Jared and Kay - Sister Companies

[heathuhhhhwebbbb]

It was mostly because Jared has stuff I would like, when Kay is less expensive and I could buy smaller gifts there (mothers day, etc.)

[heathuhhhhwebbbb]

If I close, the CL will all go onto the Jared Card.  I was just thinking that if I closed Kay and the full CL went to Jared, my utlization on the Jared card would improve.

[wallyworld123]

yes you have a limit of 1200 for both cards which they are splitting up on your report its like you have 600 for each i would keep one since you can use at either store.

[Boonie]

This is exactly why I closed my Kays account about a year ago.  I had a $400 limit (split $200 for each of my Jared and Kays account).  I purchased an item for $360 at Jared and it made my account appear to be over the limit.  So I closed Kays and the full limit now reports only on my Jared card.   After I paid it off, I received a CLI $1,100.  Multiple Sterling accounts share your credit limit and balance.   

[heathuhhhhwebbbb]

Did you see improval in your credit scores when the balance was reflected on one card?

[Boonie]

I closed my Kays account right away to avoid it being reported as over my credit limit.  I don't remember it affected my score because I caught it  so early on.