Re: Should I close a credit card I just opened?[ Edited ]
11-17-2012 12:07 PM - edited 11-17-2012 12:08 PM
BOFA at least takes the highest daily balance (may be up to the minute even) so there's no need to even let that balance report if you're worried about a near-term application.
This is interesting. You're saying that BofA reports to the credit bureaus the highest daily (or minute-ly) balance as the highest balance? I've learned something new today!
Anyway, closing a no-annual fee credit card from a prime lender is almost always a bad idea.