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Established Contributor
Posts: 566
Registered: ‎07-28-2008
0

Do I close any of these before small app spree?

Hi Gang,

 

Below is a basic snapshot of my accounts.  I'm looking to apply for a QUALITY card soon (Discover, Chase) and I want to know if I should close any accounts before doing so.  The only card I'm using now is my Amex green card.  Most of my other accounts carry a $0 balance except for the first 3 accounts, which will also be paid off shortly.

 

Amex - Card used the most - opened 8/1/2008

BOA - $5,560.94 - opened 9/1/2008
BOA - $938.82 - opened 4/1/2006

 HSBC - $3,986.82 - opened 5/1/2006
CAP ONE - $0 - opened 8/1/2005
CAP ONE - $0 - opened 5/1/2008
LEXUS - $0 - opened 11/1/2008

HSBC - $0 - opened 6/1/2003 -- OLDEST ACCOUNT
EXPRESS - $0 - opened 11/1/2009
MACYS - $0 - opened 10/28/2009
DELL - $0 - opened 8/1/2007
JUNIPER - $0 - opened 2/1/2007
HOUSEHOLD - $0 - opened 1/1/2005

VALERO - $0 - opened 4/1/2008

 

Advice is appreciated.

 

Thanks,

 

UM

786 FICO Score as of June 2016

Regular Contributor
Posts: 117
Registered: ‎05-12-2010
0

Re: Do I close any of these before small app spree?

Try combining the capital one cards maybe?

Established Contributor
Posts: 566
Registered: ‎07-28-2008
0

Re: Do I close any of these before small app spree?

[ Edited ]

Hi Asteroid,

 

I already tried but Cap One no longer combines accounts or at least this is what I was told!

 

UM

786 FICO Score as of June 2016

Valued Contributor
Posts: 1,278
Registered: ‎06-01-2007
0

Re: Do I close any of these before small app spree?

I would close anything with a small cl or cards you aren't using at all, or think you may never use in the future. Are you looking for a big cl card?
Try not to become a man of success but rather to become a man of value
Albert Einstein 1879 - 1955

700 Club
Valued Contributor
Posts: 1,986
Registered: ‎08-17-2007
0

Re: Do I close any of these before small app spree?

you have 3 HSBC accts.  Is one of them a car loan?

You don't list credit limits or scores, etc.  Two BofA

accounts,  two  CAP ONE's??????? 

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Established Contributor
Posts: 691
Registered: ‎04-05-2008
0

Re: Do I close any of these before small app spree?

You have fourteen revolving accounts, three of which are QUALITY cards.  Do you need any more CCs?  I personally wouldn't close any or apply for any new CCs with that many open accounts.  But that's just me.


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