Downgrading Your Credit Card Instead of Cancelling Could Save Your Credit Score and Benefits
When faced with an annual fee, canceling a credit card can hurt your credit history and rewards. A better option is to downgrade or product change to a no-fee version, preserving your account age and points. This strategy allows you to avoid fees while keeping the card's benefits active.
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This summary is AI-generated and original to Mobble; the linked article is the authoritative source.
Original headline: “Considering canceling your credit card? Here's why you might want to "downgrade" it instead.” Browse more stories.