Should I close my 2 oldest CCs?

Here's my rebuild since my 1/31/2011 BK7 discharge: (Card/Date Opened/CLBest Buy Rewards MC 10/14/2011 2,000
Merrick Bank Visa 12/1/2011 3,100
Barclays Rewards MC 4/10/2012 3,000 (Was $5700 CL, moved $2700 to NFL)
Cap One Rewards Visa 10/1/2014 10,000
Barclays NFL 3/27/2015 7,700 (Just under 60% util w/0% BT)
BoA Secured 5/13/2015 300
Discover It 7/7/2015 4,000
subtotal 30100 Store Cards:Walmart/Synchrony 2/1/2013 5000
Lowes/synch 1/30/2015 5000 Total Available Credit: $40,100 Total Utilization: 15%, QS & Rewards MC report PIF monthly usage, NFL & Lowes report 0% APR balances, all others report $0 bal I'm probably going to close the 2 oldest CCs by the end of the year. The BB MC was opened with HSBC with a $59 annual fee, it posts in early Nov. I earn more than that in Reward Zone certificates, but now that I have better reward cards why have most of the rewards I earn on that card offset an AF? I plan to call them in Oct and tell them I'm no longer willing to pay any AF. Being Citi I expect them to refuse to waive the AF and if they do I'll tell them "Then close the account immediately". Merrick Bank was an great rebuild card but I've outgrown it with reward cards w/much better CLs. I haven't used it since I got Cap1 QS Oct, but I've been keeping it active by letting 2 small monthly bills totaling less than $20 charge to it. I don't expect Merrick to be happy with that for much longer and will take AA by lowering the CL, which would prompt me to close it - that's what happened to my Target Redcard. That Bank of America secured card that looks so out of place opened just this last May? I had 1 CC from them included in my BK7 and want to eventually get a Fidelity Amex, so I wanted to get back in with them. Plan to app to convert to unsecured early next year, and then app for Fidelity Amex in 2017 when all 9 derogatory IIB accounts fall off CR. I've budgeted an agressive payment schedule on the NFL card to get the balance down below 30% util by Dec. even though the 0% BT (used to payoff a Prosper loan) doesn't expire untill Fall 2016, that high.util dings my CS. At that point I'll app for Sallie Mae and think the SL will offset the loss of $5100 in CLs from closing BB MC & Merrick. I'm not worried about the hit to my AAoA, the advice here is that closing cards does not affect your AAoA, and AAoA only has medium impact anyway. Thoughts?

NRB525 wrote:
AAoA, likely is not affected too much by closing the accounts, however...You have some balances still, so if the Merrick doesn't have an AF, there's no reason to close that. You've got a basic charge flow going through there. They might close or CLD it, but why speed up the uncertainty? Let it ride. It may take them 3 years to get around to doing anything. Or never. Thanks for the advice. No, I won't take any action on Merrick, only react if they do a CLD or close. Yeah, I learned the hard way with Target Redcard dont' sockdrawer, I didn't use if for almost a year and they lowered the CL from $1k to $200 and I never could get them to raise it back even with small monthly usage. So as long as Merrick is happy with $20/mo usage I'm good with that. My Merrick card never had any fees while many of the newly issued cards have an AF, so I just suspect they're not going to be happy with no fees and no 25+% APR balances from me for very long._____________________________________________________________________________Good luck with the Best Buy change, to no AF. I don't have any experience with that, but it's something you might want to start the conversation earlier, try to PC to no AF. Keeping that account open, if you are earning rewards, keeps that oldest card active and earning. Worth the effort, if you ask me. Well, there is no 'PC', other MyFico members tell me they didn't even know an AF BB card existed. I actually did call last Oct and asked to have the AF waived The rep outright lied to me, telling me "Oh, the Mastercard always has an annual fee". I think that since HSBC issued it with an AF Citi just wants to hang on to it. It does give me 2% rewards for groceries, but the rewards can only be used as certificates to lower the price of a Best Buy purchase, and I just don't shop BB as much as I used to, I'd rather get 2% cashback rewards with Barclays Rewards MC. With no AF I'd keep it, but it's no longer worth $59/yr in fees to me to have it. _______________________________________________________________________________The 0% APR may be "hurting your score" but you are saving money. If it is in your cash flow to get it paid down, fine, but with several new accounts it is unlikely you should be looking at new cards, thus scores not matter. You do want to pay it off prior to the 0% expiration however Well, it is an agessive payment schedule to pay NFL down to 30% util by the end of the year, but then I plan to "coast" with slightly more than the min payment until the 0% nears expiration and budget to PIF before expiration. The first part of the year I'm always scrimping to sock away as much as I can into my IRA as prior year contributions by April 15.

