Not renewing the same as closing? - myFICO® Forums - 450304

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I have a Sam's club card and have had it for a few years now. I never been late and alway's paid it in full. I had a $500 credit limit and got a letter stating they pulled my equfiax report and decided to lower my limit to $100. My score is close to 600 and it is now time to renew. I'm not sure with such a drop and paying 40 bucks to renew if it is actually worth keeping. I only use it for the gas since it is the cheapest place but is it worth it? Is it the same as closing and will my score suffer?

Message 1 of 5

4 REPLIES 4

$40? Say bye bye.

Message 2 of 5

+1

smallfry wrote:
$40? Say bye bye.

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Message 3 of 5

I think the $40 renews the Sam's club membership, not just the card. A job I had years ago keeps renewing mine

But it's not a credit card, just a membership card.

Message 4 of 5

Shredded the card and god it felt so goood thanks everyone besides one less bill to pay.

Message 5 of 5