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
iceskater1611

0 Contributions
0 People Helped
opening a new card and closing another
Will it hurt my credit or look bad if I close one card and open another one that offers things like points or airline miles? The card i want to close gives me nothing and is not my longest active credit card.

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
11683 Contributions
4496 People Helped

I advise taking the time to read the articles on this site so you can learn how credit works.  You will find that answer and even more ezxtremely helpful information in the articles.  I know, because I took the time and am glad I did.

Top Contributor
7816 Contributions
1500 People Helped

Get the new card first, then close the other one if you wish, but be aware, your scores will be dinged in the process of all of this, nothing major and it is completely normal. Remember to watch your FICO scores. Be sure to read all about how closing accounts can hurt your credit before you proceed, but as said, get the new card FIRST, then cancel the other if that is what you decide to do.

Results 1-2 of 2Results 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.