Question, what is the benefit of doing a PC versus closing the card? A little more than two years ago I got the Southwest Visa (one business, one personal) to get the CP which I have been able to use for 12 RT cross country tickets. It has been awesome. Well nowmy CP is ending and I am looking to getting the CP again with SUB for next year. As my annual fee for the personal card just posted (and the 6000 annual reward points) I was going to close the account, but I don't know if I should PC instead. I have already closed the business account.
My last 24 months are as follows:
Oct 2020 : CSP
April 2021: CIU
Other cards in my portfolio include Disney Chase Visa, Citi Costco, and Chase Freedom the original. I have had all of these for about a million years and I use them often enough that I want to keep all of those. Current income to credit limit ratio is about 50% and closing the SW personal visa would free up about 10%. And yes we pay off monthly
Another recent thought I have had is to PC my CSP to CSR (currently have around 120k UR's). By my math if I can take advantage of the $300 travel credit 2x and the increase in the redemption rate I would come out ahead. I don't know that I would use any of the other benefits of the CSR though.
What are ya'all's thoughts?