Credit Tip: Closing Cards

Try to wait 6 months to close any credit card accounts. I haven’t had it happen to me, but there have been some reports of banks taking their miles back from people who close cards right away. Another annual fee isn’t going to be charged again for a year, so you should be waiting 6 to 11 months if you plan to close a credit card.

Chase Sapphire Card

50,000 points which are transferred at a 1:1 ratio to Continental/United or British Air. So this is basically 50,000 miles. Must spend $3000 in 3 months. Annual fee waived for the first year. Click here to apply.