My credit rating is 684 and I have been paying my... - Travel with Credit Cards Questions

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Credit Card Applications » Questions » User Questions » Travel with Credit Cards » My credit rating is 684 and I have been paying my bills on schedule. If I pay off one...

My credit rating is 684 and I have been paying my bills on schedule. If I pay off one credit card and cut them off for good, would it affect my credit rating? I want to apply for an airline credit card. What do you suggest?

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Leo Zhu

You should pay off your existing credit cards, but do not close the accounts. If you do, that good credit history will be removed from your credit report, and that will result in a lower credit score and probably a lower credit limit. With your current credit score you can apply for credit cards with mileage rewards. These cards allow you to earn miles for every dollar you spend. Some also have a 0% introductory APR. Also, some of the cards do not charge an annual fee.

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Bonus Miles - For example, if you earn 20,000 Miles, you get 40,000 Miles. We'll match all the Miles you've earned at the end of your first year.
For Excellent, Good Credit
Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $500 travel statement credit
For Excellent Credit
Earn 1X Points on All Other Purchases
For Excellent Credit

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