HSBC

[Anonymous]

I closed my HSBC household card earlier this month because they wouldnt get rid of the annual fee $70 somethin bucks a year . This was after I paid in full so I had more room to bargin. I thought for sure they would give me some slack.. All they offered was a CLI , and no reduction on the APR  which was at 14%.. I told em to close it... Now I see my score dropped like 10 pts... go figure..  

[Anonymous]

Oh I forgot to mention I just did a refinance on my house Could that affect the score as well??

[haulingthescoreup]

If the refi appears as a new account, and it has inqs associated with it, that would do it.

Closing a CC won't affect your score unless you have balances reporting and the CL of the closed card was high enough that your total util is hurt.

[Anonymous]

1 hard pull for the refi....and household CL was 700.00, but from 05 slightly aged... i have nice mix of cards with good limits wayy higher than household bank card it was a starter card...fees, higher interest, low CL.....

[haulingthescoreup]

The card should continue to report for 10 years after closing. Read fused's "Closing Credit Cards", linked in my siggy.

Also, if you haven't already, please read Understanding Your FICO ® Score and Credit Scoring 101 (at least the first post.)

Message Edited by haulingthescoreup on 02-06-2009 03:13 PM