Did I do the right thing?

[princessminor]

So I closed my creditone card after finally paying it off in full a couple of days ago.  My limit was $2,100 and I'm now wondering how badly will this affect my score.  My husbnad also paid his off but he's chicken and said he's not closing it yet.  We have 31 cards in all and I think this one closed card can't make that much of a dent.  Was I correct to close?

[takeshi74]

See the Closing Credit Cards thread linked in the Helpful Threads sticky in the Credit Cards subforum.

[princessminor]

Thanks!

[TheConductor]

With 31 tradelines, I would not think twice about closing one as undesirable as CreditOne.

You might see a temporary dip due to the reduction of available credit, but it should be slight if it happens at all.

A few more months of timely payments on your other accounts ought to be sufficient to smooth out any drop.

[princessminor]

Thanks!!