Closing my Cap1 $300 CL

[Doodles]

Hi- I am 10 months post CH7 BK Discharge. 

I have three credit cards, two are secured ($4k and $1k with USAA) and I have a $300 unsecured with C1.

I feel like I should just close the $300 unsecured.  It's useless.  I don't think it will harm my score if I do as it is only a 6 month old card and I just started rebuilding in Jan.

Thoughts?

[coldnmn]

If your in the credit steps you should see a CLI at the seventh statement. I would at least wait until then you may be surprised. 

[Anonymous]

---

@Doodles wrote:

Hi- I am 10 months post CH7 BK Discharge. 

I have three credit cards, two are secured ($4k and $1k with USAA) and I have a $300 unsecured with C1.

I feel like I should just close the $300 unsecured.  It's useless.  I don't think it will harm my score if I do as it is only a 6 month old card and I just started rebuilding in Jan.

Thoughts?

---

CapOne might increase it to $1000 or more in your 7th month and let  you do a product change..

[b_diddy]

It was a slow roll (about 20 months total) but my original $300 Cap1 got up to $2000 before I PC'd it a few months back to a QS and got a CLI at the same time to the current amount.  Close it if that doesn't meet your needs.  Keep it open if you don't mind tending it awhile.  I would.

[SunriseEarth]

Cap One usually doesn't even consider CLIs before 6 months.   So if you're in Credit Steps, just wait.   If not, hit the LUV button.  If that doesn't work, contact the EO.  I think it's a bit early to walk away.

And my $300 card is now a $4000 one, so they definitely can grow.  

[Doodles]

Great advice everyone, thank you! I suppose I'll keep it open for now.

Thanks again!

[sillykitty1]

---

@SunriseEarth wrote:

Cap One usually doesn't even consider CLIs before 6 months.   So if you're in Credit Steps, just wait.   If not, hit the LUV button.  If that doesn't work, contact the EO.  I think it's a bit early to walk away.

And my $300 card is now a $4000 one, so they definitely can grow.  

---

I agree ... my $300 Plat is now a $10,000 QS

[B335is]

^ this is exactly why i regret closing out my old $300 Cap1 cards.

[Vegasr]

Don't close that.  My Chase Freedom started at $500 afer I recon'ed a denial, and stayed that way for an year. Now after two years it went to $5k and was able to move some of that to a Chase Sapphire.

[Anonymous]

 10 months post BK and scores in the 61X's. You need to worry about building positive history. The limit is irrelevant.  The fact you got an unsecured card that quickly is a good thing. Cap1's business is tailor made for people in your situation.