 TITLE: Do I Lose My Rewards When My Credit Card Closes? CONTENT: How to Cancel a Card Without Losing Your Points\n-----------------------------------------------\nIf you want to close your credit card and have been making your payments on time, but don't want to lose your rewards or use them right away, you may have several options:\n*   **Downgrade to a different card.** Some credit card issuers let you \"product change,\" or switch between credit cards from the same issuer without closing your account. This can be a good option if you want to close a card because of an annual fee if there's another card that's part of the rewards program without an annual fee.\n*   **Transfer the points to another card.** If you have multiple cards that are part of the same program, you can sometimes move rewards between accounts. Make sure you move the points from the card you plan on closing before closing it.\n*   **Transfer the points to travel programs.** Similarly, some card issuer rewards programs let you transfer your points to partners' frequent travel programs. Transfer the points before closing the card, and you can redeem your points or miles later.\nAlso, you might not want to close a card if you've had it for less than a year. Opening a card, earning an intro bonus and then quickly closing your card could be interpreted as gaming the system and the issuer might clawback your rewards.\nIf you really want to close the card because of an annual fee, ask about downgrading and retention offers. Some card issuers may offer you additional rewards or a statement credit if you keep your card open. However, you may need to call (and sometimes say you're considering closing the card) to find out if you qualify for a retention offer. END