Secured Card closure effects?

[smoop88]

I have had first progress secured card for 8 months with a limit of $850 never really touching the 30% I must admit it has served its purpose. As many of you know accounts like these have to be closed eventually especially since it is $850 of cash tied up with no hopes of it evolving or benefiting. My balance on it right now is 249.00 and I would like to know if it was to get closed what would be the effects if I left that 249.00 balance and recieve the check for the difference is this adised. Its to the point where using online bill pay is not worth it anymore as that is the only way to pay the bill and that 575.00 can go towards something else. I can pay macys AE Walmart Amazon and half of my fingerhut to get my utilization to approx 10%. 

[Anonymous]

I would call and ask to be sure but with my capital one secured they said i could leave the balance and let my deposit cover it. They send a check for the difference. So my deposit was 400 limit was 800 and balance was 200. They applied 200 of the 400 to cover balance closed card and sent me a check for 200.

[smoop88]

Either way as long as one doesnt go over the limit i think it would report as closed $0 balance

[takeshi74]

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@smoop88 wrote:

My balance on it right now is 249.00 and I would like to know if it was to get closed what would be the effects if I left that 249.00 balance and recieve the check for the difference is this adised.

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Should be the same as closing it without a balance.  If you have at 2-3 cards after closing this one then you don't need for scoring purposes.  Whether or not it's advised is irrelevant.  You have to decide based on your needs/wants/preferences/goals/etc.