Re: Should I close these cards.....
struggling to understand utilizatio n...PLEASE help???
03-07-2012 05:43 AM
Your score might take a slight hit if you close the account. It will lower your AAoA and raise your utilization as well.
However, I'm not sure that "protecting" your score is worth $9.25 a month.
If you do close the account, and your score DOES drop, it won't be for long.
You now have a couple of "real" credit cards...
I'd close it, save the fees, and don't look back. JMHO.
Current Scores: EX 694 (FCR) TU08: 650 Wally. 12/10/14
Last app 05/29/2014.
Being held hostage in the garden until 06 January 2015!
Zero percent financing is where the devil lives...