What was the goal of app'ing the card? It's a 3% dining/2% groceries card, are you eating out more than $1k a month?
It has a $0 AF so it's not going to cost you money to hold on to it. I would recomend holding it at least a year and put regular dinining expensis on it and ask for a CLI at that point. Then decide if you want to close it.
I would not close it if the rewards are useful to you but pay it off multi times in a month if necessary.
TDBank has been good to me, I opened my card via the Secured option last June about three months after my Chapter 13 discharge, I opted to drop the maximum $5,000 into a "locked" interest bearing savings account, and literally six months to the day after I made my first charge, they unsecured my card, switched it to the 3-tier rewards structure (secured cards get a flat 1% across the board), refunded half of my annual fee, set my initial unsecured limit at the same $5,000 level, and finally, unlocked the savings accout with the security deposit (which had earned $1.14 in interest). So far at least, I've found their customer service to be extremely good as well.
Long story short, my advice would be to hang on to the card; it doesn't cost you anything with no annual fee, and hey, 3% for dining and 2% for groceries, while not the absolute best in the industry, is better than a sharp stick in the eye.
@coldfusion wrote:As an FYI it's usually considered bad form to close out a card less than 12 months old.
Interesting; last year, long before I found this site, I opened a secured card via CapitolOne, only to discover the $1,000 limit was hamstrung because multiple payments lead to an AML protocol which puts payments on hold for up to 12-days before the money is released to the account. This annoyed me to no end, and when I then found out CapOne is very stingy with card graduations, I opted to close the account after only 6-weeks. Yeah, my credit scores took a small hit, but they didn't drop below where they were before I applied for that card.
@coldfusion wrote:It isn't a function of your credit score, it can lead to the perception that you're a SUB chaser or you apply for credit on impulse, neither of which issuers find particularly endearing.
So, I was kind of thinking by closing the account after only 6-weeks they'd be less than enamored with me and possibly blackball me for a long time. That was in June of 2020, almost six months to the day later, they sent me a pre-approved E-Mail for a Quicksilver card with three times the limit. Yeah, I was pretty surprised.