Frequent Contributor
Posts: 312
Registered: ‎09-06-2011
Re: Should I close these cards.....struggling to understand utilization...PLEASE help???

+1 Clocktick!


Closing Credit Cards does not affect AAOA because the tradeline will still be there for 10 years. Only thing affected is utilization, however it looks like you manage your cards decently and got another $500 prime card. Close that sucker it really worth keeping it open for $120 a year..I will be closing mine out before the year hits as it helped me rebuild and I paid annual fee upfront and my monthly fees won't start until Nov 2012

NFCU Visa Sig $30k / Amex Blue Cash $25.5k / Fidelity Amex $25k / Chase Freedom $14.5k / Citi Double Cash $5k / Capital One Quicksilver Visa Sig $5k / Citi Best Buy MC $3K / Barclay Rewards MC $2.95k / BOA - BBR $2.5k / SY Lowes $15k / SY Amazon $6k / Target RedCard - $300