Valued Contributor
jamesdwi
Posts: 1,421
Registered: ‎09-16-2011
Re: CapOne/HSBC cards....

cgreer72 wrote:

Wolf3, I thought that accounts (CC) showing as closed on you CR was not a good thing. I was hoping that the two that were "closed" would just fall off all together.


Closed acconts in good standing is a good thing, its something you want. You need  2-3 open cards in good standing, anything more is over kill. The only thing that closing cards does is reduce your overall credit availible thus can effect your UTL, but if your UTL is low you can close cards.  The best part about closed cards is that you can no longer get lates or chargeoffs, they just sit on your report aging for the next 10 years. 

 

 

Cards: Chase Southwest 20k & CSP 10k & Amtrak 4.6k, & Freedom 3.3k & Slate 3.3k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & AMEX Hilton Surpass 7.5k & AMEX Zync NPSL, Sams Club Discover 10k, Paypal Extras MC 6k, CapOne 2.5k, CapOne 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.