Earlier this week I decided to close my Paypal Smart Connect. I haven't been using it much as I have the Paypal Extras Mastercard that i got earlier this year and is mainly what i wanted in the first place when i apped for paypal. I also get more rewards on other cards so my Smart Connect account was of no use and I thought it would be a good idea to close it too, to prevent fraud if i forget to monitor it. Also it will lower my credit risk as it will lower my overall available credit total, it closed with a zero balance with a 5K line.
On another note I obtained a 1k increase on my paypal extras mastercard via the automated system so my limit on that card goes from $5k to $6k. 
Congrats on your CLI! Thanks for sharing.
Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
congrats
@linux007969 wrote:Earlier this week I decided to close my Paypal Smart Connect. I haven't been using it much as I have the Paypal Extras Mastercard that i got earlier this year and is mainly what i wanted in the first place when i apped for paypal. I also get more rewards on other cards so my Smart Connect account was of no use and I thought it would be a good idea to close it too, to prevent fraud if i forget to monitor it. Also it will lower my credit risk as it will lower my overall available credit total, it closed with a zero balance with a 5K line.
On another note I obtained a 1k increase on my paypal extras mastercard via the automated system so my limit on that card goes from $5k to $6k.
Congratulations on the CLI on your PP EXTRAS MC!
Congrats on the increase! I'm not sure closing a card lowers your "credit risk" unless you have too much open credit for your income ... it could increase your overall utilization and reduce your total credit capacity, which aren't necessarily good.
@b_diddy wrote:Congrats on the increase! I'm not sure closing a card lowers your "credit risk" unless you have too much open credit for your income ... it could increase your overall utilization and reduce your total credit capacity, which aren't necessarily good.
Thanks everyone!
Yes it should lower my credit risk for that reason you listed..... My income is about $13,960 a year so far and you see all the open credit i have listed in my sig. With all of that including my car loan that puts me at about $50k in credit or close to it....lol so that is a substantual amount.
When i got my car in July I had about $8k owed to credit cards but i have paid most of it down, a good chunk of it was balance transfer 0% offers i used to rack that much up, and now i'm down to $3,600 and will go even lower in the up coming weeks this month, so i'm doing good!
I think this was a good move for me as I can increase other limits in the future with my other cards which will make up for it.
Congratulations!...Thanks For Sharing.