@Anonymous wrote:
Close the subprime cards. If I were in your shoes I would have it done it yesterday! Those subprime cards will not grow with you and some lenders might hold it against you. I had discover tell me they couldn't approve me because of a low limit secured card, again ymmv.
But you got some nice cards with no annual fees and just keep those. Even closed they won't hurt your score and in 61 days you can request a 3x CLI with Amex and make up for the loss of available credit from the subprime close out
Really?!! They didn't like that, huh? Crazy. I actually forgot about the whole CLI with Amex. That really works, huh? Man that would be great. I'm all about the "No annual fee" thing.
Btw, scores never took a hit with this last spree until the Total Rewards reported 10 days after I received the card. My Utilization was 70%... they caught me off guard with that one :-)
That 3x Amex increase will be something to look forward to. I'd have no problem closing the subprime cards.
