Should I keep my Merrick cards open?

[Revelate]

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@Anonymous wrote:

....and my FICO 8 scores are down by an average of 6 points with only one of the two reporting closed. This was not such a swell idea afterall, apparently.

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Closed card w/balance baslcally looks like 100% utilization as I understand it and that's about the same magnitude drop I got when I let one card report 99% something for reference so it's plausible if you're in a dirty bucket like I am.  Get that reporting correctly as 0 and it wouldn't surprise me if you got the points back.  Closing an account ain't a big thing, though I would've just paid them to zero except one and left them open when talking mortgage.

[Anonymous]

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@Revelate wrote:

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@Anonymous wrote:

....and my FICO 8 scores are down by an average of 6 points with only one of the two reporting closed. This was not such a swell idea afterall, apparently.

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Closed card w/balance baslcally looks like 100% utilization as I understand it and that's about the same magnitude drop I got when I let one card report 99% something for reference so it's plausible if you're in a dirty bucket like I am.  Get that reporting correctly as 0 and it wouldn't surprise me if you got the points back.  Closing an account ain't a big thing, though I would've just paid them to zero except one and left them open when talking mortgage.

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+1 I think Revelate has found the culprit. I've closed over a half a dozen cards and score was only negatively affected once when Comenity reported my HSN card closed with a $39 balance and no stated limit. 

[Anonymous]

Hopefully so!! I'll see if I can get them both to report zero owed asap!