topic Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year? in Credit Cards

Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Anonymous — Mon, 14 Jan 2019 22:20:24 GMT

Any advantage to letting it report the full 12 months? Or should I just close the dang thing? Absolutely not keeping it another year - just wasn't sure if I should let it report the full 12 months first and then cancel. I'm thinking it really doesn't matter??

This is my first revolver and my oldest. LOL

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Pikaboo-icu — Mon, 14 Jan 2019 23:25:35 GMT

@Anonymous wrote:
Any advantage to letting it report the full 12 months? NOPE
Or should I just close the dang thing? YEP
Absolutely not keeping it another year - just wasn't sure if I should let it report the full 12 months first and then cancel. I'm thinking it really doesn't matter?? EXACTLY

This is my first revolver and my oldest. LOL

Can't understand why you haven't closed it long before this.

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Anonymous — Mon, 14 Jan 2019 23:38:51 GMT

Milking that annual fee I had to cough up in exchange for postive payment history! LOL

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

calyx — Tue, 15 Jan 2019 00:34:13 GMT

@Anonymous wrote:
Milking that annual fee I had to cough up in exchange for postive payment history! LOL

If I were you'd I'd close it at month 11 (like I had planned on doing).

I might keep mine an extra year, but that's only because they somehow messed up my billing and I have a $34 credit in there - even after calling them to correct it.... I figure $1 is worth the extra year of positive reporting.

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

jdbkiang — Tue, 15 Jan 2019 01:16:29 GMT

@calyx wrote:
@Anonymous wrote:
Milking that annual fee I had to cough up in exchange for postive payment history! LOL
If I were you'd I'd close it at month 11 (like I had planned on doing).

I might keep mine an extra year, but that's only because they somehow messed up my billing and I have a $34 credit in there - even after calling them to correct it.... I figure $1 is worth the extra year of positive reporting.

Can't you just ask them to send you a check in the amount of credit you have?

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

HeavenOhio — Tue, 15 Jan 2019 01:51:45 GMT

Close it. It's not like you're trying to protect your ability to earn future sign-up bonuses from them.

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Anonymous — Tue, 15 Jan 2019 02:03:45 GMT

HO, I literally read your message - called them and canceled. You also got me fired up enough to eat the annual fee I paid to Green Dot in October and canceled that too! hahahaha!

SOOOO tempted to squash this trash Cap 1 Plat that is going nowhere as well! But that triple HP with $0 annual fee and only $50 deposit has me thinking if I should....what do you think?

I did thank Open Sky - they gave me a chance when no one else would! Never had an issue! Solid company

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

HeavenOhio — Tue, 15 Jan 2019 02:26:14 GMT

Capital One is a "good" bank. You can go either way with that card. I assume that you have plenty of other cards to pick up the slack if you close it.

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Anonymous — Tue, 15 Jan 2019 02:30:43 GMT

Yeah it's the secured version with $200 limit. I also have Discover but it will grow from my research. Since then I've been approved for NFCU, PenFed, USAA (2), BB&T (2) = $13,500 CL

What do you think?

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Remedios — Tue, 15 Jan 2019 02:32:38 GMT

Kill it, Brandon. Off with the old.

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Anonymous — Tue, 15 Jan 2019 02:36:23 GMT

Cap 1 too Remedios???

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

AverageJoesCredit — Tue, 15 Jan 2019 02:39:14 GMT

If the Cap One is secured, yes. If its not that old, you dont need it . Just remember to be strategic with your cards now. Build for the future

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Remedios — Tue, 15 Jan 2019 02:40:06 GMT

I still have my cap 1. I see nothing wrong with keeping it. It's not costing me anything.

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Remedios — Tue, 15 Jan 2019 02:40:32 GMT

Is cap 1 secured?

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Anonymous — Tue, 15 Jan 2019 02:40:52 GMT

Yes secured!

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Remedios — Tue, 15 Jan 2019 03:05:34 GMT

Take your $50.00 and run. Between you and your wife, you guys are set. You have a bunch of new accounts that will age together and cap 1 is not that much older.
I think you are past starter pack at this point

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

Anonymous — Tue, 15 Jan 2019 03:17:09 GMT

Love yall and thank you Remedios! My dang MF family! It's CLOSED!

Re: Open Sky approaching 1 year - any advantage to letting it hit 1 year?

calyx — Tue, 15 Jan 2019 14:47:18 GMT

@jdbkiang wrote:
@calyx wrote:
@Anonymous wrote:
Milking that annual fee I had to cough up in exchange for postive payment history! LOL
If I were you'd I'd close it at month 11 (like I had planned on doing).

I might keep mine an extra year, but that's only because they somehow messed up my billing and I have a $34 credit in there - even after calling them to correct it.... I figure $1 is worth the extra year of positive reporting.
Can't you just ask them to send you a check in the amount of credit you have?

I could - but they've treated me well, so I don't want to take money that's not really "mine" (as it were). I figure another year in the sock drawer is fine by me.