Closing 3 CC and affect on Scores

[joeblow2]

I think i will end up closing them even closed i still have over $14,000 in avail credit

[fused]

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@joeblow2 wrote:

I think i will end up closing them even closed i still have over $14,000 in avail credit

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IMO, saving money and keeping your sanity are more important than FICO scores.

[joeblow2]

As a follow-=up question. If i open a new card or 3 eventually to replace these i know i get  a hit on my scoeres for the INQ but what is the hit and revovery time for adding a new CC to your mix ? my AAoA is 5 yrs

[joeblow2]

Also would it be better (if adding 3 new CC) to add 1 at a time (if so over what time periods for min damage to scores) or 3 at once? 

[Anonymous]

joe,

Check the impact each new account will have on your AAofA before you decide when and how many new accounts to open. 

[ngerasimatos]

If you have an Orcahrd card and also a regular HSBC Platinum card they WILL combine the two credit lines into one. Just ask for a manager when if they tell you no. They will then send you a letter in the mail and you list the card info and send it abck and theyll merge the two accoutns. However, it should be noted I did this early last year so thing may be different now.

[joeblow2]

I have an orchard bank and Household Bank card

[Anonymous]

I had both an Orchard & HSBC and I closed the Orchard

and kept the HSBC.  In retrospect I should have kept the Orchard.

At least they gave clis.  I have had nothing from HSBC in years and

the interest is a killer.  I don't use them much.