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Help! I just applied for a store card about 15 minutes ago, and now have regrets!

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Regular Contributor

Re: Help! I just applied for a store card about 15 minutes ago, and now have regrets!

One other thing, you are worrying about your scores and you are at 2%  utilization and you say it’s going to be  0% when you get paid.   You might need to let something report, 1% at least , to maximize your score. 

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Message 11 of 14
Community Leader
Super Contributor

Re: Help! I just applied for a store card about 15 minutes ago, and now have regrets!


@coreysw12 wrote:

@xaximus wrote:
One thing I would like to point out is to close CreditOne as soon as possible. You already have 3 prime lenders, you don't need a sub-prime lender like Credit1 now.

Doesn't need to be "as soon as possible", just any time before the next annual fee gets charged.  And even then, it only "needs" to be closed if the OP is concerned about paying the annual fee - for some people, it may be worth paying the AF to keep the AAoA higher for a while.


A closed account still factors in to aaoa so no need to keep a card for that reason. 

#ChaseCreditCardHobby Enthusiast
Message 12 of 14
New Contributor

Re: Help! I just applied for a store card about 15 minutes ago, and now have regrets!

Don't cancel it, it'll still stay on your account. Just do some more reading on here about store cards and how to build credit and everything will be okay!




Message 13 of 14
New Contributor

Re: Help! I just applied for a store card about 15 minutes ago, and now have regrets!

Also agree with others saying to cancel your Credit One card. No reason to keep that around and pay an AF now that you have other lines of credit available to you.




Message 14 of 14
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