Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
Re: Closing CapOne Secured Card After 2 Years - What Card to Get?
[ Edited ]

First, congrats on the progress you've made.  If I could go back I'd probably have done it with secured cards similar to what you've done. Does Cap1 graduate to unsecured?  You won't lose the history for 10 years if you close, but it'd be nice to not have to open another card to keep a few lines open for credit mix. I would bet it would be very easy to get the AF waived at the very least in the interim. Then you can look at graduating and then PCing to Cash Rewards. That BOA card looks really nice in your stable, so Id think Cap1 would work with you to get a cash rewards in the 2k+ range.



Edit: cap1 always pulls all 3. 

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600