Just got approved for a Capital One Quicksilver card with 3K limit. Now, I have a question about whether I should close some of my "rebuilder" cards or not, and the impact on my AAoA and overall average credit limits.
My Fico8 scores range from 600-621 currently, and I'm trying to get close to 700 in the next 3-6 months to buy a house. My current card lineup is:
Capital One Quicksilver - 3K (new account) $0 utilization Highest Limit
Capital One Platinum - secured card, $1,451 limit, oldest credit card at just over 3 years old. $0 utilization
Credit One Visa - $1,100 limit, $32 balance(1 1/2 years old)
Credit One MC - $500 limit, $0 utilization (4 months old)
Merrick Bank Visa - $850 limit, $0 utilization (2 years old)
Buckle Card - $250 limit, $0 utilization (6 months old) Lowest Limit
Express Card - $500 limit, $0 utilization (new account)
Overstock Card - $750 limit, $0 utilization (new account)
Should I close any of these accounts? The Credit One accounts suck, but one is over $1K limit and it's my second oldest CC account, so not sure. It would be nice to get rid of the secured card now that I don't need it anymore, but it's my oldest CC account and has a credit line of $1.5K. Maybe I should just leave things as is? I'm not applying for anything else for a while to let things age a bit.
