New Member
Posts: 3
Registered: ‎08-29-2009
Closing Small Orchard/Capital One Card -- Impact?

Hello MyFICO Gurus:


Will closing one of those crummy little Orchard Bank Cards with a limit of $400 or $500 have any impact whatsoever on my credit score. I only have two other cards, but they have significantly higher limits in the $5k range.


It's a horrible card -- they historically refused CL increases, charge $75 annually as a fee and only provide customer service as a vehicle to hard sell you credit insurance. That's why I want to close it.




-- IH

Senior Contributor
Posts: 3,067
Registered: ‎11-02-2009
Re: Closing Small Orchard/Capital One Card -- Impact?

Read the sticky thread on Closing Credit Cards in the credit card forum:


Closing the card will have no immediate affect on your score except to the extent it changes your utilization.

Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720

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Valued Contributor
Posts: 1,114
Registered: ‎07-17-2012
Re: Closing Small Orchard/Capital One Card -- Impact?

I have a $300.00 Cap1 secured card that will probably get the ax. I'm not going to put anymore $ into the account and one CLI on another account will offset the amount of this one for utilization. Won't have any issues.

EX - 684 (MyFICO 3/05/15) TU - 680 (MyFICO 5/06/15 ) EQ 04 - 712 (DCU -3/27/15) EQ 08 - 686 (MyFICO -3/05/15)