Closing Credit Card Scenario... Chase Slate

[Josh2942]

I would transfer it to the freedom

[NRB525]

I would be inclined to leave it open for two reasons:

As you work toward 800, it is another history builder in a no-AF card. PIF small amounts, and it keeps adding to your history.

I am also wondering, since the Slate is marketed as a BT card, does Slate send BT offers after the card is paid off? I have a few years to work mine down, but I suspect Chase will send BT offers later on, after this is paid off. I could be wrong, I have no actual experience with recent Chase BT offers, but it seems possible.

[Anonymous]

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@NRB525 wrote:

I would be inclined to leave it open for two reasons:

As you work toward 800, it is another history builder in a no-AF card. PIF small amounts, and it keeps adding to your history.

I am also wondering, since the Slate is marketed as a BT card, does Slate send BT offers after the card is paid off? I have a few years to work mine down, but I suspect Chase will send BT offers later on, after this is paid off. I could be wrong, I have no actual experience with recent Chase BT offers, but it seems possible.

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I'm inclined to believe that they send BT offers more often on other cards than this one.

[longtimelurker]

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@Anonymous wrote:

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@Closingracer99 wrote:

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@Anonymous wrote:

If you're going for 800's then leave the card open for at least 1 year or even 2. The card is only showing 6 months of history. It's actually viewed as a negative account until it attains 1 year of history.  If it were me I'd leave it open until it started impacting my approvals. Payment history is one subject that is always overlooked here. 

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Meh I have closed a card I got in June last month and no damage to my reports 

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Unless you have 850's across the board you have "negative" info on your report. Not negative in the traditional sense as latest or collections. Add a new account leave it open for 3 months and close it. Is your score going to be the same? I doubt it. 

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I closed an account about two years back after 7 months.   Now I don't have 850's across the board, but apparently 2 of the 3 don't seem to mind.

[Anonymous]

I am in the process of closing my Slate right now. I opened it on Sep 30th of 2014 and closed it last week. It hasn't reported yet. I originally transferred 5k and then tried to pay it off as quickly as possible. I was going to keep it open and pay over several months but I decided I would rather transfer the limits to the Freedom and AARP that I got 2 months after getting Slate.

Once the closing reports I will have no difference on my TU and EQ (no inquiries since last FICO I received for both) except for the account closing. I guess I am a perfect test for finding out how having an account open for only 3 months affects your FICO.

[PNW_Hunter]

Lets hear how they change!