should i only keep 1 card instead?

[hoang817]

Hi all,

I had $300 limit on a card from premier bank car for over a year and now they just upgraded and sent me another card for $700 limit. Should i cancel the $300 card ? or keep both. and yes there a fee for each card each year.

will it hurt my credit if i cancel the card?

thank you for helping

[KatSoDak]

Did you apply for or agree to the second card?  

[hoang817]

Hi,

I agreed to the 2nd card and have been using it for 2 months already. no record of credit inquiry for the 2nd card is required.

Thanks

[SouthJamaica]

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@hoang817 wrote:

Hi all,

I had $300 limit on a card from premier bank car for over a year and now they just upgraded and sent me another card for $700 limit. Should i cancel the $300 card ? or keep both. and yes there a fee for each card each year.

will it hurt my credit if i cancel the card?

thank you for helping

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Since there are 2 fees involved, IMHO you should ask them to consolidate into one $1k account. If they won't do that, I would close the $300 account.

[Anonymous]

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@hoang817 wrote:

Hi all,

I had $300 limit on a card from premier bank car for over a year and now they just upgraded and sent me another card for $700 limit. Should i cancel the $300 card ? or keep both. and yes there a fee for each card each year.

will it hurt my credit if i cancel the card?

thank you for helping

---

First off I would never pay two fees for cards with that low of a limit.  Even if it was higher I wouldn't.  I had them when I got out of my BK13 and they were charging me almost 10 bucks a month regardless if I used it or not.  Got tired of that so early this year I canceled them. Got tired of them charging me for a card I never used.  So use the one card to get your scores up then kick them to the curb

[hoang817]

thanks all

called and cancelled it.