Orchard Bank Credit Cards Consolidated - Good or Bad?
Yesterday I called Orchard's back door # and asked them to consolidate both my Platinum cards. Both with $300 limits. I chose to keep the card that I had open the longest (6 months longer than the other Orchard card) She rep ended up increasing the limit by $200 on the card I was closing and said the combined cards would now be $800 instead of $600. My question is this, will the closed account affect my scores even though both cards together will have a higher CL than them being separate?
FICO's 03/03/08 EQ 597, EX 581, TU 606 FICO's 04/30/08-EQ 632, EX 620, TU 618 FICO's 06/03/08 EQ 607, EX 591, TU 599