Closed my Blaze account - right thing to do hmmm

[professorr]

So I have built up my credit, still some issues but I did the Legacy, Blaze, Show, First savings, Credit One route and have had them for 2 years.  But seeing that $75 annual fee for a $350 CL on Blaze just bothered me.  I called and they offered $25 off the fee but said no thank you and asked for a supervisor to see if more could be done.  Same thing, so I asked him to close it and that they'll waive/refund that annual fee (which they do if you close it)  

So with a push of a button he closed it.

So which is more important?  closing it becuae of the annual fee  or keeping it and paying the annuall $75 to improve credit?  (my legacy, show charge $75 too and I'll call to get them reduced.)

[RobertEG]

You still have multiple revolving, and the account will continue to be score in your AAoA (unless they choose to delete their account).

All you have lost is the $350 CL as part of your combined CL, and thus a small effect on % util.

Saving $ trumps, im my book.

[professorr]

yeah, thats how I look at, saving $$ trumps.  I have 2 Capital One, barclays.  I can see paying for the service but only for so long.

[Anonymous]

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@professorr wrote:

yeah, thats how I look at, saving $$ trumps.  I have 2 Capital One, barclays.  I can see paying for the service but only for so long.

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Exactly. Thats why they are called Starter cards, once you get started and get better cards, you close them out.