@Anonymous wrote:
@Anonymous Gold Skymiles... I don't travel more than once or twice a year anymore. It's always on Delta, but the card is not working for me like it used to, it has an AF, and the CL is poopoo @ $2K.. This is also my third oldest card so I'm afraid to cancel it because in 10 years I don't want to take an AAoA hit. I'm an AU on the BCP in my sig... Should I apply for my own?
Cap 1. QS1 cards... These are my two oldest cards, one was originally a rebuilding HSBC card that started with a $500 CL, it's still only $1500 now because I never used it much and never got or asked for a CLI until last month. The other started with a $1300 limit and in Feb. I finally asked for a CLI on it. I only got $500 so it now has a $1800 limit and then I converted it to a QS1. Each of them have a $59 AF.
I'd love to cancel all three but my AAoA would eventually TANK because my other cards are pretty recent. Or am I thinking too much in to it?
AAOA recovers. Not to say I think you should tank it with a ton of apps, but it's a relatively low factor in one's score (15%). I also don't think it's important to worry about something potentially minor that will occur 10 years from now. Third oldest card is not very significant, IMO, so I'd just cancel it. You can make an argument for keeping the oldest cards, but third oldest is probably not a big deal.
As for my annoying card, it was probably my QS, but I cancelled it. High APR that they will not lower. Apparently, if you get the right person in EO and you qualify, you CAN get permanent reductions, but it's just not worth hassling over to me. In my mind, if I have to petition to the EO and beg for an APR reduction, the company doesn't want my business that badly, when others readily drop the APR with no headache. Especially with the fact that contacting EO requires back and forth emails/calls/getting a PIN/etc, just isn't worth it to me.
