Credit Card Center Advertiser Disclosure

Posts: 102
Registered: ‎05-14-2007
0 Kudos

Quick Question

[ Edited ]
If you start building credit with sub-prime cards, and cr history is built upon those cards. Won't it hurt you credit score as you move to prime cards and begin closing those sub-prime cards. Because yor oldest account will be with a sub-prime card you are closing.

Message Edited by rudy on 12-16-2007 08:25 PM
Epic Contributor
Posts: 29,450
Registered: ‎10-23-2007
0 Kudos

Re: Quick Question

I personally think that dropping a long term card with 300 cl with a new card with 5k limit... the new card after just 3 months would probably fix any small drop you saw in your credit report.
I'm sure more will way in... but that's my feeling.
Senior Contributor
Posts: 3,432
Registered: ‎08-27-2007
0 Kudos

Re: Quick Question

you keep the history for 10 years, so getting rid of a card that costs you money isn't a bad thing. check the link in fused (one of te mods) siggy.
Posts: 172
Registered: ‎12-12-2007
0 Kudos

Re: Quick Question

I wouldn't worry about it..

If after 10 years, you still needed those crappy subprime cards to hold your credit score up, you have bigger problems.. By then, you should have well established credit.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† 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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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

IMPORTANT INFORMATION: All FICO® Score products made available on 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.