As I have posted about a few times now, Citibank will negotiate with you when you tell them that you do not want to pay your annual fee and want to cancel the card. For example, awhile back, I negotiated an offer regarding my Citi/AAdvantage Platinum Select World Elite Mastercard. Citi made me an offer […]
Tag: Canceling cards
Citibank Canceled My Citi Hilton HHonors Visa Signature Card
I got the following letter from Citibank the other day regarding my Citi Hilton HHonors Visa card. I called Citibank out of curiosity to find out their policy. My card had been inactive for 25 months (don’t forget, this card has no annual fee) and they said it was time. Oh well, but it is […]
American Express Canceled My American Express Hilton HHonors Card
Recall that I recently traded in my American Express Gold Card in favor of the Amex Everyday Card. Granted the Amex Gold is a charge card (you need to pay balance every month) and the Amex Everyday is a credit card (you can carry a balance). But on their own, American Express, at the same […]
I Am Canceling Rob’s Chase Hyatt Visa Card
Last year, Rob got the Chase Hyatt Visa Card and received 2 free nights for spending $1,000 in the first 3 months. This offer is still available, you can apply for the card here. Once Rob earned the free nights, he stopped using the card. Although we did have trouble using the free nights due […]
Before You Cancel A Card, Make Sure You Will Not Forfeit Your Points
Most of the loyalty program credit cards don’t require you to keep your card to keep your rewards. For example, your Marriott Reward points remain in your account even if you cancel you Chase Marriott Rewards credit card. Your AAdvantage miles stay in your account even if you cancel you Citi AAdvantage credit card. However, […]
How Does Canceling A Card Affect Your Credit Score?
Your FICO credit score is basically determined by how you rate in 5 FICO categories. The first 2 categories, payment history and outstanding debt, account for almost 2/3 of your credit score. 15% of your credit score is based on the length of your credit history. You will rate high in this 15% […]
Amex Offered Me $150 in statement credits to not cancel my American Express Premier Rewards Gold Card
I traded in my American Express Premier Rewards Gold Card in favor of the Amex Everyday Preferred Card. Upon calling to cancel my gold card, Amex offered me $150 in statement credits to keep the card, $75 now and $75 after I met a spend threshold. Despite the fact that this would have technically brought […]
I Am Canceling My Chase Southwest Airlines Rapid Rewards Premier Card
I applied for the Chase Southwest Airlines Rapid Rewards Premier Card last year because I got 50,000 BONUS POINTS for spending $2,000 in the first 3 months. This offer is still available, you can apply for the card here. I never used the card after receiving the initial 50,000 bonus points. I just got a […]
Consider Whether To Keep The Card When The Annual Fee Is Due
When the time comes to pay the annual fee, consider whether the card makes sense to keep. Many times the credit card companies waive the fee the first year as an additional enticement for you to apply for the card. But what happens a year later when you get a bill for the annual fee […]