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Anonymous

04 Dec 2022

∙

Cancelling first credit card

I've been using DBS/POSB for the longest time and live fresh credit card (5years), planning on switching to uob - account and CC.

Does this have any impact on credit score or in the future when I reapply for account, cc and loans under DBS?

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Mandy Ng

05 Dec 2022

Unlikely! Have terminated credit cards before and then reapplied over a number of years (including my oldest cards. when I checked my credit score for free with credit bureau when I apply for cards, it is still at the highest rating. I think if you pay your bills and loans/mortgage on time every month, you should be fine.

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Vernice Ng

05 Dec 2022

Community Manager at Seedly

Oo what's the reason for switching? anw I don't think it'll affect ur credit score at all!

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stonechat

05 Dec 2022

I don't think so. You're only terminating a card right?...

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