I currently have a Capital One Venture (2% back) credit card that has a $59/yr fee, though I don’t utilize it enough to earn a lot of travel rewards and just end up using it for gift cards (target, amazon) that I use for things I need. I pay the balance off monthly. If I initiate an “upgrade” to the Quicksilver 1.5% cash back card, one, will this involve a pull of my credit, and two, will this be a new line of credit?
I have good credit but would like to keep it as high as possible. Simply will this hurt my score? I am concerned about the new line of credit because I have had this other card for several years and read somewhere that is a good thing to keep alive.
I assume my limit/interest rate will be similar.
Submitted November 19, 2017 at 12:29PM by sirappleseed http://ift.tt/2jCZEmv
