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Is it wise to close an old credit card, just to switch to a different one with better rewards?
Is it wise to close an old credit card, just to switch to a different one with better rewards? Current situation (all cards through USAA):
Credit Card 1 (old): Visa. 1% rewards on all purchases. Rewards deemed too low, and have stopped using it. Credit limit, $35k. Credit Card 2 (old): Visa. 5% rewards when used on Amazon. Credit limit, $14k. Credit Card 3 (new): AmEx. 3% rewards on gas, groceries, and restaurants. Credit limit, $12k. Cr...
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