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Right now my credit is fairly fresh and new; I opened 4 account the past couple months with one of them being an experiment.
Fingerhut: Roughly a year and 3 months
Discover: 4 Months
Capital One: 4 Months
New Car: 2 Months
Hutton Chase: 4 Months
I opened Hutton Chase because there was a $1500 approval and I wanted to see if Fingerhut or Capital One will see a lender is trusting me with that much cash and hopefully increase my limit. Fingerhut ended up taking the bait in April going from $950 to $1500 and matched the credit limit. So now I really have no need for this type of department store card, will I majorly take a hit on my credit by closing the account paid in full? And if I do end up closing should I apply for a secured card such as CitiBank or just relax and let everything age
@dragontears wrote:
My advice is if the account is not costing you anything keep it open for a year.
Relax and let your current accounts age and you might be in a position to skip secure cards
After I pay off the $60, they'll charge $20 per month to keep the Hutton Chase account open. That's just money down the drain to be used toward something else.
@Anonymous wrote:
Hutton Chase: 4 Months
I opened Hutton Chase because....
Do they report to all three CRA's?
@800FICOGoal wrote:
@Anonymous wrote:
Hutton Chase: 4 Months
I opened Hutton Chase because....
Do they report to all three CRA's?
It's only being reported to TU and EQ, one of the other reasons why I want to close it and possibly replace it with another secured card that reports to call 3 and relax for a year then apply for my final card through my credit union.