Close One First before Opening Another?

[FrugalRican]

So within the next few weeks, my Bank of America card is going to have the $59 fee come into effect. I've delayed closing this card simply because I procrastinate.

But, now is the time... Here's my question though...

I want to apply for a CSP at a branch right next door to me, should I wait on closing the card before I apply for the CSP? Or does it not matter?

My utilization is currently at 0, or very close to it, if Chase pulls me this weekend when I go.

I'm not sure if it would really matter to be honest, but I've been "away" from the forums long enough to not really know if its advisable to close one and then open another right away.

Also, does anyone happen to know if I can get the CSP sent to the branch I apply at instead of sending it to my apartment?

[daybreakgonesXe]

Its actually better to apply with that open account to show the positive history and credit line established with the card. Utility wont be the issue, since you seem to have little to no revolving debt! Keeping it open until you score the other card will only help you

[Dustink]

It won't matter in your case. If you closed it now, your report would likely not update the closed account.

Generally, it is good to keep the old account open just incase you get denied for the new card. I am assuming in your case it's probably not a problem.

[rustystick]

cant you product change it to something w/o fee and keep it for positive trend line?

[myjourney]

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@rustystick wrote:

cant you product change it to something w/o fee and keep it for positive trend line?

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It will remain a positive TL for 10 years anyway

[LS2982]

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@FrugalRican wrote:

So within the next few weeks, my Bank of America card is going to have the $59 fee come into effect. I've delayed closing this card simply because I procrastinate.

But, now is the time... Here's my question though...

I want to apply for a CSP at a branch right next door to me, should I wait on closing the card before I apply for the CSP? Or does it not matter?

My utilization is currently at 0, or very close to it, if Chase pulls me this weekend when I go.

I'm not sure if it would really matter to be honest, but I've been "away" from the forums long enough to not really know if its advisable to close one and then open another right away.

Also, does anyone happen to know if I can get the CSP sent to the branch I apply at instead of sending it to my apartment?

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I wouldn't close it if your going to app for CSP now. Get the card then close the BofA.

[FrugalRican]

I'll do that then.

And to the person who asked if I could just PC... I did... BoA has a particular set of rules. If you had a card that had a fee and you try to PC to a card that doesn't... guess what, you're old charges apply. So I kept that card for a year while I was carrying a balance, but now, I don't need it. I effectively paid $59 for one year of having a 16K card. I used it once. It is of no use to me anymore. I had called again to ask, and yep, sure enough, they don't want to waive the fee, nor do I feel like calling every year to have it waived. I'm better off without it. My BCE more than makes up for it.