Category Archives: Credit Cards

Should You Cancel Cards to Improve Your Chances of Getting New Ones?

Million Mile Secrets reader Phil commented:

Should I cancel a card to “free up” credit with a given bank to increase my chances of getting a new card?  Or should I hold onto the card to keep my relationship with the bank strong?

Two examples:

1.   I have had the US Bank Lifemiles Visa for almost a year now.  I don’t use it much, but they recently increased my limit from $6,000 to $8,000.  Now I am considering applying for the US Bank Club Carlson Visa this month.  I have 16 credit cards, and a relatively short credit history (I only had 1 credit card until 2 years ago, and got that first 1 in 2009), and an income that is not particularly impressive.

Do I cancel the Lifemiles Visa before applying for the Club Carlson Visa, or should I keep it?

And if I cancel it, should I wait a few weeks until after I pay the $75 and get 6,000 renewal points?

2.  I currently have 3 AMEX credit cards (Blue Sky, Starwood Preferred Guest, and downgraded Delta SkyMiles, which has no fees or benefits), and just received a AMEX Premier Rewards Gold in March.

I would like to apply for 1 of the AMEX Hilton cards soon. Should I cancel 1 of my other AMEX cards first?

Excellent question, Phil!  You have some decisions to make.

Should You Cancel Cards To Improve Your Chances Of Getting New Ones

Should Phil Cancel Some Cards to Improve His Chances of Getting Approved for New Ones?

Let’s look at each bank separately to find Phil’s best strategy.

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Plan Your Trip to Hawaii With These Credit Card Offers

Update:  The offers for the Gold Delta SkyMiles Card From American Express, Gold Delta SkyMiles Business Credit Card American Express, and Platinum Delta SkyMiles Card From American Express have expired.  But check Hot Deals for the latest offers!

There are a lot of ways to explore Hawaii with miles and points.  If you’re flexible, that’s even better, because Hawaii is a very popular year-round destination.

Plan Your Trip To Hawaii With These Credit Card Offers

Using Your Miles and Points Is a Great Way to Get to Hawaii!

I’ll show you the best uses of miles and points for a Hawaiian vacation.  And I’ll let you know which cards can help you get there faster! Continue reading

Why You Should (or Should NOT) Upgrade Your Chase Freedom Card!

Million Mile Secrets reader, Confused, commented:

I’ve gotten 21 cards in the last 2 years and currently only have the Chase Freedom card.  Can I product change it to the Chase Sapphire Preferred?  (I know I wouldn’t get a bonus but at least I’ll be able to transfer my Chase Ultimate Rewards points.)

I spoke with a Chase representative and was offered an upgrade to the Chase Sapphire Preferred.  But NOT to the Chase Ink Plus, as another reader, Allen, asked.

Why You Should Or Should NOT Upgrade Your Chase Freedom Card

You CAN Upgrade Your Chase Freedom Card to the Chase Sapphire Preferred… but Should You?

I’ll explain why you may want to upgrade your Chase Freedom card.  And what you gain AND lose by making the switch. Continue reading

How Does the Baggage Credit Work on AMEX Delta Cards?

Update:  The offers for the Gold Delta SkyMiles Card From American Express, Gold Delta SkyMiles Business Credit Card American Express, and Platinum Delta SkyMiles Card From American Express have expired.  But check Hot Deals for the latest offers!

American Express Delta credit cards have a built-in free baggage perk.  And readers have asked how it works.

How Does The Baggage Credit Work On AMEX Delta Cards

American Express Delta Credit Cards Let You Check 1 Bag Free. Find Out How This Benefit Works!

I’ll explain how to get the free checked bag when you fly.  And give you some tips on how to make the most of it!

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How to Get Big Travel With the Limited-Time Chase Freedom Bonus

The Chase Freedom card has limited-time sign-up bonus of 20,000 Chase Ultimate Rewards points ($200) when you complete the minimum spending requirement.

That’s 10,000 more points ($100) than the usual sign-up bonus for this card.  But you’ll have to apply by June 24, 2015.

How To Get Big Travel With The Limited Time Chase Freedom Bonus

The Chase Freedom Card Earns More Than Cash Back When You Combine It With Other Chase Cards

Do you know how to combine this card with other Chase credit cards to get Big Travel?

I’ll show you how to maximize the sign-up bonus.  And give you tips about the best ways to use this valuable card!

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