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Established Contributor
amercnchopz34
Posts: 839
Registered: ‎10-28-2011
0

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

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


Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
0

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

Congrats on the cli

Frequent Contributor
Mike360
Posts: 433
Registered: ‎03-19-2010
0

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

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

~~In my wallet: Best Buy $7500, Dell Preferred $5500, Discover IT $4000, Chase Freedom $3500, Barclays NFL Extra Points $3300, Sears $2800, Bill Me Later $2100, CapOne Platinum $2000, Kohls $1500, Target $200
Senior Contributor
jsucool76
Posts: 3,359
Registered: ‎12-11-2011
0

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


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. 

Established Contributor
migliogiorni
Posts: 657
Registered: ‎06-27-2012
0

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

SD the card and keep it open,  will help AAOA!

 

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
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HiLine
Posts: 2,944
Registered: ‎10-19-2012
0

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

[ Edited ]

I agreed with everything others have said. Never close a no-annual fee credit card except to lower total credit limits. 


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