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Would it be wise for me to remove First Progress credit card?

DarkKnight_Credit
Established Member

Re: Would it be wise for me to remove First Progress credit card?


@thornback wrote:

@DarkKnight_Credit wrote:

Thanks! It took time and a lof of hard work, but it's paying off!

 

I'll probably get discover within a few months. 


Been there, done that!  So I completely understand the work that goes into it.  Take pride in your achievements - it's not easy.

 

Be sure to keep us all updated - good luck with the rest of your rebuild - and welcome to the forums!


Thanks! I appreciate it Smiley Happy

Message 21 of 27
DarkKnight_Credit
Established Member

Re: Would it be wise for me to remove First Progress credit card?


@Remedios wrote:

Just go for it when you're ready 

Worst case scenario, you end up with HP. That's hardly end of the world.

Best case scenario, you end up with a great card, and lose a free harvester, which is what FP is. 

 

 

Meanwhile, did you try to PC your cap one to QS yet? 

 


Hi, sorry, but what is PC?

Message 22 of 27
thornback
Senior Contributor

Re: Would it be wise for me to remove First Progress credit card?


@DarkKnight_Credit wrote

 

Hi, sorry, but what is PC?

Product Change.  You can see if you're eligible to switch to the Quicksilver card that may better serve you long term. It's just a switch, not a new account. 

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 1/12
Report Status: Clean


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 23 of 27
DarkKnight_Credit
Established Member

Re: Would it be wise for me to remove First Progress credit card?


@thornback wrote:

@DarkKnight_Credit wrote

 

Hi, sorry, but what is PC?

Product Change.  You can see if you're eligible to switch to the Quicksilver card that may better serve you long term. It's just a switch, not a new account. 


Oh ok! Yea, I have a Quicksilver account. 

Message 24 of 27
thornback
Senior Contributor

Re: Would it be wise for me to remove First Progress credit card?


@DarkKnight_Credit wrote:

@thornback wrote:

@DarkKnight_Credit wrote

 

Hi, sorry, but what is PC?

Product Change.  You can see if you're eligible to switch to the Quicksilver card that may better serve you long term. It's just a switch, not a new account. 


Oh ok! Yea, I have a Quicksilver account. 


Oh... well then that settles that...lol.   Prob assumed you currently had the cap one platinum. 

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 1/12
Report Status: Clean


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 25 of 27
Hex
Established Contributor

Re: Would it be wise for me to remove First Progress credit card?

If you have a preapproval I would go for it. The sooner you open the next account the sooner it ages. I wouldn't worry too much about the disco APR or credit limit because in the future they can raise your credit limit and lower your APR on the card and If your profile improves they very probably will do both (although it might take a year). I wouldn't close your first progress card until you're approved for the disco card and it reports. I'd close it as soon as Disco reports if there are any fees. If no fees you could wait the year but it might be good just to close the $200 limit card anyway. 

Message 26 of 27
DarkKnight_Credit
Established Member

Re: Would it be wise for me to remove First Progress credit card?

Ok for sure! My score just jumped up 30+ points two weeks ago! So there's other options right now, where I'm seeing prequalification for Chase cards in my bank account. After I get another card, I'll close out FirstProgress after the new card reports.


@Hex wrote:

If you have a preapproval I would go for it. The sooner you open the next account the sooner it ages. I wouldn't worry too much about the disco APR or credit limit because in the future they can raise your credit limit and lower your APR on the card and If your profile improves they very probably will do both (although it might take a year). I wouldn't close your first progress card until you're approved for the disco card and it reports. I'd close it as soon as Disco reports if there are any fees. If no fees you could wait the year but it might be good just to close the $200 limit card anyway. 


 

Message 27 of 27
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