Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
Tarheel43119

0 Contributions
0 People Helped
How does switching credit cards within the same company (ex- Chase) impact credit score?
I've been with Chase for 15+ years, so don't want to erase my credit history. Just paid off my Slate balance and don't plan on using card very often. Considering switching to Freedom for the cash back rewards. Will my credit score/history be impacted if I switch? Am I better off just staying with the Slate?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
179 Contributions
334 People Helped
Most Helpful Response

Yes and No

Helpful to 2 out of 2 people

It really depends on the card company themselves.  Some card companies will simply upgrade the account to another account allowing you to keep the original credit information to be reported with the new card terms.... However most will not upgrade without first closing the first card and opening the second card.  So check with the customer service of the card first.  Because closing the first card will definitely drop your score.  If that is the case, simply ask for a second card without closing the first.  And just understand that most card companies will automatically close your accounts if you use them too little.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.