Orchard Bank - to APP or not to APP-I NEED ADVICE!!!!

[Anonymous]

Congrats!  That's a very nice CL for Orchard.

Check out the posts on Orchard CLI's - take very good care of this baby - and look for and ask for CLI's when it's appropriate for you and them (that means later, btw).

Remember to manage these guys online - their website is easy.  And Celebrate!!!! 

[pritchardhallhokie]

Yeah, I was pretty happy with the result too.  Makes me think I should have tried for something a little higher like Cap 1. but I'm not gonna do another hard inquiry today or anytime in the next month or so.  What do you think of my logic?

Thanks!!!!!!!!

[Anonymous]

I think it's time to consider closing one of your FP's.  Strongly recommend that.

Then decide if it's time to consider closing your other FP.

Let your new Orchard age six months.

Make sure you're absolutely on top of PIFing your open account(s).

Then check your AAofA and see if you can manage another card.  (Cap One builder's are not my favorite - but lots of folks like 'em).  If you're inquiry shy, remember that CapOne will pull an inquiry on all three CRA's.

[pritchardhallhokie]

hmmm... Aside from the monthly fees why would I want to drop the FPs?  Or even just one of them?

Will dropping one of the FPs actually INCREASE my AAoA?  Sounds like it would as they're both VERY young (less than a year).

THANKS!!!!!!

[Anonymous]

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@pritchardhallhokie wrote:

hmmm... Aside from the monthly fees why would I want to drop the FPs?  Or even just one of them?

Will dropping one of the FPs actually INCREASE my AAoA?  Sounds like it would as they're both VERY young (less than a year).

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I would drop the FP's due to the exorbitant fees.

AAofA is not affected when you close accounts.  Here's a good read: closing credit cards