as it carries some of the same rewards but some additional ones that fit my needs as I travel a bit for work.  Could or should I do this, in essence closing my Citi Aadvantage Platinum?  Would it negatively affect my credit score if I could consolidate?  If I can't consolidate would applying / getting the new Executive card negatively affect my score?

 

Follow up question my wife & I have a couple of jewelry store credit cards (Kays/Zales) from our wedding.  We have not used them in about 1.5 years.  I know it's good to use cards every once in a while.  Does this apply to store credit cards?  What happens if we let these or clothing store credit cards just sit & not use?

 

Thank you for all your help!


Welcome to the ForumSmiley Happy

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
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Re: Consolidating Credit Cards for 1 w/ rewards / Closing Credit Card


Psirix wrote:

Hello myFICO forum,

 

I have 4 credit cards (MC / Visa) & only 1 has any real benefits/rewards (Citi American Aadvantage - Platinum).  My question is I would like to (if possible) consolidate / upgrade from that Citibank Aadvantage to the Citibank Executive World Elite as it carries some of the same rewards but some additional ones that fit my needs as I travel a bit for work.  Could or should I do this, in essence closing my Citi Aadvantage Platinum?  Would it negatively affect my credit score if I could consolidate?  If I can't consolidate would applying / getting the new Executive card negatively affect my score?

 

Follow up question my wife & I have a couple of jewelry store credit cards (Kays/Zales) from our wedding.  We have not used them in about 1.5 years.  I know it's good to use cards every once in a while.  Does this apply to store credit cards?  What happens if we let these or clothing store credit cards just sit & not use?

 

Thank you for all your help!


None of these things will have any significant effect on your credit.    I suggest you apply for the card you want if they don't allow consolidation, which I gues they won't.   Just let your store cards sit and likely they will eventually close, but that is not a negative. 

 

 

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