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which card to close first???

Regular Contributor

which card to close first???

In the last few months I have gotten a discover IT card and chase freedom(although a low limit) I have 3 other rebuilding cards all with 0 balance. The are first premier, orchard bank and first national. A couple months ago I applied for an AMEX green card and one of the reasons for denial was doing business with first premier(forget how it was worded) Was wondering which card would be best to close 1st. They def helped me rebuild in a time of need but have no use for them anymore. I appreciatte everyones opinion. Thanks!

Equifax 712 transunion 693experian 673
Chase freedom 500 Chase United explorer 5000 Discover IT 13000 AMEX PRG npsl AMEX BCE 6000 CSP 12000.AMEX ED 15000 Citi Simplicity 7000
Message 1 of 28
27 REPLIES
Established Contributor

Re: which card to close first???

If you need an order:

 

1. First Premier

2. Make sure First Premier is closed with a 0 balance

3. Triple check FP

3. Orchard

4. First National

NFCU CashRewards $13.5k | AMEX BCE $15k | Lowes $17k | Sportsmanss guide $7.6k | Chase Freedom $1k | Discover IT $4.4k |
Walmart $8k | Gordman's $2950
Message 2 of 28
Contributor

Re: which card to close first???

+1

 

 

FICO scores: 790 (EQ) 786 (EX) 796 (TU) |
My Wallet:NFCU CR Visa 24k, AMEX Delta Gd 18k, Walmart Discvr 12k, USAA Plat RA MC 13k, BECU Visa 13k, NFCU NR MC 10k, Sams Discvr 10k, Sportsmans Visa 11.5k, WF Plat Visa 10k, Paypal Extra MC 10k, BofA Fraternity MC 14k, Sams Credit 10k, USAA World MC 9k, Military Star 8.2k |BOA CR 8k |AMEX Evrdy 8k |Lowes 7.3k | Chase Military Star MC 16k, JCPenneys MC 7k, Discover IT 5k , Gymboree Visa 4.5k, Sears MC 4k, TJX MC 3.5k, ToysRUS MC 5k, Chase Amazon Visa 3k, Home Depot 3k, Citibank Simplicity 6.5k, Fred Meyers Visa 2.5k, Target 2k, Kohls 2k, ITunes Visa 5k, Macys 2k, Vystar CU Visa 5k
Message 3 of 28
Moderator Emeritus

Re: which card to close first???

Yes, they've helped you rebuild, but they've finished serving their purpose. Good for you! First Premier should be the first one to go, as they usually charge a monthly fee. Orchard should be able to go, as well. I don't know much about First National, but if it's not serving a useful purpose, then feel free to cut it loose. Congrats on the Discover and Freedom -- those are nice cards. Treat them well and enjoy them.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Message 4 of 28
Established Contributor

Re: which card to close first???

If First National doesn't charge an AF, why not SD it?

NFCU CashRewards $13.5k | AMEX BCE $15k | Lowes $17k | Sportsmanss guide $7.6k | Chase Freedom $1k | Discover IT $4.4k |
Walmart $8k | Gordman's $2950
Message 5 of 28
Regular Contributor

Re: which card to close first???

They do charge an AF. I think I will cut loose FP first then orchard. First national will be last. Couldnt have rebuilt without the help of this board. The journey isnt done yet but I feel like I am on my way. It feels great!!

Equifax 712 transunion 693experian 673
Chase freedom 500 Chase United explorer 5000 Discover IT 13000 AMEX PRG npsl AMEX BCE 6000 CSP 12000.AMEX ED 15000 Citi Simplicity 7000
Message 6 of 28
Established Contributor

Re: which card to close first???


rogersave wrote:

They do charge an AF. I think I will cut loose FP first then orchard. First national will be last. Couldnt have rebuilt without the help of this board. The journey isnt done yet but I feel like I am on my way. It feels great!!


In that case, cut away!



NFCU CashRewards $13.5k | AMEX BCE $15k | Lowes $17k | Sportsmanss guide $7.6k | Chase Freedom $1k | Discover IT $4.4k |
Walmart $8k | Gordman's $2950
Message 7 of 28
Regular Contributor

Re: which card to close first???

CLOSED FIRST PREMIER!!   Geez the guy begged me to keep it. It had a toy limit of 350 offered to raise cl to 550 I said no thanks. He actually mentioned this board lol. Said well if you look on myfico.com utilization is important etc. Then he was like well why dont you close discover, I laughed lol. I just kept repeating I would just like you to close the card please.  Feels great

Equifax 712 transunion 693experian 673
Chase freedom 500 Chase United explorer 5000 Discover IT 13000 AMEX PRG npsl AMEX BCE 6000 CSP 12000.AMEX ED 15000 Citi Simplicity 7000
Message 8 of 28
Regular Contributor

Re: which card to close first???

CLOSED FIRST PREMIER!!   Geez the guy begged me to keep it. It had a toy limit of 350 offered to raise cl to 550 I said no thanks. He actually mentioned this board lol. Said well if you look on myfico utilization is important etc. Then he was like well why dont you close discover, I laughed lol. I just kept repeating I would just like you to close the card please.  Feels great

Equifax 712 transunion 693experian 673
Chase freedom 500 Chase United explorer 5000 Discover IT 13000 AMEX PRG npsl AMEX BCE 6000 CSP 12000.AMEX ED 15000 Citi Simplicity 7000
Message 9 of 28
Regular Contributor

Re: which card to close first???

I sd Orchard after the EO waived the AF instead of closing it. Might be worth a shot.
Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
Message 10 of 28