I'm sure a lot of people on here are familiar with BestBuy credit cards, was formerly HSBC but now is owned by CapOne. Currently my limit on this card is $750 which represents 15% of my credit lines and its PIF and since I can only use it at BestBuy I really have no use for it. Here's snap shot;
5 open credit cards
Total revolving credit - $5250
AAoA - 2.5 years
Utilization - 20% spread across 2 accounts w/ no cards over 30%
Here's the issue, I just opened a GE Capital CL with a supplier for my business which lowers the AAoA greatly so if I close this dinky best buy card it not only will decrease my available credit, but it will lower the AAoA from 2.5 to below 2 years. I intend to apply for an AMEX Gold in the next few months and wanted to see what your thoughts were???
