To combine or not to combine? Advice is needed

[Anonymous]

I have 9 cards in total, getting about 6k in CLI over the last month. I have two CaptialOne cards the QS and the Platinum, both are a year old. I recently got an Amex, Barclay Apple Rewards and My BestBuy Card visa card. Utilization is hovering around 5% overall. I've been thinking for at least a month or so about combining the captialone cards into one, I got to the point of confirming but backed out. Should I just go ahead and combine them and get it over with? Or should I keep it open? I do not plan on applying for anymore cards for a while, as I have what I need. I just want to have them grow and age. 

[Anonymous]

What are your reasons for not wanting to combine those cap1 accounts? I personally am planning to combine all my cap1 accounts. I want one card from them with no AF but that's just me. 

[Gmood1]

If you've received your CLI from Capital one recently. It would be best to combine them now. That way in 6 months you can request a CLI on the combined card and not skip a beat.

[Anonymous]

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@Anonymous wrote:

What are your reasons for not wanting to combine those cap1 accounts? I personally am planning to combine all my cap1 accounts. I want one card from them with no AF but that's just me. 

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Just scared about it, this will be my first time closing a card. 

[Gmood1]

Nothing to be afraid of. Your closed card will report for 10 years.

[Anonymous]

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@Gmood1 wrote:
If you've received your CLI from Capital one recently. It would be best to combine them now. That way in 6 months you can request a CLI on the combined card and not skip a beat.

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Thank you for that suggestion! I did not think about that.

[Anonymous]

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@Gmood1 wrote:
Nothing to be afraid of. Your closed card will report for 10 years.

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So your score won't decrease for closing? 

[Gmood1]

No because it still reports. Once those 10 yrs are up you'll take a minor hit for it. Should be small though, if you're building it between now and then. Build a solid file now so it won't have an affect then.

[Anonymous]

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@Gmood1 wrote:
No because it still reports. Once those 10 yrs are up you'll take a minor hit for it. Should be small though, if you're building it between now and then. Build a solid file now so it won't have an affect then.

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Thank you. I feel more confident doing this. 

[Gmood1]

You'll be fine, I'm closing 10 cards this year.