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New Member
Posts: 3
Registered: ‎07-29-2008
0

Cancel or Keep?

I have a citifinacial card for eddie z's and i just payed it off. i have no plans to use this card ever again. it has a $2,560.00 CL. should i close it or leave it w/ $0.00 balance?
Valued Contributor
Posts: 1,734
Registered: ‎08-18-2007

Re: Cancel or Keep?


john2000 wrote:
I have a citifinacial card for eddie z's and i just payed it off. i have no plans to use this card ever again. it has a $2,560.00 CL. should i close it or leave it w/ $0.00 balance?

Closing Credit Cards - read this first

Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007

Re: Cancel or Keep?


john2000 wrote:
I have a citifinacial card for eddie z's and i just payed it off. i have no plans to use this card ever again. it has a $2,560.00 CL. should i close it or leave it w/ $0.00 balance?

 

Any fees with this card? What other cards do you have? What are your FICOs?
Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
New Member
Posts: 3
Registered: ‎07-29-2008
0

Re: Cancel or Keep?

i have no fees or lates on any of my cc's ever. i always pay on time,but my balances total $21,000 and my limits total $27,000.

My scores are:  TU 675

                         EX 656

                          EQ 668

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Valued Contributor
Posts: 1,734
Registered: ‎08-18-2007

Re: Cancel or Keep?

Hey John, if you are not paying an annual fee or monthly fee to keep the card open, then i would say to keep it open. It will look good on your report, help with util% and help with aa of a (average age of accounts) Hope this helps
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