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Cancel or Keep?

New Member

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?
4 REPLIES
Valued Contributor

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

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?
New Member

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

Valued Contributor

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