Hello all, I made a throwaway account for this discussion but I browse personal finance regularly on my main account.
I am 24 year old with a good job in a new city. I hadn't found /r/personalfinance yet and I accepted one of those pre-qualified CreditOne as my first credit card just over a year ago. Once I realized that opening an account with CreditOne was a huge mistake, I went and got a CapitalOne QuickSilver One card, which I use as my main credit card now. I barely use the CreditOne card anymore and only keep it open to keep my credit score in check.
However, I really want to close this CreditOne account... the app is terrible, the payments sometimes get double drawn from my bank account (it carries over to the next statement but I'd prefer to have the cash in my bank account), and I've heard enough horror stories from this company that I want to be rid of it.
I also really want to open a new Capital One Venture One card. I have started flying a lot more recently since I've moved far from home. I'd rather be gaining travel miles then cashback and CapitalOne has been an amazing experience for me so far.
So the question is how much will this potentially affect my credit score? I don't plan on needing a mortgage or loan for a few more years from now so I'm not that concerned but I don't want to cause a huge dip in my credit score. According to Mint, my credit score has been hovering at 748 the past 4 months or so. I only have these 2 credit cards with 1.2 years and no other debt.
edit: spelling
Submitted January 30, 2019 at 10:58AM by nukicard http://bit.ly/2Ww8YaB
