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I got this card last year hoping to use the rewards. Ended up not using the rewards and got a bit delinquent in payment. Haven't used it for a year now. I have no interest in using it moving forward. Shoud I close it off? I am trying to improve my credit score and I really don't need this card.
Thanks
Edit:
Hi,
Below is my profile.
FICo scores
Equifax 696, Transunion 645, Experian 650
Available credit limits
BofA Cash Rewards $15,000
BofA Travel Rewards $20,500
Old Navy $200
Pottery Barn Comenity $750
Mortgage $246,623
No delinquencies in mortgage and BofA cards. Delinquencies in Old Navy and Pottery Barn. No debt other than the mortgage.
My goal is to improve my scores, as I am thinking about buiyng another house using mortgage.
Thanks
It will continue to report for up to 10 years if you close it.
@Anonymous wrote:I got this card last year hoping to use the rewards. Ended up not using the rewards and got a bit delinquent in payment. Haven't used it for a year now. I have no interest in using it moving forward. Shoud I close it off? I am trying to improve my credit score and I really don't need this card.
Thanks
Do you know your FICO scores? If you have low scores and high utilization, you might want to keep every dollar of available credit you can.
On the other hand, if you already have reasonably good scores and not much debt, it might be simpler to drop it.
Hi,
Below is my profile.
FICo scores
Equifax 696, Transunion 645, Experian 650
Available credit limits
BofA Cash Rewards $15,000
BofA Travel Rewards $20,500
Old Navy $200
Pottery Barn Comenity $750
Mortgage $246,623
No delinquencies in mortgage and BofA cards. Delinquencies in Old Navy and Pottery Barn. No debt other than the mortgage.
My goal is to improve my scores, as I am thinking about buiyng another house using mortgage.
Thanks