topic First progress credit card in Credit Cards

First progress credit card

razzy116 — Tue, 18 Aug 2020 14:32:49 GMT

I have a First progress secured credit card that i putt a $200.00 deposit that i want to close, i have Amex Delta Gold card $1000.00 credit limit, Capitalone Quicksilver $500.00 credit limit hoping to get an increase in sept, Merrick credit card $1000.00 credit limit, Target credit card $500.00 credit limit, Bank of America credit card $500.00 credit limit, do you think i should close the First progress credit card? Thank you and be safe.

Re: First progress credit card

Red1Blue — Tue, 18 Aug 2020 14:44:45 GMT

If you paid annual fees, I would wait until you use that benefit. Or call them and see if they would refund unused AF. If not keep it open until the renewal for AF and then close it. You'll add few months of active account to your report.

Re: First progress credit card

wasCB14 — Tue, 18 Aug 2020 14:54:56 GMT

@Red1Blue wrote:
If you paid annual fees, I would wait until you use that benefit. Or call them and see if they would refund unused AF. If not keep it open until the renewal for AF and then close it. You'll add few months of active account to your report.

"To the extent not prohibited by law the Annual Fee is non-refundable except if we close your Account for a reason other than at your request and other than for your Default, in which case you will be entitled to a pro-rata refund of the portion of your Annual Fee which corresponds to the remaining portion of the annual period for which the Annual Fee was imposed. Your payment of the Annual Fee does not affect our right to close your Account or to limit your ability to make transactions on your Account.*"

OP, I'd still close it. You have a few good cards in place and $200 of total CL isn't a big share of the total.

Re: First progress credit card

SecretAzure — Tue, 18 Aug 2020 14:57:30 GMT

@wasCB14 wrote:
@Red1Blue wrote:
If you paid annual fees, I would wait until you use that benefit. Or call them and see if they would refund unused AF. If not keep it open until the renewal for AF and then close it. You'll add few months of active account to your report.
"To the extent not prohibited by law the Annual Fee is non-refundable except if we close your Account for a reason other than at your request and other than for your Default, in which case you will be entitled to a pro-rata refund of the portion of your Annual Fee which corresponds to the remaining portion of the annual period for which the Annual Fee was imposed. Your payment of the Annual Fee does not affect our right to close your Account or to limit your ability to make transactions on your Account.*"

OP, I'd still close it. You have a few good cards in place and $200 of total CL isn't a big share of the total.

This^

I started in the beginning, "Oh no, never close an account with a thin and new profile" but ended with "but you already have 5 other cards, TRASH THAT SECURED CARD!"

Re: First progress credit card

Anonymous — Tue, 18 Aug 2020 17:28:51 GMT

i am also thinking of closing this card. thank you.

@razzy116 wrote:
I have a First progress secured credit card that i putt a $200.00 deposit that i want to close, i have Amex Delta Gold card $1000.00 credit limit, Capitalone Quicksilver $500.00 credit limit hoping to get an increase in sept, Merrick credit card $1000.00 credit limit, Target credit card $500.00 credit limit, Bank of America credit card $500.00 credit limit, do you think i should close the First progress credit card? Thank you and be safe.

Re: First progress credit card

AverageJoesCredit — Wed, 19 Aug 2020 02:46:56 GMT

Yes, you have at

@razzy116 wrote:
I have a First progress secured credit card that i putt a $200.00 deposit that i want to close, i have Amex Delta Gold card $1000.00 credit limit, Capitalone Quicksilver $500.00 credit limit hoping to get an increase in sept, Merrick credit card $1000.00 credit limit, Target credit card $500.00 credit limit, Bank of America credit card $500.00 credit limit, do you think i should close the First progress credit card? Thank you and be safe.

yes you have at least 3 prime cards now. You dont need this card

Re: First progress credit card

razzy116 — Wed, 19 Aug 2020 18:26:58 GMT

Closed the First progress secured credit card on 8/19/20, getting the $200.00 plus interest back. Thank you every one for your advice. Thank you and be safe.