Advertisement

Anonymous

20 Jul 2021

∙

How long should I use a credit card before cancelling it?

I own a Citi SMRT credit card for about 8 months or so. However, because of the recent change in their terms, I am unable to reach the minimum amount. I am thinking to cancel it now but will this affect my credit score?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Lau Poh Siong

20 Jul 2021

I doubt it will cause any rating issues. My shortest holding of credit card was 2 month. Apply, spend the requirement, get the freebies and then cancel the once freebies arrived. Credit rating no change for me.

Reply

Save

Write your thoughts

Related Articles

Related Posts

Got the Citi PremierMiles credit card for the AirPods Pro signup bonus, but don't really have much use for the card itself. If I cancel the card now, will I be charged the annual fee?

Will the annual fee be paid before or after I use my credit card? If I am unable to waive the fees, can I cancel the card?

Hi friends, How long should I cancel a credit card or brokerage account before it hurts my credit score?

Will there be problems if I cancel my credit card if I used it for flights/hotels booking?

I want to cancel my Citi Credit Card but have had it only since July. Does anyone know what's their early termination period? How long do I have to hold onto the CC to avoid early termination fee?

Related Products

Citi SMRT Card

3.7

59 Reviews

Up to 5% at selected grocery stores

CASHBACK

$600

CASHBACK CAP

Standard Chartered Simply Cash Credit Card

4.1

175 Reviews

UOB One Card

4.1

165 Reviews

Related Posts

Got the Citi PremierMiles credit card for the AirPods Pro signup bonus, but don't really have much use for the card itself. If I cancel the card now, will I be charged the annual fee?

Will the annual fee be paid before or after I use my credit card? If I am unable to waive the fees, can I cancel the card?

Hi friends, How long should I cancel a credit card or brokerage account before it hurts my credit score?

Will there be problems if I cancel my credit card if I used it for flights/hotels booking?

I want to cancel my Citi Credit Card but have had it only since July. Does anyone know what's their early termination period? How long do I have to hold onto the CC to avoid early termination fee?

Advertisement