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Help with closing my first NFCU card - Re-Allocating

tussking
Established Contributor

Help with closing my first NFCU card - Re-Allocating

So I have three cards with NFCU.

Flagship 25k

MoreRewards Amex 25k

CashRewards 8900k (left) I have already moved some from CashRewards to both of the above cards.

 

So since my BK 5 years ago the CashRewards was my first card and over the years I have other cards that are just better.

How will it hurt me to just move the rest of the $8900 to my two other cards and close it? TIA.

Discharged BK7 - 7.16.15
Current Fico8 - (1.30.21) EX - 687/EQ - 687/TU - 687
Total CL - $252,000.
700 Please!
Message 1 of 10
9 REPLIES 9
AllZero
Super Contributor

Re: Help with closing my first NFCU card - Re-Allocating


@tussking wrote:

So I have three cards with NFCU.

Flagship 25k

MoreRewards Amex 25k

CashRewards 8900k (left) I have already moved some from CashRewards to both of the above cards.

 

So since my BK 5 years ago the CashRewards was my first card and over the years I have other cards that are just better.

How will it hurt me to just move the rest of the $8900 to my two other cards and close it? TIA.


It may hurt because you have one less card to request a potential SP CLI on?

 

Have your considered doing a product change to another card that may benefit you?

 

I can't offer much negative points on closing the card if that is your desire.

Message 2 of 10
OmarGB9
Community Leader
Super Contributor

Re: Help with closing my first NFCU card - Re-Allocating

I don't see a way it would hurt you if you're keeping your total CL intact. The only possible way would be if you only have those 3 NFCU cards and if you're trying to implement AZEO. You'd be down one card, making it hard to do AZEO and maximize points.


Last App: 12/05/2020
NFCU MoreRewards Amex

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 3 of 10
icyhot
Valued Contributor

Re: Help with closing my first NFCU card - Re-Allocating

Hi, whats AZEO?

Ch 7 BK discharged 12/2018.
Message 4 of 10
CreditMagic7
Super Contributor

Re: Help with closing my first NFCU card - Re-Allocating


@icyhot wrote:

Hi, whats AZEO?


All your credit card accounts at ZERO balance EXCEPT a single BankCard showing a balance.

 

The concensus being maximization or achieving the highest FICO Scoring potential for the profile that you currently have for that statement period.

Message 5 of 10
Scupra
Super Contributor

Re: Help with closing my first NFCU card - Re-Allocating

There is no AF and you have the possibility of SP CLI's, leave that card open to age Smiley Happy
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
755 EQ FICO 12/2019
750 TU FICO 12/2019
743 EX FICO 12/2019
$29k NFCU Platinum | $30k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold
Message 6 of 10
tussking
Established Contributor

Re: Help with closing my first NFCU card - Re-Allocating

Scupra - What's new brother! How are you? I guess you're right. I'll move another $3400 to my Flagship since that's my monthly card and leave the CR at an even $5k and let it just keep aging.

Discharged BK7 - 7.16.15
Current Fico8 - (1.30.21) EX - 687/EQ - 687/TU - 687
Total CL - $252,000.
700 Please!
Message 7 of 10
Scupra
Super Contributor

Re: Help with closing my first NFCU card - Re-Allocating


@tussking wrote:

Scupra - What's new brother! How are you? I guess you're right. I'll move another $3400 to my Flagship since that's my monthly card and leave the CR at an even $5k and let it just keep aging.


Nothing much! Just been super busy which takes me away from here unfortunately. Coming up on 9 years post BK and cant wait Smiley Happy 

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
755 EQ FICO 12/2019
750 TU FICO 12/2019
743 EX FICO 12/2019
$29k NFCU Platinum | $30k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold
Message 8 of 10
UncleB
Moderator

Re: Help with closing my first NFCU card - Re-Allocating

Good to see you again, @Scupra! wavey_zps81xnuobx.gif

Message 9 of 10
Scupra
Super Contributor

Re: Help with closing my first NFCU card - Re-Allocating


@UncleB wrote:

Good to see you again, @Scupra! wavey_zps81xnuobx.gif


Likewise! Always good to see some familiar faces Smiley Happy 

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
755 EQ FICO 12/2019
750 TU FICO 12/2019
743 EX FICO 12/2019
$29k NFCU Platinum | $30k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold
Message 10 of 10
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