Credit Cards Center Credit cards from our partners
Reply
Community Leader
Senior Contributor
Posts: 4,752
Registered: ‎11-13-2012
0

Re: Need advice about closing Chase card

agree with above posters..I would close it as I do not see a benefit from this card that other cards do not offer Smiley Happy
Move the mouse over the cards for detailed view!
Last app 01/15/2015
Established Contributor
Posts: 985
Registered: ‎09-10-2012
0

Re: Need advice about closing Chase card

Haha, no sentimental reason to keep the card. I've never closed a cc account before so it makes me nervous for some reason....lol    I really want to close the bp, vs and brylane. I will close the bp first. Should I space out the others I am closing? Christmas is coming up and I have a 1500.00 trip I will be running a balance on from dec.- feb.  So should I close bp now and then the others after March?

 

 


FinStar wrote:

snowkitty wrote:

FinStar wrote:

Unfortunately, Chase cannot allocate the CL from a private label product to your mainline CCs, such as the CSP or Freedom.


I didn't even think about that being a private label. My original hopes were for the BP card to be upgraded to the BP Visa but they told me a while back that I would have to apply seperately for the BP Visa. I don't need it that bad.


Correct, you would have to apply for the BP Visa separately - no upgrade.  Sounds like you're still on the fence?  IMO, I would close it - unless there are sentimental reasons you're attached to the $400 and the CC  Smiley Wink




TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Senior Contributor
Posts: 9,260
Registered: ‎10-21-2012
0

Re: Need advice about closing Chase card


snowkitty wrote:

Haha, no sentimental reason to keep the card. I've never closed a cc account before so it makes me nervous for some reason....lol    I really want to close the bp, vs and brylane. I will close the bp first. Should I space out the others I am closing? Christmas is coming up and I have a 1500.00 trip I will be running a balance on from dec.- feb.  So should I close bp now and then the others after March?

 

 


FinStar wrote:

snowkitty wrote:

FinStar wrote:

Unfortunately, Chase cannot allocate the CL from a private label product to your mainline CCs, such as the CSP or Freedom.


I didn't even think about that being a private label. My original hopes were for the BP card to be upgraded to the BP Visa but they told me a while back that I would have to apply seperately for the BP Visa. I don't need it that bad.


Correct, you would have to apply for the BP Visa separately - no upgrade.  Sounds like you're still on the fence?  IMO, I would close it - unless there are sentimental reasons you're attached to the $400 and the CC  Smiley Wink





I would close the BP card 1st.  Then, you can evaluate your situation at springtime and prune the other two - perhaps VS if you're not using or reaping the rewards fast enough and then Brylane last.  This will be ultimately up to you of course - weigh the pros and cons.  Ultimately, evaluate utilization factors, age (no AF) or just plain and simple not carry any CCs you no longer need.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.