Time to cancel my OpenSky secured?

[Anonymous]

Thank you to everyone on the forum. I opened this card 6 months ago with a 598 credit score and it was my first card. Since then I have opened B of A Cash Rewards Secured $300, Capital One Quicksiliver $500, and just yesterday Amex Everyday $500 and Disocver It $2,500. This is barely going to have an effect on my age of accounts at all. It never unsecures. And the limit is tiny. Can anyone see any reason not to cancel my OpenSky secured at this point? Than you for any help you can provide.

[AverageJoesCredit]

Beside a kind of cool sounding name , nope., you are a go on a nice build up to your profile with Boa Cap1 Amex and Disco.

[601flyguy]

I have the same card, it was the first I got when rebuilding. I say keep it at least a year to get the full benefits from it. They are good for reporting good payment history even if the card isn't used.

[601flyguy]

Well well... Here's a reason. I just received an email from them saying

You did it! I'm happy to let you know that you've been specially selected for a $100 credit line increase - no extra security deposit is required.

[AverageJoesCredit]

"Now aint that special! " - the ChurchLady ( DG)

[Anonymous]

I got the same e-mail from Open Sky too.

[Anonymous]

That's interesting. I didn't know they gave increases. 

[AverageJoesCredit]

I dont think you do, you have to be "$pecially selected"

[601flyguy]

Lmao, I didn't even catch that but I swear that's exactly what it says! I copied and pasted. 

[Anonymous]

Just curious... why would you app for a card that doesn't unsecure? I assumed this was the point of secured card.... to prove yourself to a bank so one day you could have a regular account.