Credit Cards

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
medic13
New Member
medic13
Posts: 3
Registered: ‎02-09-2011

Closed Orchard hope it was right thing to do.

[ Edited ]
Options

‎08-20-2012 08:40 PM - edited ‎08-20-2012 08:58 PM

Hope I did the right thing by closing my Orchard but couldnt take the $7 a month annual fee.  They wouldnt waive it so after 5 yrs sent it to pasture.  

Message 1 of 4 (171 Views)
 
Reply
Valued Contributor
jamesdwi
Posts: 1,095
Registered: ‎09-16-2011

Re: Closed Orchard hope it was right thing to do.

Options

‎08-20-2012 08:44 PM

THe orchard card will contine to report and have a positive effect on your AAoA for the next 10 years, AAoA is not effected by closing a credit card. The only effect is your UTL could go up but you have it covered, checkout  Closing Credit cards  

Wallet: FNBO DISC 7.5k, , Chase Freedom 3k & Slate 3k, AMEX BCP 7.5k & AMEX Hilton Surpass 5.5k & Zync NPSL, Walmart 3.3k, CapOne AU 1.5k
Sockdrawer: Paypal Extras MC 3.2k, CapOne 2k, CapOne 750, Amazon 3.9k, Sams Club store 4.8k, and a nice stack of store cards.
Last APP 5/16/2013
Message 2 of 4 (165 Views)
 
Reply
Regular Contributor
Dishpro
Posts: 115
Registered: ‎06-10-2012

Re: Closed Orchard hope it was right thing to do.

Options

‎08-20-2012 08:45 PM

Read the thread under this topic called closing credit cards.
 
Starting Score:
585
Current Score: FICO TU 733 FICO EQ 724 EX PLUS 744
Goal Score: 850

Take the FICO Fitness Challenge
Message 3 of 4 (163 Views)
 
Reply
medic13
New Member
medic13
Posts: 3
Registered: ‎02-09-2011

Re: Closed Orchard hope it was right thing to do.

Options

‎08-20-2012 08:48 PM

Thanks for some reason I thought it would also have an effect on the AAOA and thus was a bit worried.  Still paying an annual fee on the household account but its good for another seven months so will keep it open til then.  Hopefully one of the other cards will have grown another $400 by then to cover it.

Message 4 of 4 (158 Views)
 
Reply

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+