cancel
Showing results for 
Search instead for 
Did you mean: 

Thinking about cancelling pottery barn comenity card

Highlighted
New Visitor

Thinking about cancelling pottery barn comenity card

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

 

Message 1 of 5
4 REPLIES 4
Highlighted
Community Leader
Super Contributor

Re: Thinking about cancelling pottery barn commenity card

It will continue to report for up to 10 years if you close it.







Message 2 of 5
Highlighted
Super Contributor

Re: Thinking about cancelling pottery barn commenity card


@bluenyc 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.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, Freedom x 2, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCP, EDP
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 3 of 5
Highlighted
Community Leader
Mega Contributor

Re: Thinking about cancelling pottery barn commenity card

Welcome to the forumSmiley Happy

First, definetly try to avoid making late payments, thats the #1 cardinal rule of credit. Without knowing your profile , score, available credit limits its hard to offer advice on keeping or closing. Just remember a cc is only as good as you make it and should fit your spend lifestyle. Knowing Comenity, im suprised they havent closed the account for late payments but the can suprise us. Please let us know more about your profile to give better advice. Again, welcome and thanks for participating in the forumSmiley Happy
Message 4 of 5
Highlighted
New Visitor

Re: Thinking about cancelling pottery barn commenity card

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

 

Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.