Tell me to close this Merrick Bank card

[collics]

These are my lowest limit cards. 

Closed 2yo $425 First Premier in September 

Closed 1yo $450 Credit One yesterday. 

This is my final annual/monthly fee card. Had it 5 years. $500. Never an increase. 

I want to be in the garden for two solid years. Age my accounts (5 new in 2021). Get CLIs.  I know I need to close them now. 

Idk why I'm hesitating. 

[Raisondetre]

Just close it. It looks like you have better cards now and used it as a stepping stone into rebuilding, it has done it's job. It will also stay on your reports for 8 years or more, even if it is closed. No need in keeping a fee card that you're not going to use.

[M_Smart007]

I  will give you another reason to close it

[collics]

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@M_Smart007 wrote:

I  will give you another reason to close it

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Loooool that looks familiar 

[collics]

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@Raisondetre wrote:

Just close it. It looks like you have better cards now and used it as a stepping stone into rebuilding, it has done it's job. It will also stay on your reports for 8 years or more, even if it is closed. No need in keeping a fee card that you're not going to use.

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You're right. *tear* 

[Red1Blue]

Two weeks ago I closed my Merrick Secured Credit Card. They are sending me the deposit money back to me.  I had the card for 2 years and 4 months. It did its job. I dont want to keep paying $3 every month and get no rewards. I would say close your Merrick Card and move on.

[SUPERSQUID]

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@M_Smart007 wrote:

I  will give you another reason to close it

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I hope to get one of those in 2022.

[collics]

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@SUPERSQUID wrote:

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@M_Smart007 wrote:

I  will give you another reason to close it

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I hope to get one of those in 2022.

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Claim it!! I was so shocked when I got that approval. 

[Sheridan_Smith]

The Merrick card is a decent option for what it's meant for.  They seem to be a pretty  straighforward company.  But it's served it's purpose for you.  My vote would be to close it out at this point.  Put your efforts into paying down balances, not "padding".

[SoCalGardener]

Another vote for closing it! It's served its purpose, and you don't need it any more. Yes, you're going to lose its little bit of history/age it adds to your credit, but you'll make that up in no time. At this point, why keep subprime cards, especially if they're charging you [silly, ridiculous] fees  just for the privilege of having them?!

Close it, cut it up, have a 'goodbye' ceremony if you like--or frame it, put it on the wall and look at it occasionally as a reminder of where you were.