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Grunt132
Posts: 1
Registered: ‎06-05-2013

New Credit cards

I have just succeeded in paying off all my credit card debt. I would like to get rid of some of my current cards for some newer and better cards with better interest rates, but I don't know weather to cancel my old cards before I apply for the new ones or apply for the new ones and then cancel my old ones. anyone have any idea what's a better rule to follow when doing something like this?

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nicholasyud
Posts: 1,734
Registered: ‎08-13-2012

Re: New Credit cards

  • Don't cancel if the card doesn't have AF. Keep for longest history credit card.
  • Apply new CC before cancel any cards come with AF.
  • Wait until your next statement closed 0 balance and let one card report small balance.

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HiLine
Posts: 2,836
Registered: ‎10-19-2012

Re: New Credit cards


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