I will be starting myself on a financial cleansing (snowball effect), beginning of the year (not a resolution, more of a after the holiday shopping cleanse) and I am just curious to know what I should do with two of the 3 secured cards I have...
Discover $1000 opened 02/15
Cap One $500 opened 11/15
Wells Fargo $500 opened 02/13
My initial thought was to close both the Cap and Wells get the deposits back and then put that on the Discover card, which I will then use for travel (work), and earn cash back for what ever the promotion is for the moment. I then thought to close the Discover and Cap One because my Wells is easily accessable from my checking account, it would raise the bal from $500 to $2000 (actually either way bal will go to $2000)... no rewards or cash back... and hopefully one day graduate and get all that back? Thoughts???
Thanks in advance!
*** I also have***
First Premier $300
Cap One Platinum $500 in credit steps will increase +$750
Cap One Quicksilver $500 in credit steps will increase +$750
Forgot to add those... thanks again
I am but a work in progress, taking one day at a time, learning to be more patient. In the Garden as of 12/01/15
Equifax 569
Trans Union 607
Experian 588
Goal to be at or over 650
