Picture this: You got your first credit card and it came with some annual membership. ✨ Now you realize you don’t use this credit card much to justify the costs or you just upgraded to a better card and this card became useless! 😥 What do you do? You first instinct is to get this card closed? 🥲 But, wait the length of your credit effects your credit score! If you close this credit card, your credit score will drop! Now what? 🧐 Do you keep paying the annual membership even if you aren’t using the card? 😭 No, here is what you do! 😌 DOWNGRADE THE CARD to a no-annual fees card! 🤌🏼 For example, if you have an HSBC Smart Value credit card, you would have to pay ₹499 in membership fees. However, you can choose to switch to the HSBC Visa Platinum credit card that has no joining or annual fees! 🙌🏼 This will not reduce your credit history and you also won’t have to pay any fees! 👩🏻‍💻 Downgrading a card is typically an easy process. Simply call your card issuer’s customer service department before your card’s annual fee renews and tell the representative that you’d like to downgrade! 🔬 Don’t forget to follow along for more personal finance hacks! 📌 . . #creditcards #creditscore #creditrestoration #personalfinancetips #personalfinances