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?

Answered on

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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We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
Earn 50,000 American Airlines AAdvantage® bonus miles after spending $5,000 in purchases within the first 3 months of account opening*
For Excellent Credit
Enjoy 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase
For Excellent Credit

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