|
I know this isn't quite up your alley, but here goes. I currently have two credit cards. The first is my first credit card, which I applied for when i was a Softmore in college to build up a credit history. It offers no rewards, but has been open for four years now and has a credit limit of $11,000. The second I got a year later, and gives cash back on purchases. For obvious reasons I always use the second card, but I keep the first one open to keep my credit rating up and in case of a really dire emergency (who knows when you'll need ten grad to get out of a Turkish prison or something?)
Now I noticed that the bank I got the first card from now offers a rewards card that has slightly better rewards under some situations than my current rewards card. I have a pretty good credit rating, so I think I'd be eligible. However, I don't want to close the old account and open a new one because it would damage my credit rating. Can the bank transfer me over to the new card without closing and reopening the account in a way that would hurt my credit rating?
|