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I have about 7 months of credit history. I'm looking to close CAP1 and possibly wells fargo secured due to limited graduation potential with these cards. Should I close these cards now or wait before annual fees kick in? Below are my current cards.
CAP1 Secured $300 06/12 has AF
BOA Secured $300 07/12 has AF
WF Secured $1000 07/12 has AF
Chase freedom $2500 12/12
Discover IT $1700 01/13
I would close in month 11. Right before AF kicks in.
@shols44 wrote:I would close in month 11. Right before AF kicks in.
That's what I'm doing with my Captial One Secured card.
@jconvinced wrote:I have about 7 months of credit history. I'm looking to close CAP1 and possibly wells fargo secured due to limited graduation potential with these cards. Should I close these cards now or wait before annual fees kick in? Below are my current cards.
CAP1 Secured $300 06/12 has AF
BOA Secured $300 07/12 has AF
WF Secured $1000 07/12 has AF
Chase freedom $2500 12/12
Discover IT $1700 01/13
Cap1 does not graduate, so I would close it at AF time. BofA and WF do graduate, so I would keep unless you don't want to ever have cards from these banks.
Would it be bad if I cancelled my CAP 1 now? I don't use this card anymore and don't want to worry about it.
@jconvinced wrote:Would it be bad if I cancelled my CAP 1 now? I don't use this card anymore and don't want to worry about it.
Nothing bad about closing it nowl