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Should I close my Nordstrom card? Rebuild the relationship or let it go?

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Valued Member

Should I close my Nordstrom card? Rebuild the relationship or let it go?

Back in January 2019 I was able to open a Nordstrom store card. It was paid on time until the end of 2019 and ultimately went to 120+ days status. I was able to pay it off back in April and it's been paid in full ever since. I feel like it's not really doing anything for me. It's paid off and I try to use it every few months to keep it active to try to build a better relationship with TD bank again. But part of me thinks this is all in vain. I asked for a CLI but it was denied.. haven't yet received the letter in the mail. I have gotten approved for other credit since but I'm wondering if I ruined my chances with this card and now it's time to move on. Anyone have experience with growing with the same bank after having a delinquent account? 

All I'm trying to do is pay off collections and keep a low DTI.
Message 1 of 11
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Community Leader
Senior Contributor

Re: Should I close my Nordstrom card? Rebuild the relationship or let it go?

TDBank is a conservative lender, it's only been 6 months since you paid off. That's an internal red flag, you either need to be patient and suck it up, or close it.

My goal for 2021 is not credit related, but to be more mindful, patient, compassionate and understanding. You must be the change you want to see in the world.
Message 2 of 11
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Valued Member

Re: Should I close my Nordstrom card? Rebuild the relationship or let it go?

Ok thank you. I may just wait it out. For another year or so. I guess rather I close it or not those lates are still going to be on my CR for years.. 

All I'm trying to do is pay off collections and keep a low DTI.
Message 3 of 11
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Established Contributor

Re: Should I close my Nordstrom card? Rebuild the relationship or let it go?

If you can get value out of the card with the current limits, I would just keep it open and use it and PIF, if you aren't getting value on the card sock drawer it and if they close it for lack of use you won't lose much.  I wouldn't proactively close it. 





Message 4 of 11
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Community Leader
Mega Contributor

Re: Should I close my Nordstrom card? Rebuild the relationship or let it go?

Honestly no one should recommend closing it or keeping it open without knowing what your current credit profile looks like. For all we know this is your only credit card. Let us know things like current ficos, aaoa, current debt load, how many cc you have etc. That way we know if it will really affect you to close or if its needed at all.

Message 5 of 11
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Valued Contributor

Re: Should I close my Nordstrom card? Rebuild the relationship or let it go?

The only credit card application I have submitted in the last 12 years that was denied was Nordstrom.  I did not ask for reconsideration.  I simple said to heck with their stupid card.  I don't shop there often, but when I do, I use my general purpose credit cards.  When the cashier tries to hand me the Nordstrom card brochure, I tell them to keep it for somebody else.

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Message 6 of 11
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Established Contributor

Re: Should I close my Nordstrom card? Rebuild the relationship or let it go?

id keep the Nordstrom card, use it. The bad payment history is there regardless.
Message 7 of 11
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Valued Member

Re: Should I close my Nordstrom card? Rebuild the relationship or let it go?

Ok so my credit report looks like:

 

Auto loan since 2/2018

Nordstrom card since 1/19 

capital one since 9/20 

Soon to be another capital one.. hopefully it starts report early to mid November.. just got approved on Monday. 
I also have my student loan (currently deferred) but that has been reported since 9/2016. 

That's all the credit I have so far. 

 

 

All I'm trying to do is pay off collections and keep a low DTI.
Message 8 of 11
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Community Leader
Mega Contributor

Re: Should I close my Nordstrom card? Rebuild the relationship or let it go?


@caraxoxo wrote:

Ok so my credit report looks like:

 

Auto loan since 2/2018

Nordstrom card since 1/19 

capital one since 9/20 

Soon to be another capital one.. hopefully it starts report early to mid November.. just got approved on Monday. 
I also have my student loan (currently deferred) but that has been reported since 9/2016. 

That's all the credit I have so far. 

 

 


ok thanks for sharing. Its said having like 3 ccs is best for scoring or at least your profile. I would keep it open for now  if its not causing you any issues . As your profile expands and you get better cards you can always close it.   Be careful overloading on Cap One cards as those are usually 3 hps and many can be bucketed so depending which ones you have , use them to establish good payment history and springboard to better cards. My humble opinion of courseSmiley Wink

Message 9 of 11
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Valued Member

Re: Should I close my Nordstrom card? Rebuild the relationship or let it go?

Thank you! I agree, I'm leaving it open for now! 

All I'm trying to do is pay off collections and keep a low DTI.
Message 10 of 11
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