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guiness56
Posts: 22,406
Registered: ‎01-17-2008
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Re: To get rid of a credit card or not?

That's an option he has to weigh.  I would wait on closing them until he can get a better card.  The AF is a killer but doing it too soon could hurt by lowering the overall CL thus making utilization rise.

 

Once OP can get a couple of prime I would close them. 

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newportguy
Posts: 351
Registered: ‎11-11-2012
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Re: To get rid of a credit card or not?

[ Edited ]

guiness56 wrote:

That's an option he has to weigh.  I would wait on closing them until he can get a better card.  The AF is a killer but doing it too soon could hurt by lowering the overall CL thus making utilization rise.

 

Once OP can get a couple of prime I would close them. 


I agree !!!! But with the interst rates on these cards i feel he don't carry a  large bal.  ( which won't hurt his utilization )....... He will have to keep it down till he can get a prime card


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Schmuck
Posts: 5
Registered: ‎01-15-2013
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Re: To get rid of a credit card or not?

Thanks newport guy and guiness56 for your help.

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phillyguy12
Posts: 345
Registered: ‎03-16-2011
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Re: To get rid of a credit card or not?

it really depends on what kind of balances you are carrying if next to nothing def close 1st permier if you havent read the thread posted earlier give it a look and just and fyi i just closed my 1st premier and they will try anything to get you to keep it open don't fall for it once you call do not hang up w. out closing and be sure to verify it will be reported as closed by consumer

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