What to do with Cap One and other cards

[Anonymous]

I think the situation of a secured card is much different than just having low limit cards. I would get my money back too if you have better cards now. But if they were regular low limit cards, and my main problem was maintaining them, I would just stop maintaining them unless I desperately needed the utilization they gave me.  It doesn't matter who closes the account in the scoring, so let them close it whenever they feel like it (it might take years in some cases), and just don't stress yourself about maintaining them.

But in the grand scheme of things, pulling a card out of a drawer every few months (would they close it if you use it every 2 months? 3 months? 6 months?) doesn't seem a problem if those cards are doing something for you.  And it seems to me a very small price to pay for the AAoA alone. You can't buy time, iow.

[hot4u]

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@Anonymous wrote:

I think the situation of a secured card is much different than just having low limit cards. I would get my money back too if you have better cards now. But if they were regular low limit cards, and my main problem was maintaining them, I would just stop maintaining them unless I desperately needed the utilization they gave me.  It doesn't matter who closes the account in the scoring, so let them close it whenever they feel like it (it might take years in some cases), and just don't stress yourself about maintaining them.

But in the grand scheme of things, pulling a card out of a drawer every few months (would they close it if you use it every 2 months? 3 months? 6 months?) doesn't seem a problem if those cards are doing something for you.  And it seems to me a very small price to pay for the AAoA alone. You can't buy time, iow.

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Agree...

[Anonymous]

OK, but how about an unsecured CapitalOne with a $39 AF and $3,000 CL? I obviously want to get it PC'ed to another card when I get some positive TL's going, but what if I can't? The card is officially my oldest, open revolving account (by 5 days, but still).  I only have 4 open accounts right now, and I'm not planning on opening any new ones for the next several years, just CLI's. Is my strategy flawed and I should be opening up a lot more accounts in the next 2 years?

[Kenny]

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@Anonymous wrote:

OK, but how about an unsecured CapitalOne with a $39 AF and $3,000 CL? I obviously want to get it PC'ed to another card when I get some positive TL's going, but what if I can't? The card is officially my oldest, open revolving account (by 5 days, but still).  I only have 4 open accounts right now, and I'm not planning on opening any new ones for the next several years, just CLI's. Is my strategy flawed and I should be opening up a lot more accounts in the next 2 years?

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I don't see why the EO wouldn't be able to remove the AF. Hope all goes well!

[Anonymous]

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@KennyS2006 wrote:

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@Anonymous wrote:

OK, but how about an unsecured CapitalOne with a $39 AF and $3,000 CL? I obviously want to get it PC'ed to another card when I get some positive TL's going, but what if I can't? The card is officially my oldest, open revolving account (by 5 days, but still).  I only have 4 open accounts right now, and I'm not planning on opening any new ones for the next several years, just CLI's. Is my strategy flawed and I should be opening up a lot more accounts in the next 2 years?

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I don't see why the EO wouldn't be able to remove the AF. Hope all goes well!

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Thanks, I hope so too!  Would calling the EO when I just got the card be too soon?