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Opening a card and immediately closing it.

Established Contributor

Opening a card and immediately closing it.

What effect does this have on my credit score.

 

I opened a Staples card, will Citi PC it to another card, I don't think they would, but I guess I need someone else's input.

Amex BCE $10,000 | BofA Power Rewards WMC $10,000 | Discover It $10,000 | ICBC Preferred Gold UnionPay $8,000 | Local CU Visa $3,500
5 REPLIES
Valued Contributor

Re: Opening a card and immediately closing it.

The damage is done. Keep it open for a year. It's already hit or will hit your AAoA and inquiry hit for HP. Also, you will have better luck pcing the card once it has some history and you have established repayments with Citi


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
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Valued Contributor

Re: Opening a card and immediately closing it.

there's a staples card? 

 

edit: WOW 27.99 apr. i would not leave a balance on that bad boy. 

 

since there is no af keep it. then let it close for in activity if you dont use it. 

 

what limit did you get? 

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Over 12 Months:9


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Established Contributor

Re: Opening a card and immediately closing it.


creditnocash wrote:

there's a staples card? 

 

 


Yea Staples in-store credit, issued by Citi.

Amex BCE $10,000 | BofA Power Rewards WMC $10,000 | Discover It $10,000 | ICBC Preferred Gold UnionPay $8,000 | Local CU Visa $3,500
Established Contributor

Re: Opening a card and immediately closing it.

Limit is $651, what an odd limit.

Amex BCE $10,000 | BofA Power Rewards WMC $10,000 | Discover It $10,000 | ICBC Preferred Gold UnionPay $8,000 | Local CU Visa $3,500
Valued Contributor

Re: Opening a card and immediately closing it.


ilovelisa wrote:

Limit is $651, what an odd limit.


Yea no kidding....like what is the $1 for?  Smiley Surprised


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