ST Alpha - "As David says, it really depends. Ours has not been effected by opening and closing cards but I don't do it in a massive way." (Reading a Post)

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In response to "What is the credit score impact if I cancel the card after the first year? -- nm" by James Bond (aka on phone)

As David says, it really depends. Ours has not been effected by opening and closing cards but I don't do it in a massive way.

Posted by spamlet Jan 9 '17, 06:45

Chase blocks you if you open 5 cards in 24 months (from anyone) and I was under that limit. Others have done 20-30 cards in those same 24 months and they say that it doesn't hurt them.

I think Credit Karma has a tool that will model changes in your score based on certain items.

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On the plus side, I was reading an article the other day that someone's score went up by 20 points after getting this card. - David Jan 9, 06:47 1
- Yeah, when we got approved ours was higher than any other limits we've had. - spamlet Jan 9, 06:56

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As David says, it really depends. Ours has not been effected by opening and closing cards but I don't do it in a massive way.

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