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Need Advice on closing Capital One Secured & Credit One

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luckydiva95
New Contributor

Need Advice on closing Capital One Secured & Credit One

I'm considering closing my Capital One Secured and Credit One. I tried calling Capital One to see if I could convert it to a different card and it's not eligible. I opened it when I started to rebuild my credit profile. Credit One is my oldest credit card and I don't use it very much, it's a sub prime card. My scores are in great shape and I don't want them to drop because of closing these cards. I'll take any advice on keeping them or closing them? 

Capital One QS $9,500| Credit one $3,350| Capital One Quick Silver One $500| Barclay View $6,250| Amazon Chase $4,200|Discover It $14,100| AMEX Everyday Preferred $20,000| Wells Fargo Active Cash $7,500| AMEX Blue Cash Preferred $28,000| Apple Card $4,750| Best Buy Visa $5,000| Citi Custom Cash $9,500| Chase Sapphire Preferred $9,500|Chase Unlimited Freedom $9,100|Amex Platinum| Venture X $10,000
Message 1 of 5
4 REPLIES 4
gdale6
Moderator Emeritus

Re: Need Advice on closing Capital One Secured & Credit One

If you utilization is in order and you dont need their CL boost then by all means close them. Closed accounts remain on file for up to 10 years.

Message 2 of 5
dragontears
Senior Contributor

Re: Need Advice on closing Capital One Secured & Credit One


@gdale6 wrote:

If you utilization is in order and you dont need their CL boost then by all means close them. Closed accounts remain on file for up to 10 years.


+1

Message 3 of 5
OmarGB9
Community Leader
Super Contributor

Re: Need Advice on closing Capital One Secured & Credit One


@gdale6 wrote:

If you utilization is in order and you dont need their CL boost then by all means close them. Closed accounts remain on file for up to 10 years.


+100


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 4 of 5
pinkandgrey
Senior Contributor

Re: Need Advice on closing Capital One Secured & Credit One

I'll jump on this bandwagon. Close away! Good luck and congrats on boosting your credit!

Discover It: 26.5k
Amex Cash Magnet: 24.4k
Fidelity Visa: 21.5k
Apple Card: 13k
CapOne Venture X: 10k
Message 5 of 5
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