Should I get rid of my Capital One Secured card before it gets too old? I don't want to hold on to a secured card forever (which is what it feels like is going to happen) and I feel like it'd be better to get rid of it sooner rather than later. I could however be completely wrong in my logic. Happens more than I'd wish it did, lol.
Cards I currently have:
Discover (now unsecured)
Capital One (Secured)
Capital One Quicksilver
Local Credit Union Card
My scores are obviously still fairly low, but I feel like I have plenty of cards/accounts to adequately build my scores, without the need for the Capital One secured card anymore. What do you guys think? What more do you need to know?
IMHO, you could PC to another Cap1 when eligible(?) before closing the secured card. Also, depending upon whether closing it will hurt your current UTL% as you’ll lose that CL towards UTL. I believe with Cap1 you are allowed 2 cc’s. Other myFICO Vets may have a different approach(?)
Starting FICO 8 Score: EQ 491 Stating FICO 8 Scores 03/17/2018 TU 483 EX 527 EQ 491 Current FICO 8 Score: EQ 632 Goal Score: 600(within a year)**MET MY GOAL**