topic Re: Closing Priceline Card in Credit Cards

Closing Priceline Card

Anonymous — Tue, 22 Dec 2015 18:22:43 GMT

Good Day,

I recievd a Priceline card back in April for $500. I don't need it at all. I already have 7 other credit card/store cards ranging from $1200-8100. If I close the PL card will that affect my credit rating?

Re: Closing Priceline Card

Anonymous — Tue, 22 Dec 2015 20:16:16 GMT

@Anonymous wrote:
Good Day,

I recievd a Priceline card back in April for $500. I don't need it at all. I already have 7 other credit card/store cards ranging from $1200-8100. If I close the PL card will that affect my credit rating?

Not likely. It would only have an affect if your UTI% is right at a borderline and loss of the credit limit would push you over the line - however UTI% is a snapshot with no memory and can be fixed the next reporting cycle by simply reducing reported balances.

Re: Closing Priceline Card

Anonymous — Tue, 22 Dec 2015 20:26:24 GMT

@Anonymous wrote:
@Anonymous wrote:
Good Day,

I recievd a Priceline card back in April for $500. I don't need it at all. I already have 7 other credit card/store cards ranging from $1200-8100. If I close the PL card will that affect my credit rating?
Not likely. It would only have an affect if your UTI% is right at a borderline and loss of the credit limit would push you over the line - however UTI% is a snapshot with no memory and can be fixed the next reporting cycle by simply reducing reported balances.

Thank you! It shoudl not affect but will definitly doubel check to make sure before closing.

Re: Closing Priceline Card

CreditUnionFan — Fri, 25 Dec 2015 15:59:36 GMT

@Anonymous wrote:
Good Day,

I recievd a Priceline card back in April for $500. I don't need it at all. I already have 7 other credit card/store cards ranging from $1200-8100. If I close the PL card will that affect my credit rating?

Was the Priceline card the older 2% cash back version? If it is, have you tried to ask for CLI?

I applied for the card thinking it was the 2% version, but ended up with the one that is 5% on Name-Your-Own-Price and 1% on everything else. Needless to say, I was disappointed, and would gladly close that version, but if I had the 2% version that's no longer offered, I'd try to preserve it.

With some issuers like Barclays, one way to get a higher limit on the card you want is to apply for a new card, get a drastically higher limit, and then consolidate the limits.

Re: Closing Priceline Card

Anonymous — Fri, 15 Jan 2016 20:03:39 GMT

@CreditUnionFan wrote:
@Anonymous wrote:
Good Day,

I recievd a Priceline card back in April for $500. I don't need it at all. I already have 7 other credit card/store cards ranging from $1200-8100. If I close the PL card will that affect my credit rating?
Was the Priceline card the older 2% cash back version? If it is, have you tried to ask for CLI?

I applied for the card thinking it was the 2% version, but ended up with the one that is 5% on Name-Your-Own-Price and 1% on everything else. Needless to say, I was disappointed, and would gladly close that version, but if I had the 2% version that's no longer offered, I'd try to preserve it.

With some issuers like Barclays, one way to get a higher limit on the card you want is to apply for a new card, get a drastically higher limit, and then consolidate the limits.

Oh gosh. I honestly have no idea if it was 2% I thought I read somewhere they were going away with the card all together so I never put much research into the card. I Apped for it when I when i was coming back from a spontaneous trip. Had no plans to keep it.