How much of a hit to drop a card?

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Postby nismoZtuner » Sat Jan 04, 2014 1:45 pm

Kripler68 wrote:Probably not a good idea to drop it,Let it linger unused if you have to.
Why lose the age of the card?

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Postby ivotedale » Sun Jan 05, 2014 3:50 pm

Seriously, it's like $2.08/ mo. for the $25 AF. Total minutiae in the big picture.

I've kept onto mine and got my credit reports recently; it's true about AAoA. All my Amex cards report from 2011 from which I got it.

Besides, if you even participate in Small Business Sat. w/ your Amex, it lessens the AF impact even more, not to mention Amex offers throughout the year on separate cards are cool too.

I know some folks are mad OCD and love to consolidate, so cancel if you will. But it's NOT a huge cost at that AF price imo. Just set up a reminder in your phone to spend on it every 6 months and you'll be good.
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF

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Postby chas0039 » Sun Jan 05, 2014 8:51 pm

I appreciate the suggestions, but I just don't have the emotional connection to the ZYNC. However, my Blue Card, issued in the first year, will stay.

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Postby MemberSince99 » Sun Jan 05, 2014 9:19 pm

Maybe it would make sense to PC to Green? Otherwise if you really don't want it, let it go.

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Postby chas0039 » Mon Jan 06, 2014 3:04 pm

ZYNC cards can't PC as I understand it and, in any case I just got 1/2 price deal on my Gold Card ( Senior Charter member) so I am set. Thanks for the idea.

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