facebookAny reasons to stay on a credit card? Or is it better to switch credit cards every few years regardless of miles on card? - Seedly

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Anonymous

20 Apr 2023

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Credit Cards

Any reasons to stay on a credit card? Or is it better to switch credit cards every few years regardless of miles on card?

Some of the Moneysmart and Singsaver credit card signup bonuses look attractive for the spending that I am likely to do. I have no issues paying off debts, but the card I am on has some miles.

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Thinkinig if holding onto those miles or if there are other reasons not considered to hold onto a credit card.

Discussion (2)

What are your thoughts?

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Remember to cancel cards that's not in use and no accumulated expenses

Credit score - i would advise holding on to a card that you've had for a long time and have diligently paid off every month, as that contributes to your credit history.

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