@Anonymous wrote:
@jawbrkr wrote:Not sure if this is true or not. I heard this rumor floating around somewhere on the forum. Do scores drop for closing an account? In my case my CL wouldnt change since I am moving from one card to another without affecting utilization.
In your case I'd say likely not or a very small drop, though as with anything "it depends". Most of the time a score drop will be because your util drops, which doesn't apply to you (hopefully). Remember that the account will fall off your CR 10 years after you close it, but hopefully by then you'll have an even more seasoned credit profile that it won't matter.
What are your limits on the CSP and the Freedom? I ask because while Chase does tend to consolidate limits without issue, from my personal experience they do not always let you keep 100% of limits. I previously had the Marriott and United cards totalling $45K but I cancelled Marriott and they only bumped me to $35K on the United. I'm not sure if they did this because they wanted to leave room open for me to apply for a new card, or if I could have overriden it by calling the recon line and/or doing a HP ($35K was enough for me so I didn't feel like bothering). With that said I feel like I'm the exception here.
I also agree with the others that the Freedom and CSP is a killer combo, as the Freedom will give you some 5x category earnings that CSP won't, and it doesn't cost you anything to keep Freedom. Of course that's up to you, but if it were me I'd keep both.
I have $5000 on the CSP and $3500 on the Freedom.
@Anonymous wrote:
I kind of assumed that the Freedom + CSP combo wasn't particularly useful to OP since they stated they already have CSP. But I may have misinterpreted the post. Agree with kdm though.If you've realized the combination isn't useful to you then its meaningless regardless of the value it might have for others.
Honestly, I got the Freedom to pair it up with the CSP and then eventually realized they offer, almost exactly, the same benefits as Discover. While I can pair the Freedom with the CSP, I find only one of those quarterly categories to my liking. I couldnt care less about Kohls or Amazon or whatever else. I barely shop at those spots. So I dont want to keep a card that benefits me in one out of only 4 quarters. I can say the same about discover. but I would rather keep that card just so it gives me a different trade line. If only Discover had more variety in cards they offer. The need to up their game a little.
