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Regular Contributor
newbiewife
Posts: 184
Registered: ‎07-18-2013
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Closing a secured Card.

When is the best time to close a secured card? My secured card with cap1 is 351 w/ 35 Af, should I close it now or just keep it and keep using it. Although my credit is new I am having a second thought. Any advice?

Zions -2500
Dillards-1800
Chase-2200
Amex TE- 4500
BCE- 4400
Discover-8750
:heart: trying to reach 800! :heart:
Gardening till 12/14 :smileytongue:
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Senior Contributor
myjourney
Posts: 26,104
Registered: ‎02-07-2013
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Re: Closing a secured Card.


newbiewife wrote:
When is the best time to close a secured card? My secured card with cap1 is 351 w/ 35 Af, should I close it now or just keep it and keep using it. Although my credit is new I am having a second thought. Any advice?

Zions -2500
Dillards-1800
Chase-2200
Amex TE- 4500
BCE- 4400
Discover-8750

What are you doing out of the garden...Lol joking

Wait until your 3X CLI is complete and then make your choice but either way your not losing much UTL wise. How old is the card?

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Regular Contributor
newbiewife
Posts: 184
Registered: ‎07-18-2013
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Re: Closing a secured Card.

Geee not that old 10 months old. Hehehehe.... don't worry myjourney I'm not doing anything silly! :smileytongue:
:heart: trying to reach 800! :heart:
Gardening till 12/14 :smileytongue:
Community Leader
Senior Contributor
myjourney
Posts: 26,104
Registered: ‎02-07-2013
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Re: Closing a secured Card.


newbiewife wrote:
Geee not that old 10 months old. Hehehehe.... don't worry myjourney I'm not doing anything silly! :smileytongue:

So the AF is coming up? 

Shut it down then you're in great shape with great cards now and as for the highlighted area....good Lol

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Regular Contributor
newbiewife
Posts: 184
Registered: ‎07-18-2013
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Re: Closing a secured Card.

Yes AF is coming up I don't mind the AF, its just the thought of if I keep it for many years then suddenly shut down then I lost long history. I'm still waiting for 3xCLI. Heheheheh :heart:
:heart: trying to reach 800! :heart:
Gardening till 12/14 :smileytongue:
Community Leader
Senior Contributor
myjourney
Posts: 26,104
Registered: ‎02-07-2013
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Re: Closing a secured Card.


newbiewife wrote:
Yes AF is coming up I don't mind the AF, its just the thought of if I keep it for many years then suddenly shut down then I lost long history. I'm still waiting for 3xCLI. Heheheheh :heart:

Since all your accounts are new your not losing anything but maybe a few months of AAoA

And the positive TL will still report for 10 years so if your going to do it now is the best time IMO

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Regular Contributor
newbiewife
Posts: 184
Registered: ‎07-18-2013
0

Re: Closing a secured Card.

Okie dokie myjourney. Thanks! See yah in the garden :smileylol:
:heart: trying to reach 800! :heart:
Gardening till 12/14 :smileytongue:
Community Leader
Senior Contributor
myjourney
Posts: 26,104
Registered: ‎02-07-2013
0

Re: Closing a secured Card.


newbiewife wrote:
Okie dokie myjourney. Thanks! See yah in the garden :smileylol:

:smileyvery-happy: 

Don't forget the party tonight

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


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Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: Closing a secured Card.

You've got some pretty nice cards to take its place now.  It may be time to cut the cord.  :smileywink:


Starting Score: 504

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
newbiewife
Posts: 184
Registered: ‎07-18-2013
0

Re: Closing a secured Card.

Party? We have party in the garden????

@shogun- thanks I think that's what I'm going to do.:smiley:
:heart: trying to reach 800! :heart:
Gardening till 12/14 :smileytongue:

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