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Regular Contributor
ilovelisa
Posts: 234
Registered: ‎12-07-2012

Opening a card and immediately closing it.

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‎01-12-2013 05:06 PM

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.

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Valued Contributor
Duncanrr
Posts: 2,500
Registered: ‎06-08-2012

Re: Opening a card and immediately closing it.

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‎01-12-2013 05:08 PM

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 678 TU 702 (Amex pull) EX 724 (Amex) CK 682 (FAKO-EX 684, EQ 684, TU 684)
Goal Score: 750
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Valued Contributor
creditnocash
Posts: 1,922
Registered: ‎07-23-2012

Re: Opening a card and immediately closing it.

[ Edited ]
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‎01-12-2013 05:09 PM - edited ‎01-12-2013 05:12 PM

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? 

Current: EQ FICO 690, TU FICO 692, Walmart TU 737 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: $21,600

Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012


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Regular Contributor
ilovelisa
Posts: 234
Registered: ‎12-07-2012

Re: Opening a card and immediately closing it.

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‎01-12-2013 05:11 PM

creditnocash wrote:

there's a staples card? 

 

 

Yea Staples in-store credit, issued by Citi.

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Regular Contributor
ilovelisa
Posts: 234
Registered: ‎12-07-2012

Re: Opening a card and immediately closing it.

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‎01-12-2013 05:13 PM

Limit is $651, what an odd limit.

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Valued Contributor
Rhaeny
Posts: 1,109
Registered: ‎07-24-2011

Re: Opening a card and immediately closing it.

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‎01-12-2013 05:16 PM

ilovelisa wrote:

Limit is $651, what an odd limit.

Yea no kidding....like what is the $1 for?  :smileysurprised:


Starting Scores: EX 722 (USAA), TU 637 (Walmart), EQ 706 (myFico)
April Scores: EX 722 (USAA), TU 669 (Walmart), EQ 705 (DCU)
Goal Scores: 750 across the board
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