So, it’s not like opening a new account? I just wondered, because some things that seem pretty benign (like when someone else accesses your credit history or if you have several charge cards that you don’t even use) your credit rating falls.
susie
All I can say is — we do this annually.
We typically only keep two credit cards active.
We pay our bill in full each month....
We have never been denied a card with a high credit limit authorized — which we want because we use our credit cards for EVERYTHING... I carry very little cash, and do almost no cash purchases.
We are buried in applications from Credit Card companies - so I doubt our credit has been damaged...
BUT — I should add that since we are retired and living off pensions and investments we really don’t care much about our credit ratings....we are debt free and I doubt we would need to borrow money... So the rating is of little consequence to us...
I’m sure a discussion with your Credit Card issuer can give you a more informed answer...and relieve you of any concern.