takeshi wrote:You might have better luck asking on a travel site. AFAIK once it's in your United MileagePlus account redeeming for other options generally doesn't yield anywhere near the same value. You can transfer to Marriott but the rate isn't favorable.
I'm ok with losing some value, but I'm considering into flat out donating the miles to charity at this point. I just don't want to let United pocket the miles.
Also asked over on Flyertalk.
takeshi wrote:It won't do anything -- at least not immediately. Closed accounts typically continue to show up on your reports and factor into your AAoA for 10 years. Revolving utilization, however, is immediately impacted.
Good to know. I guess it's just CK that makes that distinction of open vs closed then. Revolving utilization is not a concern; my utilization will be 1% even after closing the account.[/quote]
takeshi wrote:With which CRA? Creditors don't all use the same CRA. A creditor will see the pulls on whatever CRA the report is pulled from but they won't see pulls done with other CRA's. Is your credit profile only able to handle 3 pulls?
3 pulls on TU, 2 each on Equifax and Experian (although I don't know if Chase might have pulled Experian in addition to TU for my recent CSP application.)
I suppose it can handle more than two pulls, but I do have one adverse entry for another year (shortsale in 2010), so I'm trying to keep everything else as optimal as I can. Two years ago, excess inquiries shopping for a mortgage (two rounds, four inquiries each) dropped my score just below the crucial 760 and cost me a .125% increase in my mortgage APR. So I've been extra paranoid about inquiries since then, and abstained from applying for several offers I would've otherwise been interested in.
takeshi wrote:It's up to you to determine your priorities. I wouldn't keep an MC just to keep an MC but I can't recall ever going to a place that only accepted MC. I'm not trying to argue that they don't exist. They certainly do. They just don't matter to me so I wouldn't worry over it. If it's a priority for you then you have to decide based on how important that is to you though seemed a lot less important in a later reply.
I think I've come to the same conclusion. When I think it through, it doesn't matter as much as I thought it did. I'd still like to have at least one MasterCard, but I'm not going to apply for a card just to have a MasterCard. Going to let it go for now, but keep an eye out for otherwise enticing credit cards in the future, where a MasterCard logo would just be an added bonus.