Tempted to close discover card...

mariasoccermom11 · ‎04-02-2014

I had discover since 2008 and the credit line never moves im really considering closing it. I rarely use it. Do you think it will hurt?

-Wade- · ‎04-02-2014

@mariasoccermom11 wrote:
I had discover since 2008 and the credit line never moves im really considering closing it. I rarely use it. Do you think it will hurt?

With all the credit you got !!!! i would go ahead and close it.... NO it will not hurt

"Garden Club Member " Old user name newportguy*** Current Score: myFico EQ - 830 (07/16/2015) Discover TU Fico - 833 (09/03/2016) EX Fico - 839 ( 09/01/2016 ) ******* Amex - BCP 11.5K * Discover - IT 43.5 K * U.S. Bank Cash + Visa Signature 15.3 K * PenFed - Cash Rewards 15K *PenFed Power Cash 19K ** Amex - GDSM 10K ******FICO 800 Club Member ******* EQ 830 *** TU 833 *** EX 839 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 840's Scores ******

mariasoccermom11 · ‎04-02-2014

I really dont have much LOL... A lot is joint and two are AU

-Wade- · ‎04-02-2014

@mariasoccermom11 wrote:
I really dont have much LOL... A lot is joint and two are AU

It still won't hurt you to close it

"Garden Club Member " Old user name newportguy*** Current Score: myFico EQ - 830 (07/16/2015) Discover TU Fico - 833 (09/03/2016) EX Fico - 839 ( 09/01/2016 ) ******* Amex - BCP 11.5K * Discover - IT 43.5 K * U.S. Bank Cash + Visa Signature 15.3 K * PenFed - Cash Rewards 15K *PenFed Power Cash 19K ** Amex - GDSM 10K ******FICO 800 Club Member ******* EQ 830 *** TU 833 *** EX 839 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 840's Scores ******

B335is · ‎04-02-2014

I doubt it's holding you back, but it probably doesn't matter either way if you close it or leave open.

Honestly I don't know what I would spend up to $1500 on home improvement this quarter....most annoying category lol.

mariasoccermom11 · ‎04-02-2014

@B335is wrote:
I doubt it's holding you back, but it probably doesn't matter either way if you close it or leave open.

Honestly I don't know what I would spend up to $1500 on home improvement this quarter....most annoying category lol.

I am remolding my bathroom, so say i use this card with my contractor i get 1% back??

axledobe · ‎04-02-2014

Do you need more credit or just want more because of your other limits? I don't think I would close one of the better cards out there because of a 15k limit. They do have some nice rotatong categories and their customer service, second to none. Just my opinion. YMMV.

FICO SCORES: TU 769; EX 790; EQ 790 ***Gardening indefinitely***

B335is · ‎04-02-2014

@mariasoccermom11 wrote:
@B335is wrote:
I doubt it's holding you back, but it probably doesn't matter either way if you close it or leave open.

Honestly I don't know what I would spend up to $1500 on home improvement this quarter....most annoying category lol.
I am remolding my bathroom, so say i use this card with my contractor i get 1% back??

Hmm, not sure, it depends how your contractor codes the transaction I guess. If it qualifies it's 5% back after you enroll online.

mariasoccermom11 · ‎04-02-2014

wow I never knew the discover it had 5% cash back!!... My stove is on the frits!! and its wolf!! they said it will last a lifetime yeah right!! LOL My friend ownS a appliance store I wonder if I would get 5% cash back I would get about $600.00 back!!!

B335is · ‎04-02-2014

@mariasoccermom11 wrote:
wow I never knew the discover it had 5% cash back!!... My stove is on the frits!! and its wolf!! they said it will last a lifetime yeah right!! LOL My friend ownS a appliance store I wonder if I would get 5% cash back I would get about $600.00 back!!!

LOL, yes Discover it has quarterly 5% bonus categories!! For home improvement it's capped on $1500 worth of purchases