Replacement for Citi Dividends card?

[Squisher]

I bitched about this in the last thread a year ago when AAA Visa card stopped their 5%.

Why don't these people stop their bait and switch? Now I've got to change around my credit cards. Cancel some, pick up more, and change the card aligned with my Mobile speedpass. :frown:

All this changing of terms and my laziness combined to cause me to have over 20 credit cards last year. So, pared it down to Citi dividend, Chase Prefect , Amex cash rebate, and Amex Gold. Here we go again.

BTW-when I tried to cancel my Discover card I thought the women was going to offer to bear my children if I didn't cancel.

 

[acemcmac]

Originally posted by: PaulNEPats

Originally posted by: Dunbar

Originally posted by: PaulNEPats
No it doesn't. I haven't used my bank CC in over a year and it's still factored into my utilization.

http://articles.moneycentral.msn.com/Ba...ting/7FastFixesForYourCreditScore.aspx

4) Dust off an old card. The older your credit history, the better. But if you stop using your oldest cards, the issuers may stop updating those accounts at the credit bureaus. The accounts will still appear, but they won't be given as much weight in the credit-scoring formula as your active accounts, said Craig Watts, an executive at Fair Isaac & Co., one of the leading credit scorers. That's why Ferguson often recommends to her clients that they use their oldest cards every few months to charge a small amount, paying it off in full when the statement arrives.

I haven't had that problem yet. The card I was talking about still gets reported.

Before I applied for my mortgage, I charged a slurpee to each of my out-of-use CC's

 

[Brainonska511]

I saw the article about this in today's WSJ. Citibank is just following AMEX (they reduced their double points on everday purchases) since the goal was to get people to use CCs where they would normally use cash. Since they were successful, they can cut back now and other banks will probably follow suit. One thing I thought was interesting in the article though was that it only mentioned the Citi Dividend Mastercard.... what about the Visa version. It would be awesome if the Visa wasn't affected, but whatever. I'll be keeping my card, as it is my first and their little "Merchant Network" has a store or two that I shop at occasionally (buying airline tickets from United and stuff....).