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I'd like to close a few cards. Already know the rules - pay in full, wait for posting, then close. And I already know the usual advice: "why close a card? just let it sit"
I'm just a weird OCD guy who MUST close these cards at some point. I am going to close 4 cards. In which order should I close them?
Card 1: OpenSky Visa issued through Capital Bank (rebuilder) with annual fee - limit $200
Card 2: Jcrew Card issued by Comenity (rebuilder) no annual fee - limit $500
Card 3: Victoria's Secret issued by Comenity (rebuilder) no annual fee - limit $500
Card 4: Fingerhut issued by Webbank (rebuilder) no annual fee - limit $200
All of these were opened approximately 6 months ago. Not sure that I want to close all of them, but maybe 2 or 3. Which would you close and in what order? I plan on closing one a month if I decide on 3.
Thank you for your input.
Why close VS or Jcrew, I would keep those open
Open Sky I probably close
Jcrew is a matter of principle. I will never buy from them. I do not see why I would ever pay $120 for an ugly orange sweater.
Victoria's I might keep for fun with the wife.
Opensky, definite close due to annual fee.
Johnny_Favorite wrote:...I'm just a weird OCD guy who MUST close these cards at some point...Which would you close and in what order?
I don't blame you. I am doing my best to limit the number of cards I have to what I actually use also. If I were you, I'd close the annual fee card first, follwed by any retail card that you don't use, unless it's super old and propping up your AAOA. Based on your wallet as listed in your sig, these aren't essential for your mix, and not likely to offer much help to your utilization.
The only consideration would be looking at your AAOA ten years from now with them, compared to without them. If it's not a huge difference, and you don't have a gain from shopping discounts, etc., dump 'em.
@Johnny_Favorite wrote:Jcrew is a matter of principle. I will never buy from them. I do not see why I would ever pay $120 for an ugly orange sweater.
Victoria's I might keep for fun with the wife.
Opensky, definite close due to annual fee.
LOL, well I think you've sorta answered your own question! I'd say close those two for the reasons you listed. Doesn't really matter which is 1st or 2nd, unless your AF is coming up on Opensky.