topic Re: Capital One CC since 2008, $500 credit limit in Credit Cards

Capital One CC since 2008, $500 credit limit

Anonymous — Thu, 18 Apr 2013 17:53:08 GMT

I am debating if I should close this account or not. I never use it and there are no benefits if I use it. Its a 500 limit open for 5 years. If I pay it off and close it, will this negative ding on my FICO or no that bad?

Re: Capital One CC since 2008, $500 credit limit

a3quit4s — Thu, 18 Apr 2013 17:55:46 GMT

Depending on what other cards you have and how long you have had them for that could crush your annual age of accounts

which is bad

Re: Capital One CC since 2008, $500 credit limit

09Lexie — Thu, 18 Apr 2013 17:56:09 GMT

Have you tried emailing the EO?

Re: Capital One CC since 2008, $500 credit limit

myjourney — Thu, 18 Apr 2013 17:56:48 GMT

I would try the EO route first then make an decision.

PM sent

Re: Capital One CC since 2008, $500 credit limit

09Lexie — Thu, 18 Apr 2013 17:59:31 GMT

@a3quit4s wrote:

'Depending on what other cards you have and how long you have had them for that could crush your annual age of accounts'

Sorry,that's not accurate. OPs AAOA will only be affected once the closed card drops off the CR's. AAOA or average age of accounts is an average of all accounts (open and closed) as long as they are on the cr.

Re: Capital One CC since 2008, $500 credit limit

Anonymous — Thu, 18 Apr 2013 17:59:35 GMT

What is the EO?

Re: Capital One CC since 2008, $500 credit limit

Anonymous — Thu, 18 Apr 2013 18:00:35 GMT

I had opened a BOFA CC with the same AGE and CL. I guess it won't hurt if I keep it open and leave it at a 0 balance in my wallet right...?

Re: Capital One CC since 2008, $500 credit limit

myjourney — Thu, 18 Apr 2013 18:00:48 GMT

EO= executive office

Re: Capital One CC since 2008, $500 credit limit

09Lexie — Thu, 18 Apr 2013 18:01:28 GMT

Executive office many have expressed recent success with contacting them and explaining what you want ie AF waived, APR reduction, PC and/or CLI.

Myjourney...you are typing fast this morning!

Re: Capital One CC since 2008, $500 credit limit

tattooedhusker — Thu, 18 Apr 2013 18:00:56 GMT

@Anonymous wrote:
What is the EO?

Executive Office.

Re: Capital One CC since 2008, $500 credit limit

p- — Thu, 18 Apr 2013 18:04:14 GMT

EO info here:

http://ficoforums.myfico.com/t5/Credit-Cards/How-to-get-a-PC-or-CLI-from-Capital-One/td-p/1690104