01-04-2013 10:58 AM
Just curious, anyone know the rationale behind carriers leaving $500 on a closed card and/or consolidating credit lines?
Are you saying that your account shows a $500CL after it has been paid in full and closed ? FICO scoring will ignore the CL if the account is closed & paid.
01-04-2013 04:26 PM
For instance, I cancelled a Chase airline card, but wanted to consolidate the credit line into my CSP. They easily accomodated, but the original card is closed with a CL of $500.
Same thing with Barclay's. Closed a card, and moved a CL to another one. Closed card is closed, but shows a CL of $500.
I was just curious to the rationale behind leaving $500. Just in case I forget to cancel a recurring charge?
01-04-2013 07:08 PM
01-04-2013 09:27 PM