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05-04-2009 10:48 PM
Hi everyone. I need your opinion/advice on my credit cards.
I've just applied and approved on NFCU CashRewards credit card. I had nReward, but I do not like it ay more and I only useing it once a month with $1 purchase to just keep the account active & open. NFCU does not let me convine the two cards. So, I am thinking about to close my pre-new Chase card (it was Wa-Mu Platinum) to improve my score. What do you think?
The credit records used to calculate this factor are listed here.
You currently owe a total of $5,701. (This does not include mortgages.)
On average, your open revolving accounts have a credit limit of $5,783. (This only includes accounts for which the credit limit is reported.)
On average, your accounts were opened 4 years and 5 months ago. (This only includes accounts for which the date opened is reported.)
Name Age Balance Limit
Student Loan 4 yrs 9 mo $4824
Chase (Freedom) 2 yrs 8 mo $836 $6000
Citi (Driver's Edge) 1 yr 4 mo $41 $8600
Discover (More) 1 yr 4 mo $2500
Chase (Starbucks Duetto) ? $8600
NFCU (nReward) ? $5000
Chase (Wa-Mu Platinum) 3 mo $6000
Citi Financial Retail 2 mo $4000
NFCU (cash Rewards) NEW $3000
NFCU 5 yrs 2 mo
NFCU 8 yrs 9 mo
NFCU 9 yrs 7 mo
Sam's Club 9 yrs 1 mo
Citi (Platinum Select) 3 yrs 9 mo
05-04-2009 11:55 PM
05-05-2009 03:47 AM
05-05-2009 05:30 PM - edited 05-05-2009 05:32 PM
Thanks guys for your response!
Yes, I've gone long time. I've been working 7 days/wk for over 13 months now, and I am tired.
Anyway, I asked this question because I was not sure what is the best. Chase removed WaMu Platinum PFICO score benefit. That's not nice. So, I start to thinking why should I keep this card. I remember somebody commented say keep the account open for at least a year before close it. I see, it is better to keep it open and active.
How about combine this Chase Master (Wa-Mu) to Chase Freedom? I'm not sure Chase will let me do this or not. Is this still the same as closing the account?
You are right hauling ... that report is from Citi Identity Monitor and I'm not counting on their scores.
I still have Amex Blue but they are not reporting. The CL is $8000 and I'm using this card for only once a month with $1 purchase ... same as NFCU nRewards and Chase Master (Wa-Mu) to just keep it in active and open.
I did not plan to have this many of CCs in 5 yrs, it just happened. So far I am lucky enough to keep the all of my CCs and none of my CCs CL has decreased nor closed by the CCC/Bank. I hope it will not happen to me.
05-05-2009 05:39 PM
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