Valued Contributor
tcbofade
Posts: 2,541
Registered: ‎09-26-2011
Re: Should I close these cards.....struggling to understand utilization...PLEASE help???

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...