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HiLine
Posts: 3,172
Registered: ‎10-19-2012
Re: Should I close a credit card I just opened?
[ Edited ]

 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.