To switch or not to switch?
August 21, 2012 12:55 PM Subscribe
Thinking of leaving one of the larger banks for either a community bank or credit union. The problem? My only two credit cards are also through the bank I'm considering leaving. What to do?
The cards are paid off monthly, and they give me some good credit score karma, so if leaving the bank and cancelling the cards is a net negative on my credit report, I would prefer to avoid that as we plan to move and apply for a new mortgage in 2013.
So, should I proceed with the switch because it will have no impact? Or should I wait until after we move so that the big purchase is out of the way before potentially wrecking my credit score?