Posts: 98
Registered: ‎08-09-2007
Re: Should I close these cards.....struggling to understand utilization...PLEASE help???



I am getting the feeling I need to close the Credit One account. I have paying that fee which actually doubled since I got the card two years ago. It went from $59/yr to $99/year plus min. $1 int per mth so I have no problem saying bye bye. 


I have several other cards which I did not mention as I don't owe balances on them. I have about $5000 avail credit lines and only owe $1516 to Navy Fed. 


What about closing the secured NFCU account and applying that $500 to the balance owed on the larger account. Shoul I do that or not??