Keep Credit Card for Credit History

You can switch to another RBC credit card without affecting your 4 year history. If you are thinking of some other bank's credit card, then you need to keep the RBC credit card to keep the 4 year history.

inkjoy wrote: ↑You can switch to another RBC credit card without affecting your 4 year history. If you are thinking of some other bank's credit card, then you need to keep the RBC credit card to keep the 4 year history.

If you switch to a no-fee RBC Visa, you will retain the history. Make sure you don't switch to a MasterCard.

If the card you'd like to use instead is not from RBC, apply for it and keep the no-fee RBC Visa active.

Interesting. While I do realize the OP is referring to a RBC credit card and not TD, we will be cancelling our TD Aeroplan cards this Dec. TD has been our bank for 32 years but our Aerogold card was with CIBC and we were sold to TD when we were told we would not be and paid our fees in Dec. 2013. Since we already had the TD all inclusive (formerly select service account) we do have the TD First Class Travel Card that is included with the all inclusive package - but it is geared more to Expedia for TD and we do not book Expedia - ever.

Since we were sold and obviously did not receive any of the perks offered to new people from the street - nor were we targeted for the 115,000 Aeroplan miles for those new and sold applicants for the products we have had for years we will be closing our TD Aeroplan accounts.

I specifically asked about the credit card history being wiped since we were excellent customers with CIBC and always paid the balance in full each month and I know that the history was sold with the cards. TD told me (very rudely by the way) that our credit history would disappear on cancellation. I did question this since we have actually banked at TD for 32 years and do have the FC Travel Card. I was told it did not matter - well it does matter to me.

I have not given up on this yet - but was wondering if switching from a RBC reward card with a fee (as per the OP) to a no-fee RBC Visa is something specific to RBC. I have spoken with Amex - we have the Aeroplan Gold fee bearing cards - but also have a no fee card that we took out prior to the Aeroplan Gold cards being launched. We have had the Amex Aerogold card since launch date. I was told that our history would stay with Amex should we cancel our fee cards when my husband retires since we have the Holt's no fee Amex. But then who knows how the terms and conditions will change over the next year.

We have an R1 credit rating and do not churn credit cards. TD has of course tried to get us to move money back to TD from CIBC WG without offering us any incentive to do so (not that it would work). So we are bank shopping. Well except for the all inclusive account because we have a safety deposit box that I want to keep.

Switch to the highest non fee RBC Visa card of your choice, AFTER doing the AA or BA transfer. Not all cards offer that option.

Then cancel all secondary cards, reduce the credit limit as much as allowed and throw it in a drawer somewhere.

I have a 19 year old RBC Visa I keep just for that. It was originally a Visa gold, then platinum, then platinum avion and then infinite avion.


BTW be careful with AA transfers. AA has a time limit on points. I always used to transfer to BA executive during the 1.5x promos. BA can be redeemed on AA. If you live on the west coast, Cathay's program is also a good choice.