cancel
Showing results for 
Search instead for 
Did you mean: 

I closed an account, and I liked it!

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Valued Contributor

I closed an account, and I liked it!

QS1 had AF coming next month and I ditched it!

Screenshot_2019-07-31 Capital One Account Details(2).png

Screenshot_2019-07-31 Capital One Account Details(3).pngFeels so good!




"I thought credit was over in 2008. Never underestimate the ability of central bankers to blow a bubble." - Me
“If you don’t know, the thing to do is not to get scared, but to learn.” – Ayn Rand
Message 1 of 15
14 REPLIES 14
Valued Contributor

Re: I closed an account, and I liked it!

 

Screenshot_2019-07-31 Capital One Account Summary.pngLove it!

 




"I thought credit was over in 2008. Never underestimate the ability of central bankers to blow a bubble." - Me
“If you don’t know, the thing to do is not to get scared, but to learn.” – Ayn Rand
Message 2 of 15
Valued Contributor

Re: I closed an account, and I liked it!

Nice! It felt good when I get rid of my QS1! Smiley Very Happy

Currently: Gardening since 12/29/2019


Message 3 of 15
Frequent Contributor

Re: I closed an account, and I liked it!

i have a qs1 .why is it a good idea to close it ? let me know thanks

08 ficos 9/2019 eq 685 tu 704 ex 677
Message 4 of 15
Valued Contributor

Re: I closed an account, and I liked it!


@mikesonthemend wrote:

 

Screenshot_2019-07-31 Capital One Account Summary.pngLove it!

 




Congrats ! ! !  Time to update your signature line.



















Your FICO credit scores are not just numbers, it’s a skill.

Message 5 of 15
Valued Contributor

Re: I closed an account, and I liked it!


@gramps52 wrote:

i have a qs1 .why is it a good idea to close it ? let me know thanks


Closing a QS1 is only a good idea when you have outgrown its usefulness. It was the first card in my rebuild and I was bucketed as many people are when their credit files are thin and scores are not where you want them to be.

 

Looking at the OPs signature line, the OP had outgrown the need for a card with an AF and few benefits.



















Your FICO credit scores are not just numbers, it’s a skill.

Message 6 of 15
Super Contributor

Re: I closed an account, and I liked it!

Congrats!  

 

It has been a few months since I last closed an account, and I was thinking today I need to look harder at my fat herd and cut another one.  

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 7 of 15
Super Contributor

Re: I closed an account, and I liked it!

Congrats! I sent mine to pasture once I got approved for the QS WEMC @10g's. It was fun while it lasted. Took a year to get rid of the closed account block on the sign in page. Smiley Mad





My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences after learning here from rebuild to recovery after BK DC @ 540's. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 8 of 15
Community Leader
Mega Contributor

Re: I closed an account, and I liked it!

Careful, dem blasphemy round dese partsSmiley Wink
#ChaseCreditCardHobby Enthusiast
2022
!
Message 9 of 15
Community Leader
Valued Contributor

Re: I closed an account, and I liked it!


@AverageJoesCredit wrote:
Careful, dem blasphemy round dese partsSmiley Wink

Not blasphemy. Taboo maybe, but not blasphemy. But that just makes it more thrilling. Congrats on closing the card! Enjoy your newfound liberation. 

Discover It: 19.7k
Amex BCE: 18k
Citi DC: 5.7k
~~~~~~~~~~~~~~~~~~
Once you go Berner, you never go back.
Message 10 of 15
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.