AMERICANEXPRESS LOWER MY C/L , WHAT SHOULD I DO ?

[dangphuocloc72]

COUPLE MONTH AGO I MAX OUT ALL MY CREDIT ,BUT I ALWAY PAID ON TIME AND FIRST DAY OF THE BILL.I PAID MORE THAN WHAT EVER THEY ASK FOR , TODAY I PIF ONE CARD FROM AMERICAN EXPRESS , AND THEY SEND EMAIL FOR ME , THEY SAY THEY ARE LOWER MY C/L DOWN $500.00.I REALLY DON'T NEEDS THEM MUCH , CAN I CLOSE THEM , OR WHAT CAN I DO ? , THANKS ALL . HAVE A NICE DAY .

TransUnion

630

Date: 12/31/2008
(over 1 month old) Equifax

564

Date: 1/23/2009
Experian

615

Date: 1/23/2009

[mphan]

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@dangphuocloc72 wrote:

COUPLE MONTH AGO I MAX OUT ALL MY CREDIT ,BUT I ALWAY PAID ON TIME AND FIRST DAY OF THE BILL.I PAID MORE THAN WHAT EVER THEY ASK FOR , TODAY I PIF ONE CARD FROM AMERICAN EXPRESS , AND THEY SEND EMAIL FOR ME , THEY SAY THEY ARE LOWER MY C/L DOWN $500.00.I REALLY DON'T NEEDS THEM MUCH , CAN I CLOSE THEM , OR WHAT CAN I DO ? , THANKS ALL . HAVE A NICE DAY .

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Hi Loc,

Cancel it might hurt your credit more than helping. If it has AF, PC to card w/o AF.

[oracles]

Hi Loc

Go to my signature and open helpful links. In it is the closing credit cards thread.

Read that thread

This will give you a good inclination as to weather you should close the card or not.

If there is no AF, i would keep it open.

Hope this helps