Recent approval of Discover IT ....should I close ???

amercnchopz34 · ‎10-28-2011

I was just approved for 1000 CL with I Discover It card....I have a HSBC/Cap one Direct rewards Discover with 0 balance ,no fee opened in 2007 Will AAOA take a hit

.....1300 CL...so utlity wise wont hurt but I don need all these cards that I will never use...it was a rebuilder..

I know that my score will take a hit when new accounts hit but in the garden so does not really matter...

thanks

Amex Green (NPSL) , Amex Delta Gold ( 6500) Amex BCP (2000) Amazon store (5000) Capitol One (5000) Barclay NFL Bears (5000) Alliant MC (5000) Fairwinds CU Visa (2500) HHGregg (4000) Discover It (5000) Chase CSP (5000) Best Buy Store Card (4000) Citi Diamond (1200) Citi TY Preffered (2000)

BK 7 in 2005.....

Cadillac-XTS · ‎08-20-2012

Congrats on the cli

Mike360 · ‎03-19-2010

If there is no fee's i don't see any reason to close it.

~~In my wallet: Best Buy $7500, Dell Preferred $5500, Chase Freedom $3500, Barclays NFL Extra Points $3300, Sears $2800, CapOne Platinum $2000, Kohls $1500, Bill Me Later $1015, Target $200

jsucool76 · ‎12-11-2011

Mike360 wrote:
If there is no fee's i don't see any reason to close it.

If it has no AF then I would just SD it and leave it be. If it has an AF, I would cancel it. It won't affect your AAoA as it will continue to report for 10 years from the date of closing.

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart: 1300CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL