06-10-2010 10:12 PM
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.
06-10-2010 10:48 PM
06-13-2010 07:38 AM
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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