topic Should I get rid of 2 toxic cards? in Credit Cards

Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:13:16 GMT

I am working on rebuilding. Should i payoff and close credit one and 1st premier?

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:14:15 GMT

If you have at least two other credit cards, yes. Kill them with fire.

Re: Should I get rid of 2 toxic cards?

FinStar — Tue, 10 Mar 2015 00:14:33 GMT

What other tradelines do you have besides those two?

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:17:31 GMT

Navy Fed Card 6 k limit, Chase Auto loan 13k balance was 18k, 2 Capital one cards, a jewlery account loan almost paid off, a few other loans paid off. A few recently paid collections

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:17:39 GMT

What is your current score?

Re: Should I get rid of 2 toxic cards?

Ups77 — Tue, 10 Mar 2015 00:18:43 GMT

I would get rid of one of them

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:19:28 GMT

590 transunion, 594 Equifax, and 621 Experian

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:19:39 GMT

@Anonymous wrote:
Navy Fed Card 6 k limit, Chase Auto loan 13k balance was 18k, 2 Capital one cards, a jewlery account loan almost paid off, a few other loans paid off. A few recently paid collections

You've got other stuff, so you have outgrown those other cards. Get rid of them before they charge you any more fees!

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:21:40 GMT

@Anonymous wrote:
Navy Fed Card 6 k limit, Chase Auto loan 13k balance was 18k, 2 Capital one cards, a jewlery account loan almost paid off, a few other loans paid off. A few recently paid collections

Oh yes, well in that case, burn them in effigy.

Re: Should I get rid of 2 toxic cards?

SunriseEarth — Tue, 10 Mar 2015 00:22:48 GMT

@Anonymous wrote:
I am working on rebuilding. Should i payoff and close credit one and 1st premier?

If I were you, I'd close FP and call CreditOne and tell them you're considering closing the CC since you don't like the AF. They may waive the AF for 6 months. If so, then SD the card, keep working on your baddies so you can get better products and close before the AF hits again.

Re: Should I get rid of 2 toxic cards?

ScarletFever — Tue, 10 Mar 2015 00:29:32 GMT

Close them now. You have NFCU, and can see score improvements by paying down balances. How old and which is oldest account?

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:30:16 GMT

the 1st premeir is the oldest

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:32:43 GMT

You have cards that have a grace period and don't have rediculous fees. Yes, close those two cards immediately.

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 00:47:06 GMT

Will pay them 0 the close them

Re: Should I get rid of 2 toxic cards?

erdoganog — Tue, 10 Mar 2015 00:56:40 GMT

i agree kill it with fire

Re: Should I get rid of 2 toxic cards?

ScarletFever — Tue, 10 Mar 2015 00:58:03 GMT

@Anonymous wrote:
the 1st premeir is the oldest
Aaaaah. Close it anyway. Not worth it. History remains-for better or worse.

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 01:00:27 GMT

@Anonymous wrote:
I am working on rebuilding. Should i payoff and close credit one and 1st premier?

Yes times 1,000,000,000,000,000

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 01:22:13 GMT

If you have other tradelines yes exterminate them !

Re: Should I get rid of 2 toxic cards?

Anonymous — Tue, 10 Mar 2015 01:22:19 GMT

If you have other tradelines yes exterminate them

Re: Should I get rid of 2 toxic cards?

DantGwyrdd — Tue, 10 Mar 2015 01:46:02 GMT

With the other cards you have, I'd pay off those two and close them. I'd personally not bother having the AF waived if for nothing then for the fact I'd probably either forget it's waived temporarily or keep thinking about it so I don't forget to do it (but hey, that's just me) plus, they'll still stick around for a while on your credit report anyway as (closed) positive tradelines and by the time they drop, the 6-12 extra months they'd stay on there (for having the AF waived) is probably not going to end up being a major benefit. I also doubt your CL with them is substantial enough to warrant keeping them for util. purposes (esp. considering your Navy limit).

tl;dr version: Kill them with the fire of a thousand suns.