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I think I can only answer your first question and I don't think it matters "how big of a credit line you have for each card". I wouldn't close the card just because of the credit line when you already have a CC with a high credit line.
Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.
@Anonymous wrote:
Also, is it meaningless to do AZEO with zero balance on the two credit cards and keep the balance on a third if the latter is a charge card? I am not sure whether all three would have to be revolvers.
If your aim is AZEO, the balance should be on one of the revolvers, and the charge card should report zero. Most FICO models ignore charge cards in the calculation of utilization. At least one model (a mortgage score) will compute utilization by using the highest balance on the card as your "limit."
@FireMedic1 wrote:Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.
Do you count a low CL bucketed Cap1 card causing high credit utility with an annual fee as a "shark card"?
@Medic981 wrote:
@FireMedic1 wrote:Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.
Do you count a low CL bucketed Cap1 card causing high credit utility with an annual fee as a "shark card"?
I'd say that "shark cards" come from Credit One and the like. The Capital One card is from a "good" bank. The flaw is that it's not a keeper card unless the annual fee is removed.
I can't see the annual fee causing a utilization issue unless utilization is an issue otherwise. A $39 fee on a $200 limit is still under 20%, which is safely in the "reponsible" range.
@Medic981 wrote:
@FireMedic1 wrote:Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.
Do you count a low CL bucketed Cap1 card causing high credit utility with an annual fee as a "shark card"?
Nope. Credit One, Surge Card, Matrix card, Total Visa, Milestone,ect.
@FireMedic1 wrote:
@Medic981 wrote:
@FireMedic1 wrote:Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.
Do you count a low CL bucketed Cap1 card causing high credit utility with an annual fee as a "shark card"?
Nope. Credit One, Surge Card, Matrix card, Total Visa, Milestone,ect.
So you are talking about sub-prime predatory lender cards...