No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I was trying to get a house but could not get approved due to how much I owe on my student loans, so I've turned my attention to trying to pay off some of my credit cards. I have enough money to and would like pay off the card with the highest interest, balance, and balnce to credit ratio (Wickes Citibank), however since Wickes has gone out of business, my concern is that if I pay off thecard Citibank will immediately close it out taking my history (I only have 7 years of history), and available credit with it. I have have asked Citibank in the past if they would change the card over to a normal Citibank card or to a card for one of the retailers that work with that is still in business so I can keep the credit history, but they have said that it isn't possible. Has anyone else had a similar issue? Any advice. My credit cards with balances are as follows:
Bank of America - $120 balance $2500 limit 14.24% APR
Wickes Citibank - $1378 balance $2500 limit 25% APR
Dell Financial Services (computer) - $698 balance $5000 limit 16.24% APR
Wells Fargo - $262 balance $5000 limit 21% APR
My two credit cards are both retail cards with zero balances.
Pay it off and let them close it.
The history will stay on your report for 10 years, so that is not an issue.
Your utilization will be better when it is paid off, so that should should help.
I didn't know that it'd stay on my report for 10 years after being paid off, so that's awesome news. Thanks.
Its a store citibank card.