Question
I was ready to cxl my regular visa and apply for a bussines united card in order to get the 20,000 mileage plus miles that come with it but i was advised that doing this would screw up my credit report .
Any idea if this is true?? I have read on this forum that many people get cards, get the bonus points, cxl them and then re-apply in order to get more points. I was tempted to do that but i am afraid to get my credit afected.
Answer
I have done this and noticed only a small temporary drop in my total score. I think it is worth it.
Answer
I have done this and noticed only a small temporary drop in my total score. I think it is worth it.
how long till your score was back to "normal"?
Answer
how long till your score was back to "normal"?
Key is how often you get hard pulls on your credit report and how high your score is to start with.
If you only have a couple of pulls and you have a decent FICO score, it should not make a difference. Many people that really churn the cards see a 30 point or so drop in their score. Since they continue to churn the cards, the score never returns to the higher level.