I received a letter that if I don't use my BankAmericard Cash Rewards Signature Visa (ABA) CC by a certain date they will close it. I have a lot of BofA CCs opened for promos. Should I let them close this one or there are any advantages to keep this card open and active?
bc3000 said: Keeping it open will help your length of accounts. All you have to do is put a small charge and pay it off at least once a year should be good. Actually, if one has lots of BoA and wouldn't miss one, I'd recommend leaving it inactive, in case you're lucky and.... https://www.fatwallet.com/forums/finance/1531303
Bend3r said: bc3000 said: Keeping it open will help your length of accounts. All you have to do is put a small charge and pay it off at least once a year should be good. Actually, if one has lots of BoA and wouldn't miss one, I'd recommend leaving it inactive, in case you're lucky and.... https://www.fatwallet.com/forums/finance/1531303
They didn't give me any warning and closed my oldest card years ago prior to me getting into churning.
In my experience, most credit-card companies will allow you to merge cards (and keep the opening date of the oldest card). See which of your BofA cards you like best, and ask if you can merge the others into that one. Depending on the various opening dates and how your credit score would be affected, you may want to merge everything into your oldest card.
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