Closing small cards

[Anonymous]

So I have about 6 recently opened cards with $300-$500 credit limits, all with 0 balances. Would it hurt my score to close them out? I have been rebuiding for a few years and I am finally up to 670.

[RSX]

more details are needed

what does 'recently' mean?

what about cards other than these low limit recent ones?

give your full list and people can help out

i try not to close any cards until they are at least 13 months old

[Anonymous]

These were all opened over the last 12 months or so. I went a little crazy when I started getting approved

Cap one $500 

Walmart $300

Kohls $300

Macy's $600

Children's Place $300

Paypal MC $700

Lowe's $300

Overstock $2000

Wayfair $2000

i have a few cards with balances which I plan to pay down

Discover $3300 limit, $1500 balance

American Express $1000 limit, $500 balance

Care Credit $1100 limit, $500 balance

I am also an authorized user on 3 of my husbands cards which have a utilization of about 50%

[RSX]

ok - my opinion below - anything that says Close, i would close after they turn 13 months

your current personal Utilization is only 20% 

it will only rise to 23% without these cards 

The AU cards are not helping you being at 50%

i would remove all AU - you have enough cards on your own - and this will drop your overall utilization

though the remaining cards have low limits (most of them) they all have a chance to grow - so i would stick with them for now

cap1/lowes/amex/discover/care credit are all SP for CLI's

so you could keep using them and checking for a CLI every 3-6 months or so (less often is better during these times)

cap1	500
walmart	300	Close
kohls	300	Close
macys	600	Close
childrens place	300	Close
paypal mc	700
lowes	300
overstock	2000
wayfair	2000
discover	3300	1500
amex	1000	500
care credit	1100	500
	Total CL	Util	%
	12400	2500	20

[Anonymous]

Thank you!!

[Anonymous]

If you do shop at Kohl's, if you do want that card at all, apply for a cli, that is the most liberal card for cli in the whole capital one portfolio by far, mine grew from 300 to 1500 in a year, I got my first at 6 months and then one every 91 days with very minimal use, also try Lowe's for cli, I do concur with rsx close all that stuff except maybe kohls if they will grant cli, but Walmart is useless and does not grow since cap one took over