New Member
IngyHere
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.

 

Thanks!

 

-- IH