Credit Card Center Advertiser Disclosure

Frequent Contributor
Posts: 443
Registered: ‎03-19-2010
0 Kudos


[ Edited ]

Revelate wrote:

Unless you need the money that's being charged for your annual fee (I didn't think there was a monthly maintnenance fee?) personally i'd just leave it open.  Then again I fall into the minority of posters here who don't quibble about an AF: $35 or even $59 a year is trivial for a good tradeline... and a 5 year revolving tradeline with solid payment history is an *excellent* tradeline.


Cap One isn't a great lender, and you don't need the card with your scores and other cards now... if there's something you find fustruating about the card (like PIFing before the statement date, which I don't worry about except in the except when I'm trying to boost my FICO pre-application) then close it, but personally I wish I had your problem Smiley Wink.



On Capital One Platinum they refer to what we call a annual fee as a "monthly maintence fee".  I originally opened this line with no fee(s) but they decided to slide this on me a few years ago...they won't even PC me or reduce the fee...and yes i've tried the exec office a few times. Mine happens to be $5..which i believe is wayy too much because the card has no benefits. I only keep it open because it's been open 7 years with perfect history. Maybe once i buy a new car i'll close it.

Established Member
Posts: 27
Registered: ‎11-14-2012
0 Kudos


If you close a card, the only immediate impact is on utilization (as the card continues to report).   The OP said her utilization was 2% and this was among her smallest CL card, so closing it wouldn't increase utilization to bad levels.  It makes no sense to continue to pay monthly fees for a card you don't use in that situation, your CR will still show the great payment record...

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on 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.