topic Re: Need Advice on closing Capital One Secured & Credit One in Credit Cards

Need Advice on closing Capital One Secured & Credit One

luckydiva95 — Thu, 24 Mar 2022 15:52:08 GMT

I'm considering closing my Capital One Secured and Credit One. I tried calling Capital One to see if I could convert it to a different card and it's not eligible. I opened it when I started to rebuild my credit profile. Credit One is my oldest credit card and I don't use it very much, it's a sub prime card. My scores are in great shape and I don't want them to drop because of closing these cards. I'll take any advice on keeping them or closing them?

Re: Need Advice on closing Capital One Secured & Credit One

gdale6 — Thu, 24 Mar 2022 16:12:55 GMT

If you utilization is in order and you dont need their CL boost then by all means close them. Closed accounts remain on file for up to 10 years.

Re: Need Advice on closing Capital One Secured & Credit One

dragontears — Thu, 24 Mar 2022 16:24:39 GMT

@gdale6 wrote:
If you utilization is in order and you dont need their CL boost then by all means close them. Closed accounts remain on file for up to 10 years.

Re: Need Advice on closing Capital One Secured & Credit One

OmarGB9 — Thu, 24 Mar 2022 23:21:22 GMT

@gdale6 wrote:
If you utilization is in order and you dont need their CL boost then by all means close them. Closed accounts remain on file for up to 10 years.

+100

Re: Need Advice on closing Capital One Secured & Credit One

pinkandgrey — Fri, 25 Mar 2022 11:56:38 GMT

I'll jump on this bandwagon. Close away! Good luck and congrats on boosting your credit!