@B335is wrote:
I would close it and free up the cash. It served it's purpose and will continue reporting for 10 years.
+1
Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
@Jaylima91 wrote:
It can go either way. I would personally just leave it open and do exactly what you said. Buy a pack a gum every other month and call it a day.
lol. Think the OP was referring to a six pack of beer... not gum.. 
But I agree with the others, close it!
@Glkslngr wrote:
@Jaylima91 wrote:
It can go either way. I would personally just leave it open and do exactly what you said. Buy a pack a gum every other month and call it a day.lol. Think the OP was referring to a six pack of beer... not gum..
But I agree with the others, close it!
LOL, I know what he meant. I suggested a pack of gum because it gets the job done as well
@Anonymous wrote:Applied and approved in Oct of 2012, never missed a payment, keep my util under 20%. $500 limit
This past week I checked my scores and decided to apply for some cards.
Approved for
CapOne QS1 - $3000 limit
Chase Slate - $5700 limit
Penfed Platinum Rewards - $500 limit
Anyhoo, will my scores go down if i close the CapOne secured card or should I just keep it open, buy a six-pack once a month and pay it off every month?
I opened my Cap1secured card in Nov 2012 and closed it in Nov 2013 no regrets. It is never a good idea to loan a financial institution your money interest free. The card has served its purpose... get rid of it and move on.
I plan on closing. My cap 1 secured once it hits a year in April 2015. I say close it.
