Credit Card promotions

Reply

Dec 31st, 2011, 05:39 PM
  #1
Original Poster
 
Join Date: Nov 2010
Posts: 355
Credit Card promotions

I am receiving alot of promotions to sign up for credit cards & get 50.000 - 65.000

points for travel. If you do qualify for these cards & get the points then cancel the cards

does that mess with your credit report ? Thanks
deedeedee is offline  
Reply With Quote
Dec 31st, 2011, 07:41 PM
  #2
 
Join Date: May 2003
Posts: 27,862
Many of these offers require that you keep the card open for a specific amount of time. Be sure to read the fine print.
DebitNM is offline  
Reply With Quote
Jan 1st, 2012, 03:48 AM
  #3
 
Join Date: Jun 2008
Posts: 12,269
My wife and I have done 10 of these over the last 2-3 years
we do not carry balances no late payments what will ding
your score. One of the main components of your score is
your credit line versus debt use so we have lines of hundreds
of thousands through CCs and no debt has actually INCREASED
our score we are both well north of 800 FICO.Most require
no specifc time to be open in fact none I know of do.So
for me an awesome way of getting points and miles as long
as you close B4 1 years so as not to Incur fees.LOTS of
free flights 6 each for us many hotel suites for free even
a free computer for me with Amex open and $510 cash for her
with Chase Sapphire a couple of weeks ago made for a nice
Xmas bonus. So look before you leap but go for it we have
had NO problems. If you carry balances that are high or
make 1 late payment on any card how they make $
it will ding your score...but that would be true of any card.
qwovadis is offline  
Reply With Quote
Jan 1st, 2012, 04:26 AM
  #4
 
Join Date: May 2003
Posts: 3,861
Terms often require that you spend X amount of dollars with the card before you are awarded the points.
Jeff_Costa_Rica is offline  
Reply With Quote
 


Thread Tools
Search this Thread
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On



All times are GMT -8. The time now is 03:04 AM.