Do you have to close the older account??
12/27/16 - Eq683 TU666 Ex681 04/05/17 Eq742 TU763 Ex757
I am under the impression that even closed accounts factor into AAoA, so I don't think it will hurt you much. Plus your first QS is only about 3.5 months older than your NFCU Visa. I will be watching this thread with interest, as I will be doing the exact same combination of accounts in the not so distant future. 
@Guyatthebeach wrote:
@Anonymous wrote:That, is the question.
A bit of background:
I filed BK7 in January 2016, discharged 4/27/2016. That very same day I started my rebuild by apping for and receiving my first Capital One card. It wasn't the best: Platinum $3k SL with a 23.99% APR, no rewards, no intro rate, no frills whatsoever really. But I treated it well, and they treated me well, and 6 months later that card is a Quicksilver and has a $7.5k CL. Since it had been 6 months, i decided WTH and played around in the pre-qualifier...
Lo and behold I was able to get a second card with FAR better terms - Quicksilver WEMC with 0% intro for 9 mos, 13.24% after, intro spend bonus, and a $10k SL! Basically everything my first card was not, and more.
I now have the opportunity to combine these cards into a single Quicksilver WEMC with a $17.5k CL (I checked, only the donor card has to be 6 months old and the system let me get all the way to the last step in the process before I stopped it)
I would very much like to proceed with the combination, as I could use the larger CL to deal with some unexpected medical bills without hurting util as much.
HOWEVER...
Here is the issue - If I proceed with the combination, I will be closing my oldest open account. Will this harm my rebuild more than help it? This is very critical for me to know because I will NEED to obtain a car loan within the next 6 months (My current vehicle lease expires at the beginning of July, and it is my only vehicle).
HELP!!
If it were me, I would combine the accounts as the higher credit line will keep the utilization down.
Did you run the credit simulator on Capital One's credit wise website to see the impact?
As a matter of fact I did - it told me there would be no change to my VantageScore™ 
- Of course, given the massive barrel of salt we all take our VantageScore™ with, I wasn't sure how much to trust it.
Not to mention the fact that post-BK lending is less about the raw score and more about "We want to see X months of history post-DC", so I thought it would be wise to get some expert opinions before pulling the trigger on closing my oldest account and eliminating 3 months of my post-DC history
Combine the cards, if you're able too.
Closing the cards will not have any effect on you. It will remain POSITIVE on your reports for 10yrs from the closed date.
Closed acts arent added into utilization, but still add, and continue to add to your AHOA/AAOA...
Closing the cards will not have any effect on you. It will remain POSITIVE on your reports for 10yrs from the closed date.
Closed acts arent added into utilization, but still add, and continue to add to your AHOA/AAOA...
@pizza1 wrote:
Combine the cards, if you're able too.
Closing the cards will not have any effect on you. It will remain POSITIVE on your reports for 10yrs from the closed date.
Closed acts arent added into utilization, but still add, and continue to add to your AHOA/AAOA...
Waited till the statement cut with a zero balance, and DONE