Don’t Cancel a Credit Card BEFORE You Do THIS...

[@MarkReese]

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[@MarkReese]

Step 0: Pay off the full balance 😁👍

[@soapa4279]

Good timing, I'm going to cancel my Savor because I think it's bucketed with a silly $1000 credit limit

[@cornelius.anatole]

I just did the same thing. I’m going to re-apply in 6months

[@clausellray3949]

Great content as usual thanks for the info now I have a few more options to figure out. Keep the content coming thanks.

[@Leoprieto74]

I don’t cancel cards,… I only apply for cards that I plan to keep forever,… unless a drastic significant devaluation of the perks and benefits, which it haven’t happened yet with any of my 17 cards.

[@hector-1810]

Yeah different people live different lives. if you have no use for a card and you have plenty other accounts it’s nothing to sweat about. You’re Profil wouldn’t even notice if you close 1 of 17 cards.

[@jian11188]

I have 4 cards, Chase Freedom Unlimited, Amazon Prime, Sapphire Reserve, Ink Unlimited. Between all, speeding about 8000 a month. Not sure why you need 17 cards, that’s crazy.

[@Leoprieto74]

@@hector-1810 👍 agree. But I honestly use all 17 cards strategically. I do travel a lot with my son. My setup is 100% travel cards.

[@Rozzzco]

I have a Quicksilver and Venture X card. I opened the Quicksilver in June 2021 and Venture X December 2023. The only points I have on the quicksilver are from the sign up bonus that i received in 2021. If I transfer the points to miles via the Venture X. Will I lose those points if i cancel the quicksilver card?

[@MarkReese]

No, once they're transferred over, you'll keep them.

[@Usmc031189]

Can I transfer my AMEX credit limit on another card Amex

[@MarkReese]

Yes, see this video: kzbin.info/www/bejne/eoSVfp6Mrpt8aas

[@stevenj2666]

I see you have not combined your Chase card points. I have combined my Sapphire Reserve and my original Freedom cards. Is there a reason not to do this? Also, I have had a Citibusiness Select AAdvantage card since 2000. The fee recently doubled from $50 to $95. Is there a reason to keep a Business Card open? I feel like I am paying enough in fees with the Reserve.

[@MarkReese]

1. I combine Chase points from time to time, but it's not something I regularly monitor. No need to if no redemption is being planned. 2. I keep annual-fee cards if I value the benefits. If not, then it can make sense to get rid of it.

[@FatStacksAcademy]

Mark, I caught my Venture X making an offensive joke the other day. It doesn’t seem remorseful and won’t apologize. Should I cancel it?

[@rlambert9419]

Hahahahaha Love it!

[@MarkReese]

No 😂

[@blakebraboy6909]

What’s the downgrade path from the Amex business gold?

[@MarkReese]

Business Green Rewards Card.

[@SOXGATORS]

👍🏻

[@yer992]

First!

[@soapa4279]

Beat me by 12 seconds

[@MarkReese]

🥇

[@ToboeKey309]

🧐 how many points do u have on your hilton credit card

[@MarkReese]

A little over 1 million right now.