7 of the Worst Car Buying Mistakes You Can Make

Chase IHG Rewards Premier Club Card is currently offering a sign up bonus of 175,000 points after $3,000 in spend
Apple card is sending out a targeted email offer of $100 cash bonus with $100 spend when you add an authorized user
I have a credit card I’d like to cancel, but I don’t know if I should. I’m afraid it’ll hurt my credit score. Today I’m going to walk you through in real time as I evaluate this decision. Then I’m going to explain how to cancel a credit card, no matter why you want to do so.
I normally don’t pay much attention to my credit score. I know that it ranges between 800 and 820, so I don’t worry about it. With a score like that, I’m considered to have “exceptional credit”, and that’s good enough for me. (Kim’s very proud that she has a higher credit score than I do, by the way.)
That said, for the past several years I’ve been carrying a credit card that I don’t want or need. It’s a Chase British Airways card that I signed up for in 2011. It’s a fine card, but I never use it because I have better ones. My primary credit card right now is the Chase Sapphire Reserve, which I use for 99% of my personal credit transactions.
Basically, I’m paying $75 per year — the British Airways card’s annual fee — for nothing…except to maintain my credit score. I don’t like it. I’d rather cancel the card and take a temporary hit to my credit. But is it bad to cancel a credit card? And if it’s bad, how bad is it?
I’ve decided to document the process! Let’s find out together.
Discover is offering some cardholders an additional 4% cash back (5% cash back totaling) on up to $1,500 purchases until 3/31/23
You can get a $550 credit to offset the annual fee on the American Express Platinum Morgan Stanley card if you have open a Morgan Stanley Platinum CashPlus deposit account and maintain $25,000 average balance and have $5,000 deposited to the account each month.Â
The American Express Business Green card has a $95 annual fee. The fee used to be waived for the first year, but that’s now changed and the $95 is no longer showing as waived at signup. Referral links are still showing the first year waiver. Let’s hope that lasts. Hat tip to Parts_Unknown-