Credit Cards

[DVH1980]

Slowly, just need to work on my limits and break into 5k territory.

[Razeus]

I guess you can get rid of that USAA Secured AMEX now.

[DVH1980]

I would if I could, USAA makes you open a 2 year CD to secure it.

[tubesock]

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Razeus wrote:

I guess you can get rid of that USAA Secured AMEX now.

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Not if it's going to screw with the AAOA.

[DVH1980]

I dont think it will hurt my AAOA until it falls off in 10 years or so. By then my other cards will have aged enough to offset any type of hit. Its only been open for a year as of this month.

[tubesock]

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DVH1980 wrote:

I dont think it will hurt my AAOA until it falls off in 10 years or so. By then my other cards will have aged enough to offset any type of hit. Its only been open for a year as of this month.

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What about UTL then?

But I guess it doesn't matter since you can't close it yet anyway.

[DVH1980]

The 500.00 should barely affect my utilization, right now my UTL is 13%(didnt make a payment before the staement cut on my USAA Visa card, normally its about 3%). There should be no real negative to closing it. I guess im not in a big hurry to do so since im collecting interest on the CD anyways and building more of a relationship with USAA.

[tubesock]

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DVH1980 wrote:

The 500.00 should barely affect my utilization, right now my UTL is 13%(didnt make a payment before the staement cut on my USAA Visa card, normally its about 3%). There should be no real negative to closing it. I guess im not in a big hurry to do so since im collecting interest on the CD anyways and building more of a relationship with USAA.

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Right and Building positive relationships with our creditors is very important. 

[Razeus]

Unless it's Capital One.

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tubesock wrote:

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DVH1980 wrote:

The 500.00 should barely affect my utilization, right now my UTL is 13%(didnt make a payment before the staement cut on my USAA Visa card, normally its about 3%). There should be no real negative to closing it. I guess im not in a big hurry to do so since im collecting interest on the CD anyways and building more of a relationship with USAA.

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Right and Building positive relationships with our creditors is very important. 

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[tubesock]

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Razeus wrote:

Unless it's Capital One.

RIGHT!!!