I'm canceling credit cards.

[Anonymous]

I have some very low limit cards that are less than 1 year old. The banks will never give me CLI's. Their not even reporting monthly updates on CRA's, so no little green boxes. These cards are upsetting me, so this is a personal choice.

I would like some opinions for best score action with canceling.
A. Should I close today?
B. Should I wait until they are 12 months old then close?
C. Should I close today and delete from CRA's how ever many months that takes?

Thanks for the help.

[Anonymous]

If I close new CC's, will my CR show fewer newly opened accounts? Or will it still show under new accounts in past 12 months?

Message Edited by ilovepizza on 09-13-2007 08:12 AM

[Anonymous]

Since it was opened itwill show new acounts opened in the past 12 mnth. Before you close, you know the deal, make sure your uti is low, yada yada yada.

Now the no little green boxes could just be that the system isn;t reading them.  Are there annual fees involved? If you have alst reported date they are reporting.

[Anonymous]

One successful cancel. Feels so good! haha. I would never have closed it if the CL was usable.

[Anonymous]

The good way to get back at those issuers is not to close the cards but use them once (ONCE ) in 6 month and charge like a $1. makes them mad, because they have to process it...blah blah blah...and mail you the statemnt which costs around $1 to produce, print and mail. If you do this every month it gets them mad....but they can't do nothing about it. I would never close them but teach them a lesson for not giving me a CLI. Closing these cards will only work to their advantage as they will free up reserve capital to issue their card to someone else. But if you make them tie in their reserves in to unprofitable, loosing cituation....then you got back at them.

[John060675]

Montana,

Such anger, such fury.......................I LIKE YOUR STYLE!

[Anonymous]

Thank you John. Should start a "Revenge on credit cards " thread.

lol

[Anonymous]

Duplicate / deleted.

Message Edited by ilovepizza on 09-13-2007 09:35 AM

[Anonymous]

Closed another. Right now they will show closed. I feel chances are good that I will be able to remove them from my CRA's and and then average will come up about 2 years. I only hope that lowering my over all number of accounts does not hurt my score from the other end. There was no history on these accounts to loose since the CL was so low I never used them. This was enough for one day. I think it will look better to lenders to see fewer CC's.

[Anonymous]

How are you planning to remove them from credit report? As far as i know these are in good standing and will go on for 10 yeasr after the fact of closing. Can you please share you tactics on this steb by step?

Thnank you.