should I close my secured card?

jcstarkey8826 · ‎06-01-2012

I got this PNC secured card in June. Its been a decent card, but Ive been thinking about closing it lately and saving the AF. I use my chase freedom for everything and dont have a use for the secured card. Will it look bad for closing the card after only 4-5 months. I didnt expect my credit to improve so fast and to be able to get other CCs so I had a purpose for the card, but now I am just trying to grow the cards I have.

I know it wont hurt my AAOA, and It isnt helping my util. so would this hurt me?

CO CC- opened 1/12

PNC- 6/12

Chase- 9/12

WM- 9/12

Kays- 8/12

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Store Card 1800 CL, Kay Jewelers 3000 CL

Dustink · ‎10-02-2012

It won't harm you to close it. If that is what you wish to do, it is perfectly okay FICO wise.

Too many INQs & low AAoA so I'm off to tend the Garden. Age:21 EQ: 642 TU: 677 EX: 665

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YahComb · ‎03-10-2012

might as well hang onto it until the next AF comes around and then close it.

guydiver · ‎08-30-2007

You're in that boat where it won't hurt you to close it. Save the AF and take care of your good cards now.

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jcstarkey8826 · ‎06-01-2012

its a monthly billed AF, otherwise id keep it. so its $3 per month. I will close it. Thanks guys, just didnt know if itd look bad to only have it for a few months

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Store Card 1800 CL, Kay Jewelers 3000 CL

YahComb · ‎03-10-2012

monthly? well then close that thing yesterday lol

dude11 · ‎06-07-2011

Close that sucker! No need to pay a monthly fee. If it were annually like most cards then I'd say keep it till it hit 1 year. If you got decent cards now or a better card then close that piece of plastic!

jcstarkey8826 · ‎06-01-2012

CHOPPED!!!!

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Store Card 1800 CL, Kay Jewelers 3000 CL

Cadillac-XTS · ‎08-20-2012

lol

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