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Should I close my secured card?

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Anonymous
Not applicable

Should I close my secured card?

I have a Capital One secured for just about a year now. The AF just posted and I stupidly didn't close the account before. The credit limit is $650 with $250 of it being my own money. In January I was able to get a Platinum (PC to QS1) for $500 and the same day a QS1 also for $500. I have a charge off with BOA so I applied for a secured $300 card to get in again with them. I also have a Discover it chrome secured for $200 that I got this year. So I was thinking, close the Capital One secured and use the $250 to increase Discover limit once they let that feature happen in May. Good move? Thank you I'm obsessed with this forum!
Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Should I close my secured card?

Oh also was able to get $100 CLI on both Capital One cards about a month ago, they are in credit steps.
Message 2 of 5
gdale6
Moderator Emeritus

Re: Should I close my secured card?

Close it at right before the next AF posts.

Message 3 of 5
Anonymous
Not applicable

Re: Should I close my secured card?

I agree!  Then your other cards will have a chance to age. Smiley Wink

Message 4 of 5
Anonymous
Not applicable

Re: Should I close my secured card?

Awesome. I will do that. Thanks for the advice!
Message 5 of 5
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