More than likely you won't want to cancel, but what cards do you have? Probably need a little more info to provide decent advice.
Yes, please list your cards and limits and when you got them.Youll get better advice that way
I thought OP was saying those are the cards he has.
OpenSky Secured $200
DiscoverIT Secured $200
CreditOne was $300 now $450
Merrick $500
It's a process like everything else.
I would say that as long as you have some relatively established history on rebuilder cards, just ween yourself from them in stages.
Early on i had Fingerhut and of all things actually Victoria's Secret store card and worked them to get increases while time moved on. Funny thing is when your FICO Scores are low and your camp is short with rebuilder cards there often times comes THAT SINGLE ONE approval for you that is just enough to begin breaking away and putting the rebuilders in the Closed By Consumer column of your credit reports.
Prime Lenders also eventually see that as a sign of a cardholder who is determined they are escaping from those levels of credit and seeking another level of responsibility.
Best of luck going forward. It does take time, a lot of it, but just stick it out and improvements will show up to expectations. Many of us travel that same road.
The DiscoverIT isn't subprime - I've got the same card with the same limit. Treat it well, increase your scores, and eventually it'll unsecure and be a regular card. It's no annual fee, double the cash back in the first year, and a GREAT card to have at the start of your rebuild. Keep that card! Have tried for a capital one secured card?
Thing is Poppa, those cards werent showing.
I would focus more on using your Discover card as that has the best potential to take you to next level. Keep the other three at zero balsnce and maybe let the Disco teport a small balance. Once Discover graduates, you might consider dumping credit one . Merrick i understand is a decent rebuild card . After a couple months, come back and update where your scores are. Keep checking out the prequals for Capitol One, if you eventually can get something from them, probably can get rid of the Open Sky. Slow and steady, your score will rise and with it better cards
I would focus more on using your Discover card as that has the best potential to take you to next level. Keep the other three at zero balsnce and maybe let the Disco teport a small balance. Once Discover graduates, you might consider dumping credit one . Merrick i understand is a decent rebuild card . After a couple months, come back and update where your scores are. Keep checking out the prequals for Capitol One, if you eventually can get something from them, probably can get rid of the Open Sky. Slow and steady, your score will rise and with it better cards
Good point Adkins, Discover definetly isnt subprime. Its a great start to better credit. Some people with good credit dont get approved for the secured , go figure
@AverageJoesCredit wrote:
Thing is Poppa, those cards werent showing.
Oh my bad lol. I was wondering what was the matter with everyone. It's like when you don't know what everyone is laughing at and it turns out to be you. I agree totally about the Discover card. That one is a keeper that'll graduate and be very useful. It gives cashback and free monthly Fico 8 TransUnion scores.
@AJC - Discover, such a fickle, fickle, beastie!