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Which to cancel

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Sbrooks1
Valued Contributor

Which to cancel

Need to cancel one more cars and keep 4 of the prime cards open-- would you cancel Merrick with a 700 CL or GM buy power with only 300 CL - these are my two lowest limit cards and was proud to get the GM but at 300 what can I do with it ? MB is subprime so that's a good reason to cancel!
Message 1 of 21
20 REPLIES 20
Anonymous
Not applicable

Re: Which to cancel

OP, do you have an AF on either of those cards? Yes Merrick is a subprime card but both seem to have pretty low limits. What other cards do you have?

Message 2 of 21
grillandwinemaster
Valued Contributor

Re: Which to cancel

Need more info. Please post all your cards with their respective cl's for Best guidance and direction. 


Current Scores 3/2016 Equifax 676 Transunion 697 Experian 648 Goal Scores: 720's accross the board. Gardening Goal: 3/2017
Message 3 of 21
Sbrooks1
Valued Contributor

Re: Which to cancel

Cap one QS 0/2000
Care credit 0/1000
Citi DC 0/2500
Fh 0/2200 keeping this because it's my oldest line
MB 0/700 no AF
Gm buy power 0/300 no AF
Message 4 of 21
Anonymous
Not applicable

Re: Which to cancel

How much do you spend on your cards each month? Would it hurt if you just cancelled both of the cards?

Message 5 of 21
Sbrooks1
Valued Contributor

Re: Which to cancel

Spend about 2000 and PIF , I hate to cancel the world elite even with the low limit 😍
Message 6 of 21
Anonymous
Not applicable

Re: Which to cancel

Then it looks like you already know what you want to do. Cancel the MB card and see if you can get the GM card to grow with you.

Message 7 of 21
Sbrooks1
Valued Contributor

Re: Which to cancel

I know! Feels silly keeping a 300 limit card!
Message 8 of 21
Anonymous
Not applicable

Re: Which to cancel

Canceling the subprime card seems to be a good idea.

Message 9 of 21
Closingracer99
Valued Contributor

Re: Which to cancel


@Sbrooks1 wrote:
Cap one QS 0/2000
Care credit 0/1000
Citi DC 0/2500
Fh 0/2200 keeping this because it's my oldest line
MB 0/700 no AF
Gm buy power 0/300 no AF

I assume FH is fingerhut? I would close it .... Might be the oldest but if they are all pretty new by the time it falls off your reports your other ones will be basically as old. 


My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740
Message 10 of 21
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