Is it ok to close CC's this way?

[_jb_]

Just to add to this, I think the OP was worried about closing them prior to the balance reporting as $0. I believe the CCC will report the card closed with $0 next month when they update the CRA. You should be good to go.

[quarius]

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@_jb_ wrote:

Just to add to this, I think the OP was worried about closing them prior to the balance reporting as $0. I believe the CCC will report the card closed with $0 next month when they update the CRA. You should be good to go.

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Thanks exactly what I was trying to figure out. 

[myjourney]

Never....... ever......... close an account with a balnace...close it after it shows $0 balance

If you close with a balance you will see a Fico scoring ding....

[quarius]

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@myjourney wrote:

Never....... ever......... close an account with a balnace...close it after it shows $0 balance

If you close with a balance you will see a Fico scoring ding....

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Thats what I did. I paid it off to a zero balance, I just didn't wait until it reported. It will show a zero balance when it reports. The reason I did it this way is because my First Premier cards charge monthly fees and i was sick of it.

[toppers555]

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@myjourney wrote:

Never....... ever......... close an account with a balnace...close it after it shows $0 balance

If you close with a balance you will see a Fico scoring ding....

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By balance i believe he is refering to on his CR. Also  with FP they didn't try anything funny when I close my acount with them years ago. Just watch to make sure no fees appear on the account which could go unpaid ,and result in being reported late.

[myjourney]

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@toppers555 wrote:

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@myjourney wrote:

Never....... ever......... close an account with a balnace...close it after it shows $0 balance

If you close with a balance you will see a Fico scoring ding....

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By balance i believe he is refering to on his CR. Also  with FP they didn't try anything funny when I close my acount with them years ago. Just watch to make sure no fees appear on the account which could go unpaid ,and result in being reported late.

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Thanks topper you are correct (CR)