01-08-2013 02:25 PM
I recently was just approved for Chase Freedom ($3k), Discover It ($6k), Home Depot ($6k) and Lowes ($3k). Prior to these new cards I have two Capital One cards ($500 and $750 limit) and an Orchard Bank card (well I guess that is Cap One too hehe). All 3 of these have annual fees. Should I close the two low limit Capital One cards now while I take the hit on my AAOA? Or should I continue to keep paying the annual fee and keep them open?
Thanks for any advice you guys can give =)
01-08-2013 04:58 PM
How long have you had them?
01-08-2013 04:59 PM
I would recommend that you close any cards that have an annual fee.
You currently have great cards with decent credit lines.
Those closed cards will continue to report for "TEN" years after closure.
01-08-2013 05:11 PM
call and see if they can waive the af or pc too other cards without af.
otherwise axe those bad boys.
like stated as long as closed in good standing, the cap one cards will continue to report for 10 years.
considering the average life and not being able to get credit until 18+ thats huge lol.
|Current: Discover Fico 682 1/15 Walmart Fico 684 1/15|
Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
|Amex Zync(Unicorn) |
Citi Diamond Preferred$6000
01-08-2013 06:27 PM
did you contact the executive office?
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO