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Question about closing bucketed cards....

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getridofccdebt
New Contributor

Question about closing bucketed cards....

Hi Guys! So I have a Chapter 7 BK that is 2 years out of discharge this month. During my rebuild I obtained some cards that do not grow.

Ollo card is a $400 limit

Cap 1 Platinum $300

Cap 1 Quicksilver $500

Ollo you cant even request a CLI. Cap 1 won't budge. I use them heavy and always pay in full.

My question is would it hurt me to close these cards and keep my newer higher limit cards open? 

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2 REPLIES 2
gdale6
Moderator Emeritus

Re: Question about closing bucketed cards....

As long as you dont need them for utilization padding and you still will have at minimum 3 open revolving cards the answer is nope.

Message 2 of 3
getridofccdebt
New Contributor

Re: Question about closing bucketed cards....

👍

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