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DCU? is that the Digital Federal Credit Union. For the Capital One Cash Rewards & Classic Platinum the Annual Fee is $39 for both. My only concern is that I would hate for my scores to drop considering their already low.
My question is if I dont use the cards and keep the balance paid in full each month would this still help increase my credit scores?
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Yes.. PIF every month..will add 1 account in good standing..
Moreover for lenders Fico score is not everything...They look at the big picture..Your full credit profile, number of accounts in good standing, Income, Utilization et all
So if you can take the pain to maintain the account..do it
Ok thanks, I think thats what I will do, just keep the balance paid in full but dont use the cards. I just can't risk my score dropping right now...... To many people on this site & others saying different things on whether my score will drop or not, so I'll just stay safe, and dont close them.....
@gotti5000 wrote:Ok thanks, I think thats what I will do, just keep the balance paid in full but dont use the cards. I just can't risk my score dropping right now...... To many people on this site & others saying different things on whether my score will drop or not, so I'll just stay safe, and dont close them.....
That's a safe strategy
get the cli = or > than the 1st premier limit and close it, you don't need it and if i remember correctly they have a monthy servicing fee in addition to the af. closing the account does not hurt your score, what will hurt is if you close it w/out replacing the limt because your ult will take a hit. closed accounts with positive status (no lates or anything) will remain on your file for upto 10 yrs and i believe still fall into the mix for avg age of accounts.
So basically do not close one of the cards until I increase my credit limit on the Capital One cards.......