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Advice needed for strategically closing cards

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Revelate
Moderator Emeritus

Re: Advice needed for strategically closing cards


@KJinNC wrote:

I have a related question that I'll add here to avoid spammy similar threads. But let me know if this should be a separate thread.

 

I just kicked off my rebuild/build process in the past two months and made some decisions I regret, mainly to do with hard inquiries ... can't do anything about those, but I also opened four cards, and long story short, I am wondering if I should close the card I don't want now or whether I should sock-drawer it and close it later. Account age and credit limit are not major factors in this case. I just don't trust the card and am paranoid about some mystery 50-cent charge appearing with no notification and getting dinged for late payment. This card has a payment interface and notification system that I am pretty sure were created by a chortling pimp. My trust level is nil. But I'm probably just being paranoid.


Probably being paranoid but what card is it?




        
Message 11 of 14
KJinNC
Valued Contributor

Re: Advice needed for strategically closing cards

Green Dot Primor. Thanks



FICO Resilience Index: 64. Cards: 5/24, 2/12, 2/6. Accounts including loans: 8/24, 4/12, 3/6. Card CLs total $213,900, or $240,400 including the AU card. Cards (oldest to newest)

Authorized user / Corporate / Auto loans / Personal loan
Message 12 of 14
Revelate
Moderator Emeritus

Re: Advice needed for strategically closing cards


@KJinNC wrote:

Green Dot Primor. Thanks


Should really be fine, just the $39 AF means you might not want to carry it for that long but I'd probably just hang on to it for six months and then close if you really don't want it.




        
Message 13 of 14
SouthJamaica
Mega Contributor

Re: Advice needed for strategically closing cards


@KJinNC wrote:

I have a related question that I'll add here to avoid spammy similar threads. But let me know if this should be a separate thread.

 

I just kicked off my rebuild/build process in the past two months and made some decisions I regret, mainly to do with hard inquiries ... can't do anything about those, but I also opened four cards, and long story short, I am wondering if I should close the card I don't want now or whether I should sock-drawer it and close it later. Account age and credit limit are not major factors in this case. I just don't trust the card and am paranoid about some mystery 50-cent charge appearing with no notification and getting dinged for late payment. This card has a payment interface and notification system that I am pretty sure were created by a chortling pimp. My trust level is nil. But I'm probably just being paranoid.


Close it.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 14 of 14
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