My question is what effect will closing a new account have if your utililzation remains at about 15%? I got a ding on my report for too much avail credit suggesting I close an account or lower limits.
As you probably know, Brammy, the main reason why you don't want to close an account is because by closing it you reduce your available credit, which can then increase your utilization percentage. So, if you're saying that your revolving utilization is about 15% regardless of whether this new account open or closed, then there shouldn't be any negative impact to your score from closing it. Are you closing the new account to avoid further fees?
And I'm curious about your comment about getting dinged for too much available credit. Is that what one of the negative reason codes you received with your score said?