jiajing wang

04 Jul 2019

∙

I have a Citi bank rewards card and a cash back card.. I want to cancel one of them because i applied for the UOB One card.Which one should i cancel?

I dont drive and occasionally dine in restaurants. I am not a big shopper too

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Brian Lee

03 Jul 2019

Actually it won't make much difference if you cancel 1 card or not (unless you getting loan for a house but not big impact also). Credit limit will still be the same.

Maybe the consideration is to cancel both cards from Citi or should just keep the cards?

If so when cancel both cards:

after 6 or 12mths, think can enjoy new sign up gifts
no need to worry about calling them to waive your annual fees

If keeping both cards:

whenever got special promo (e.g Starbucks) can take out and use for specific occasion
credit limit (if a concern) stays throughout even after not working

My 2 cents and assumption..

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With UOB one card excluding Insurance premium as eligible card spent from 16th March onwards, what are other miles / cash back credit cards you’ll recommend to replace the ONE card?

Any savings account that allows you to earn bonus interest and air miles on credit card spend at the same time (currently using the UOB One card which is a cash back card)?

Hi experts, can I ask if we can apply for many credit cards(say 3/4, one from each bank) to take advantage of all the signup rewards then close all the credit cards a few month down the road?

If you incur credit annual fee in your statement and the bank doesn't want to waive it, can you cancel the credit card without paying the annual fee and get back your balance that was pre-paid?

Is it be advisable to apply for a credit card from a different company with better cash back rates (BOC/UOB) and then paying off the credit with my DBS credit card (so i get both the cash back from and multiplier)?