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Should I close my BuyPower Card?

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Re: Should I close my BuyPower Card?

For a quick score boost, pay off both Cap1 cards, Amex ED, Penny's, and Nordstrom. Not counting the BuyPower card that will give you 5 cards reporting a zero balance and 4 reporting a balance. That will eliminate the penalty for having over half of your cards reporting a balance.
Message 11 of 13
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Established Member

Re: Should I close my BuyPower Card?


@rmduhon wrote:
For a quick score boost, pay off both Cap1 cards, Amex ED, Penny's, and Nordstrom. Not counting the BuyPower card that will give you 5 cards reporting a zero balance and 4 reporting a balance. That will eliminate the penalty for having over half of your cards reporting a balance.

Thanks for the quick tip! I'll do that today. I paid of Cap1 cards, but was interest accrued. Good call. I'll pay those off.

Starting EQ: 601 | EXP: 623 | TU: 637 (2/17)
Current EQ: 684 | EXP: 691 | TU: 722 (8/17)

Goal EQ: 750 | EXP: 750 | TU: 750 (12/17)
Credit Card Debt Free Goal: March 2018

*NEW* Chase Freedom Unlimited $0 ($4,000) | *NEW* Discover It $0 ($5,000) | *NEW* Barclay Card NFL Extra Points $0 ($6,000) | *NEW* Marvel Mastercard $0 ($4,000) | *NEWLY UPGRADED* Nordstrom Visa $0 ($7,000) | American Express Every Day $0 ($1,000) | *NEWLY UPGRADED* Capital One Quicksilver $0 ($3,900) | Capital One Platinum $0 ($3,500) | Bayport Credit Union $6,876 ($7,500) | American Express Delta $1,400 ($2,000) | BarclayCard Visa $3,105 ($3,190) | Macy's $1,701 ($3,000) | JC Penney $0 ($3,500) | Bayport Credit Union Flex Account $2,029.68 ($3,000) | Synchrony Amazon $2,728.40 ($4,000)

Other Debt

Car Loan - Payoff Date 9/17 (60 month loan) Smiley Happy Smiley Happy Smiley Happy Happy Dance
Mortgage
Student Loans
Message 12 of 13
Highlighted
Established Member

Re: Should I close my BuyPower Card?


@rmduhon wrote:
For a quick score boost, pay off both Cap1 cards, Amex ED, Penny's, and Nordstrom. Not counting the BuyPower card that will give you 5 cards reporting a zero balance and 4 reporting a balance. That will eliminate the penalty for having over half of your cards reporting a balance.

Back to back approvals. First in 18 months. I think I'm going to rest in the garden for a few months. 

 

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Starting EQ: 601 | EXP: 623 | TU: 637 (2/17)
Current EQ: 684 | EXP: 691 | TU: 722 (8/17)

Goal EQ: 750 | EXP: 750 | TU: 750 (12/17)
Credit Card Debt Free Goal: March 2018

*NEW* Chase Freedom Unlimited $0 ($4,000) | *NEW* Discover It $0 ($5,000) | *NEW* Barclay Card NFL Extra Points $0 ($6,000) | *NEW* Marvel Mastercard $0 ($4,000) | *NEWLY UPGRADED* Nordstrom Visa $0 ($7,000) | American Express Every Day $0 ($1,000) | *NEWLY UPGRADED* Capital One Quicksilver $0 ($3,900) | Capital One Platinum $0 ($3,500) | Bayport Credit Union $6,876 ($7,500) | American Express Delta $1,400 ($2,000) | BarclayCard Visa $3,105 ($3,190) | Macy's $1,701 ($3,000) | JC Penney $0 ($3,500) | Bayport Credit Union Flex Account $2,029.68 ($3,000) | Synchrony Amazon $2,728.40 ($4,000)

Other Debt

Car Loan - Payoff Date 9/17 (60 month loan) Smiley Happy Smiley Happy Smiley Happy Happy Dance
Mortgage
Student Loans
Message 13 of 13
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