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Towpath CU cli

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Anonymous
Not applicable

Towpath CU cli

I want to give a huge shoutout to this board! Took the advice of getting a CC at a local CU about 9 months ago. I got my first $1,000 card with them. Followed all the Advice in the forums and asked for a cli to $3,500. The CU granted my request and bumped me up to $3500 (wonder if I should have asked for more lol) she said I can ask for an increase every 6 months.   Time to finally sock drawer some of these lower limit cards!  

quick question though: can I close some of these cards or should I wait awhile and let my AAOA keep growing until I get financing for a house ?

Message 1 of 11
10 REPLIES 10
gdale6
Moderator Emeritus

Re: Towpath CU cli

Grats on your Towpath move up Smiley Happy

 

AAoA isnt affected for up to 10 years post close as Fico take both open and closed accounts into consideration. If any have an AF/MF and you can still maintain your minimum of 3 open then I would close those out.

Message 2 of 11
SouthJamaica
Mega Contributor

Re: Towpath CU cli


@Anonymous wrote:

I want to give a huge shoutout to this board! Took the advice of getting a CC at a local CU about 9 months ago. I got my first $1,000 card with them. Followed all the Advice in the forums and asked for a cli to $3,500. The CU granted my request and bumped me up to $3500 (wonder if I should have asked for more lol) she said I can ask for an increase every 6 months.   Time to finally sock drawer some of these lower limit cards!  

quick question though: can I close some of these cards or should I wait awhile and let my AAOA keep growing until I get financing for a house ?


No reason to close cards unless they have annual fees. 

 

Closing cards won't immediately affect your average age of accounts or age of oldest account, because closed cards usually stick around in your reports for many years to come.

 

 


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 3 of 11
Mr_Mojo_Risin
Senior Contributor

Re: Towpath CU cli

Yeah, these forums have helped countless people, it's been amazing to learn all I have here.

Set a reminder for 6 months lol.

Congratulations!

NFCU More Rewards 28K CL
NFCU Cash Rewards 16K CL
Citi Custom Cash 7.5K CL
AODFCU Visa Sig 5K CL
Discover IT 2.5K CL
Capital One QS 3600 CL
Message 4 of 11
Total80sKid
Senior Contributor

Re: Towpath CU cli

Congrats on your Towpath CLI 👍🏼🎉

Message 5 of 11
Red1Blue
Super Contributor

Re: Towpath CU cli

Congrats

Message 6 of 11
CreditAggie
Community Leader
Super Contributor

Re: Towpath CU cli

Congratulations on your Towpath CU CLI!

Current Cards (in order of approval):


         
Current FICO 8 | 9 (July 2025):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 7 of 11
Anonymous
Not applicable

Re: Towpath CU cli


@Anonymous wrote:

I want to give a huge shoutout to this board! Took the advice of getting a CC at a local CU about 9 months ago. I got my first $1,000 card with them. Followed all the Advice in the forums and asked for a cli to $3,500. The CU granted my request and bumped me up to $3500 (wonder if I should have asked for more lol) she said I can ask for an increase every 6 months.   Time to finally sock drawer some of these lower limit cards!  

quick question though: can I close some of these cards or should I wait awhile and let my AAOA keep growing until I get financing for a house ?


Cool story -- congrats on your success.

Data Points (DPs) help others make informed credit decisions -- have you any to share?

Message 8 of 11
Anonymous
Not applicable

Re: Towpath CU cli

Thats great.

Thanks,

Mark

Message 9 of 11
firefox100
Valued Contributor

Re: Towpath CU cli

congratulations nice way to go.

Message 10 of 11
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