thinking about closing some cards

[SunriseEarth]

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@ChistineNJ wrote:

with all my recent apps/approvals and cli. I need advice, i think i want to close some accounts mainly my rebuilder accounts but i dont know if its a good move or not

i have 2 cap 1 accts cli  QS1650 and plat 1000 these accounts were opened right after my bk and the QS 6months later.

cu partially secured i dont think the limit will ever increase its a HP and its will only be 100 right now the limit is 800 <-- no brainer i can get my $ back and throw it in my savings

Express hardly ever really do major shopping there i just started getting increases. 

Jcrew never used the card not even once obtained in doing the SCT

barclays rewards i just got a cli this weekend i really wanted to toss this one but since they did a HP i might as well keep it 

so do you guys think its a good idea to toss 2 capital one TL ? they are 2years and 1 1/2 years old i have the venture now to replace them with.

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And now for more opinions...

Have you attempted to PC the Platinum?   if you're going to keep it, you may as well make it useful.   I would close the secured CC and leave the rest open.   You do need a certain amount of zero balances.   However, if you're just trying to simplify your credit portfolio, then closing the store cards that aren't useful might be nice for that purpose.   Just make sure it won't impact your UTIL too much.  

[CreditUnionFan]

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@SunriseEarth wrote:

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@Anonymous wrote:
lol everyone is saying different stuff...

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Everyone has a different opinion on SD vs closing, store cards vs bank cards, and all sort of other things.   I think that's why it's good to seek a variety of opinions.   Credit isn't a one size fits all.   I'm not too surprised we're all saying different things.   

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Perhaps the one common thread is that cards with annual fees should either be converted (PC'd) or closed once credit is established elsewhere.

A long, long time ago I had a secured account with Chase Manhattan Bank, and instead of Delaware they were issued out of Old Bethpage NY. CMB refused to unsecure the account or even waive the annual fee, so I applied for a new Bell Atlantic MC, issued by Chase (DE). With the new MC in hand, I called and closed out the secured card. Over time, the two-year old account is long off of my report, but that Bell Atlantic MC has been PC'd over time and is currently living its life as a Freedom card.