[diefree]

I don’t cancel cards, it has a bad effect on one’s credit score. Just let it hibernate is my advice. I like AX but they’ve cancelled some cards on us recently because we weren’t using them. BTW both my husband and I have high credit scores but the cancellations dropped the scores down a little.

We have Capital One, Discover, Citizen’s Bank, Pentagon Federal Credit Union, American Express, Bank of America, Fidelity, GM, Chase and GM. We use them to get airline miles or for balance transfers at low or zero interest.

[William Tell 2]

I’ve heard canceling cards has an adverse affect on credit scores. I must admit. I don’t understand the logic of it though.

This card was opened so I could get Amtrak points. Incredible how it worked.

[Not A Snowbird]

I like AX but they’ve cancelled some cards on us recently because we weren’t using them.

One thing I do is have a small recurring charge on my Chase card so that it shows activity. On my Capital One, I might charge a tank of gas every month just so their computer doesn't think the card is dormant.