Mistake Opening a Credit Card with Ex

[Anonymous]

Hello!

I am really hoping to get some good advice about closing credit cards because I made a huge mistake. But I have definitely learned my lesson. A few years ago I opened a credit card with my boyfriend. Now, we are no longer together. He is paying the credit card off (cause he spent the money) and I am just waiting for it to be paid off so we can close it. I know closing credit cards is very bad, but in this situation I have no choice. Is there anything I can do to offset the hit when I do end up closing the credit card. Should I open up another credit card right now, so when I close the old credit card the new credit card will earn some credit age and I will not loose credit? I have a good credit score and worked hard fixing all my finance mistakes in the past. I just have this one loose end I need to fix. The credit card we have open together is a Macy's Amex card (which btw was such a mistake to open of all cards I could have opened). 

Any advice is much appreciated.

Thanks

CM

[Imperfectfuture]

Welcome to the forums. The easiest cards to get would be a credit union card. Great thread in approvals section (I think). My start was with local credit union. Ability to open depends on current utilization of Macy's card. And good scores are over 750 .

[Anonymous]

I would not worry too much about it unless its your only card or you only have 1 or 2. The card you close will remain on your cb for 10 years after you close it so as long as you continue to maintain good credit habits your score will be fine.

[Anonymous]

Who is the main card holder? is it a joint account or one is just an AU? 

If he's just an AU then just drop him off (after he made all the payments) as an AU so you won't have to worry about him racking up your card. if he's the owner then askt o be removed from his as an AU.

If it's joint account , the oly way is to really close it and open a new one just under you.

Good luck!

[Anonymous]

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@Anonymous wrote:

I would not worry too much about it unless its your only card or you only have 1 or 2. The card you close will remain on your cb for 10 years after you close it so as long as you continue to maintain good credit habits your score will be fine.

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Right, closing a card isn't "vey bad" especially if there is no balance.  People do it all the time as they find a card no longer fits their needs or whatever.