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CreditOne - Activate or Close?

Regular Contributor

Re: CreditOne - Activate or Close?


bernhardtra wrote:

It's not worth the fees!  You could try for a different Capone card, you can have multiple. 


+1

Current: EQ FICO 0, TU FICO 0, EX FICO 0 | Starting Score: 0 (08/21/2013)

Starting total revolving credit: $0 | Current total revolving credit: $1600.00

Inquiries (12 Months): EQ 3-4 TU Unsure EX Unsure | Most Recent: 8/19/2013


2013 Goals:
1,000.00 Emergency Fund
1,000.00 Emergency Fund, AGAIN
Mechanically Sound Car
Unsecured Card

Fifth Third $300
U.S. Bank Harley Davidson $300
Capital One Platinum $500
2nd Capital One Platinum $500


Message 11 of 12
Moderator

Re: CreditOne - Activate or Close?


TMannion87 wrote:

Will my score take a hit if I close the CreditOne card? With a FICO score of 641, are store cards an option for me?


You might want to read the "Closing Cards" sticky thread.   It would reduce your UTIL.  You already have the new account ding and HP hit.

I got all the store cards in my signature with scores below 627.   You may want to try the Shopping Cart Trick if you want a card with no HP. 

 



Start: 619 (TU08, 9/2013) | Current: 802 (TU08, 3/13/18)
AMEX BCE $34000 | Discover IT $27000 | cashRewards VS $25000 | Sam's Club MC $25000 | Marvel MC $25000 | Macy's AMEX $25000 Store $25000 | Care Credit MC $20000 | BofA BBR #1 $19000 | Cap 1 QS WMC $17250 | JCP $15000 | CashForward WMC $14000 | Barclay Rewards WMC $14000 | Citi DC $12600 | Freedom VS $12000 | Disney VS $11500 | Cash 365 AMEX $11000 | Cash+ VS $10500 | WCU Visa $10000 | BoA BBR #2 $10000 | Uber VS $9000 | Blispay $7500 | Amazon VS $7300 | Target MC $5000 | Sony Card $4250 | ~~Gardening Since 4/1/18
Message 12 of 12