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Because you are probably spending 3K in 3 months anyway. If you absolutely aren't (or you can't hit the minimum spend in other ways [pay for your friends etc.])
by kinkrtyavimoodh 9y ago
Because you are probably spending 3K in 3 months anyway. If you absolutely aren't (or you can't hit the minimum spend in other ways [pay for your friends etc.]), sure, don't get the card.
- tertius 9y agoMore work: - cancel the card because yearly fee. - pay tax on churned $. - shorten cumulative account age (lowers credit score). I've done this... Not worth it. Focus on more important things.
- kinkrtyavimoodh 9y agoOne card with a yearly fee is probably worth it for the other benefits. Other than that, the traditional way is to downgrade it to a free card. Either way, it's fine if you think it doesn't make sense for you, but it's pretty much no-hidden-costs net positive, and that's why so many people actively churn.
- tertius 9y agoI understand why. Semi-free money. Invest in increasing your income instead. That's my recommendation. Long term thinking.
- skinnymuch 9y agoCan't you do both?
- tertius 9y agoThe older you get the more you realize how important it is to focus. Specifically long term.