I have a question about transferring balances/closing accounts. . I've been working on rebuilding my credit and went on a little CC application spree BEFORE finding this board and learning about the impact of inquiries on your score. Now I know better....
In the last two months, I received a First Premiere with a $300 CL, an Orchard Bank also with a $300 CL, a Capital One with a $1k CL, and a BOA with a $3000 CL. The BOA is a prime card with 0% APR on transferred balances until Jan. 2008. I haven't used the BOA card yet and have about $330 combined (which includes the big intro fees) on the other three cards ($149 on FP, $200 on Orchard, $70 on Cap1). I plan on paying the combined charges off by the end of August and wondered if I should transfer all balances to the BOA so I'm not so close to my CL on the First Premiere and the Orchard. Also, would it hurt me to close the First Premiere and the Orchard, or should I let them age a bit?
Thanks in advance.
