- Centurion Member
- Posts: 4040
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
Using those two cards should provide a simple way to get decent rewards on your spending.
As far as whether it is best to never close an account:
Your credit report, which is a sort of 'transcript' of credit cards, mortgages, car loans, and so forth will continue to show your good history with a card for a few years after you close it. So the harm is pretty minor, since you'll be building history with a new card.
It is usually best to close a card with an annual fee unless it has really great rewards like a lot of cash back or special perks like airline or hotel upgrades. It sounds like you might be best with cards that have moderately good rewards but no annual fees.
If a card has no annual fee but it's not going to be one you use much, then people have different opinions. Some people like to keep it open to show a more impressive history. I would not want the extra work of tracking it ans would close such a card.
So continue to be responsible with your cards - it sounds like you've got ones that suit you well!.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech