Credit Card Center Advertiser Disclosure†
08-12-2017 03:44 AM - edited 08-12-2017 04:21 AM
I was approved for a Walmart credit card with a $800 credit limit. That is a good credit limit for me Now i can cancel my Capital one quicksilver one card at the end of the year and avoid paying the annual fee. I now have 4 cards without fees. AMEX 1000 AMEX blue 500 Paypal 500 and Walmart 800.
08-12-2017 05:07 AM
08-12-2017 06:12 AM
Congrats on scoring Wally
Before you close your QS1, verify your options. You might be able to get af waived or upgrade. Im not too schooled on Cap One but any questions you have you might post in credit cards forum and you might get some good advice on what to do with that card before you close, just to explore options
Agreed. Looking at the SL for your other 4 cards, you may explore if closing it is your best option. If it's one of your longer histories, it may be more worthwhile keeping to help your AAoA. I'm assuming Paypal and Walmart are both store cards so if you close out the QS, you are only left with an AMEX to use (No Mastercard or Visa). It's benefits to keeping a MC or Visa in your profile. You may want to just pay it off if you haven't and keep it around.
Congrats on the Walmart store card though. It grows like crazy if you take care of it. In 3 months, my credit line has grown to 5x what my SL was.
08-12-2017 07:40 AM
Congrats!!! Keep your options open on the Cap1 QS Card tho!!!
08-12-2017 08:30 AM
You are defintely on your way! I have to retain my CapOne with fees as I have had it for so long and dont want my history to tank! Congrats again...
08-12-2017 09:34 AM
NICK is right,,,DON'T TANK YOUR CREDIT AVERAGE AGE OF CREDIT
OVER A SMALL ANNUAL FEE!!!! Grow it Baby, GROW!!!
08-12-2017 09:36 AM
Congrats! With Cap1 Quicksilver one, see if they let you product change to the regular Quicksilver or waived the fee. There's a thread in here somewhere about upgrading cap1 cards with the link so check that first.
08-12-2017 09:49 AM
PS: I started my CREDIT re-Build late 2013 with a Secured Capital One MC
card $300, and Secured USAA MC with $500, and an Unsecured Emblem
MC from Jefferson/Mid-America Bank for $325!!! It was, let's just say BRUTAL!!!
I made my Bed and I was not sleeping very well in it. It totally Sucked, believe me!!!
Now, coming up 4 years later and not even making $75K/Year at my Job, just Look below and
see what is Possible for YOU!!! For Everybody here!!! My total Credit line now is $106K with
a No Spending Limit AMEX Gold Card now to BOOT!!! It can be done, BELIEVE ME!!!
A very Wealthy Stock Market guy once was asked why he was so sucessful and not many others were,
He said....Plan your Trades, Trade your Plan!!!! BE YOUR FUTURE!!! You can do it!!! I did.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.