Credit Cards Center Credit cards from our partners
Reply
Super Contributor
Posts: 7,444
Registered: ‎10-03-2008
0

Re: Close All Accounts Except Citi Credit Cards ?

Reminder: the Boy Scout Motto is "always be prepared." Other posters have said it. Never put all your eggs in one basket. Going on, it pays to have credit cards that access the Mastercard and Visa network. You never know when a network failure could take place!


Starting Score: 810 July 2014
Current Score: 838 TU 834 EQ 825 EX August 2015
Goal Score: 850


Take the myFICO Fitness Challengecode
Highlighted
Valued Contributor
Posts: 5,462
Registered: ‎06-05-2013
0

Re: Close All Accounts Except Citi Credit Cards ?

[ Edited ]

Andy77 wrote:

 

If I were to close all my accounts except my Citicards, would that have any bearing on being any easier to obtain more credit with Citibank

 


As others have pointed out, that's not the only concern you should be thinking of.  You may not see the need for credit form others now but things can and do change.  Consider the full impact of closing those accounts (impact on utilization, impact on AAoA down the road, impact on number of accounts, etc) as well as the risk of relying on a single creditor.

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 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.

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

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