cancel
Showing results for 
Search instead for 
Did you mean: 

Would it hurt me if I close my Cap 1 Secured early?

tag
xgac12x
Established Contributor

Would it hurt me if I close my Cap 1 Secured early?

So I have a Cap 1 that has $1500 on it. As you can see in my sig I have another card (the discover) that I only use now because of the rewards. I am in the garden until 12/13 and that is when I am going to apply for my 4 cards I want. Chase Freedom, Amex BCE, Citi Forward, and the Sallie Mae Mastercard. Would closing this credit card early to get my deposit back hurt my chances of getting those cards in December? I was going to close the card anyways when I got my unsecured cards. 

 

Thanks. 

CARDS: CAPONEQUICKSILVERONE - $3,000.00
Message 1 of 6
5 REPLIES 5
myjourney
Super Contributor

Re: Would it hurt me if I close my Cap 1 Secured early?


@xgac12x wrote:

So I have a Cap 1 that has $1500 on it. As you can see in my sig I have another card (the discover) that I only use now because of the rewards. I am in the garden until 12/13 and that is when I am going to apply for my 4 cards I want. Chase Freedom, Amex BCE, Citi Forward, and the Sallie Mae Mastercard. Would closing this credit card early to get my deposit back hurt my chances of getting those cards in December? I was going to close the card anyways when I got my unsecured cards. 

 

Thanks. 


How long has it been open?

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 6
xgac12x
Established Contributor

Re: Would it hurt me if I close my Cap 1 Secured early?

Since June of 13.. Smiley Sad

CARDS: CAPONEQUICKSILVERONE - $3,000.00
Message 3 of 6
creditscoreEE
Frequent Contributor

Re: Would it hurt me if I close my Cap 1 Secured early?

Since you just opened it in June I don't think it will hurt to keep it a little bit longer especially if you want to apply for those cards. Showing good payment history is a plus.
Samsung mobile
Message 4 of 6
twall06
Frequent Contributor

Re: Would it hurt me if I close my Cap 1 Secured early?

I would leave it open until it was time for Af then close it.
Message 5 of 6
xgac12x
Established Contributor

Re: Would it hurt me if I close my Cap 1 Secured early?

Yeah I'm just going to leave it open until I get my other cards.

CARDS: CAPONEQUICKSILVERONE - $3,000.00
Message 6 of 6
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.