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A comment on Identity Theft, Credit Reports, and You. Parent comment

Re:Identity Theft, Credit Reports, and You by kinkrtyavimoodh on Saturday September 09, 2017 @11:00AM (#15207382)
Because you are probably spending 3K in 3 months anyway. If you absolutely aren't (or you can't hit the minimum spend in other ways [pay for your friends etc.]), sure, don't get the card.
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Re:Identity Theft, Credit Reports, and You by tertius on Saturday September 09, 2017 @11:04AM (#15207405)
More work: - cancel the card because yearly fee. - pay tax on churned $. - shorten cumulative account age (lowers credit score).

I've done this... Not worth it. Focus on more important things.

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Re:Identity Theft, Credit Reports, and You by kinkrtyavimoodh on Saturday September 09, 2017 @11:08AM (#15207428)
One card with a yearly fee is probably worth it for the other benefits. Other than that, the traditional way is to downgrade it to a free card. Either way, it's fine if you think it doesn't make sense for you, but it's pretty much no-hidden-costs net positive, and that's why so many people actively churn.
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Re:Identity Theft, Credit Reports, and You by tertius on Saturday September 09, 2017 @11:11AM (#15207441)
I understand why. Semi-free money.

Invest in increasing your income instead. That's my recommendation. Long term thinking.

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Re:Identity Theft, Credit Reports, and You by skinnymuch on Sunday September 10, 2017 @08:05AM (#15211852)
Can't you do both?
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Re:Identity Theft, Credit Reports, and You by tertius on Monday September 11, 2017 @08:12AM (#15217883)
The older you get the more you realize how important it is to focus. Specifically long term.
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