roscoe wrote:
My credit score was 802, after applying for the new card it's 794. Don't know my other ones right now.
My limits are:
Macy's $8,000-0 balance
Capital one $6,000-$600 balance which will be paid off. I always pay the balance when it's due and then I'll cancel this one.
Home depot $4500-0 balance. this is the new card.
Marybeth
This 802 score, is it a FICO score and which CRA? Just curious, nice score! If you pay off the CAP1 I don't see any problems. Just remember closed CC TLs (tradelines) with zero balances do not factor in util% calculations. FYI, for max FICO points it's best to have 1-9% util of total CL (credit limit) on all CCs reporting on your CRs (credit reports). Also, it's common for your FICO scores to get dinged with a new inq and new account especially for folks with
high scores. If you
need a bigger CL then go for it, your score alone should get you the financing required to purchase the Dow Jones Industrial!
