Has anyone cancelled Chase Sapphire Preferred card after the first year? How does it affect the credit score

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Why would you close the best card in existence?

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$95 😬

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No it's legit cheaper. I've used it multiple times

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I'd say cancel any other card but keep the sapphire. You legit cannot beat the perks and rewards with any other card.

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Bad move. Don't cancel the SAPPHIRE

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I haven't been able to find cheaper flights than the sapphire ultimate rewards site. Plus the points earning is better than any other card out there. The amount of money that card has saved me and the amount of trips I've been able to take with those points is well beyond worth the $95 annual fee

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What about in favor of citi double cash back?

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It's worth every penny.

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Why would ever cancel the sapphire !!

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But, what's the catch? They say 20% off airfare. Is it like 20% off a higher fare category? Example AA web fare say is $300 and thru Chase 20% off $400 = $320 > $300

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@C1 I'm looking to cancel my ventureone and get the chase sapphire but the credit hit makes me nervous. Venture is my longest running card ~4 yrs. All balances on cards paid each month. Should I attempt it?

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^👌🏻

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I've cancelled other cards (kept the sapphire but cancelled United, venture one, etc.) my score is fine

Get another chase card then transfer your credit line while closing the card

Dont cancel may or may not hurt score, its a good card though

-720

Don't be cheap OP

No need to cancel it, just downgrade to regular Sapphire with no annual fee

Downgrade it. There isn't a regular Chase Sapphire anymore, but my local branch said you can downgrade the same credit line to the Chase Freedoms card.

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