Similar Messages

  • Why should we close a connection

    Hi,
    Connection conn = DriverManager.getConnection (databaseUrl, userName, userPassword);
    Why should we close a connection
    conn.close();
    Even when i give no "close command", it works !
    Thank You
    Edited by: ashipj on ?? ????????, ???? ?:?? ???????

    My code frequently fetches data from database, so i created a class like this
    public class ConnectToDatabase
    /*             public ConnectToDatabase()
                                    Connection conn;
         public ResultSet selectS(String userQuery) throws Exception
              String userName = "root";
              String userPassword = "gal";
              String databaseUrl = "jdbc:mysql://localhost:3306/test";
              Class.forName ("com.mysql.jdbc.Driver");
              Connection conn = DriverManager.getConnection (databaseUrl, userName, userPassword);
              String query = userQuery;
              Statement S=conn.createStatement();
              ResultSet RS=S.executeQuery(query);
                                    //conn.close;
              return RS;
                                    //conn.close;
    /*              public void closeConnection()
                                    conn.close;
    }and from the main code i make call as given below (it works fine)
    ConnectToDatabase CTD=new ConnectToDatabase();
    ResultSet result=CTD.selectS(String userQuery);
    //CTD.closeConnection();Now my problem is
    1) If try to give "conn.close()" before "return RS;" It will show error (RS cannot be fetched after closing connectio)
    2) If write conn.close after return it wont be executed (ofcourse - unreachable statement)
    3) If use "CTD.closeConnection();" it gives errror saying that "cannot find conn(in closeConnection()) " i dont know why constructor is noy loaded.

  • MenuBar should not close when menuitem is selected

    MenuBar should not close when menuitem is selected so that user can check multiple menu items

    PopUp a List instead.
    Alex Harui
    Flex SDK Developer
    Adobe Systems Inc.
    Blog: http://blogs.adobe.com/aharui

  • EntityManagerFactory - when should be close ?

    Hi ,
    I am using TOPLINK and getting after some time of application running an Error :
    Exception [TOPLINK-4002] (Oracle TopLink Essentials - 2.0 (Build b41-beta2 (03/30/2007))): oracle.toplink.essentials.exceptions.DatabaseException
    Internal Exception: com.mysql.jdbc.exceptions.jdbc4.CommunicationsException: Communications link failure
    This is probably because I am closing EntityManagerFactory, and than calling it again with out checking (emf.isOpen())...
    OK my fault, but the main question is , should I close EntityManagerFactory after done job, and than every time when I need it again opening ?
    Or leave open as a private Attribute ? :
    private EntityManagerFactory emf = Persistence.createEntityManagerFactory("TestModel", new java.util.HashMap<String, String>());thank you, greetings
    andrzej
    Edited by: andrzej76 on Aug 30, 2010 1:30 AM

    Hi ,
    I am using TOPLINK and getting after some time of application running an Error :
    Exception [TOPLINK-4002] (Oracle TopLink Essentials - 2.0 (Build b41-beta2 (03/30/2007))): oracle.toplink.essentials.exceptions.DatabaseException
    Internal Exception: com.mysql.jdbc.exceptions.jdbc4.CommunicationsException: Communications link failure
    This is probably because I am closing EntityManagerFactory, and than calling it again with out checking (emf.isOpen())...
    OK my fault, but the main question is , should I close EntityManagerFactory after done job, and than every time when I need it again opening ?
    Or leave open as a private Attribute ? :
    private EntityManagerFactory emf = Persistence.createEntityManagerFactory("TestModel", new java.util.HashMap<String, String>());thank you, greetings
    andrzej
    Edited by: andrzej76 on Aug 30, 2010 1:30 AM

  • Should I close close Parallels before installing Mountain Lion?

    Should I close Parallels before installing Mountain Lion?

    Thanks, William, for the speedy reply.  I hope I'm one of the lucky ones that can give the update 5 stars.  I upgraded my Parallels to version 8 and found a slight speed increase. Everything is backed up in case the upgrade causes problems.

  • Should PreparedStatement close before continue next PreparedStatement ?

    Hi guys,
    For instance, I need to use PreparedStatement for several insert and update like below:
    Connection conn; // got the connection
    PreparedStatement pstmt = conn.prepareStatement("insert ......");
    pstmt.addBatch();
    pstmt.executeBatch();
    *// should I do a pstmt.close() here ?????????*
    pstmt = conn.prepareStatement("update......");
    pstmt.addBatch();
    pstmt.executeBatch();
    Thanks & Regards,
    Mark

    kmthien wrote:
    Yes, I am using apache DBCP and using the example code here :
    http://www.freshblurbs.com/jakarta-commons-dbcp-tutorial#comment-544
    However, In my class, I need to connect to 2 database, 1 is local and another 1 is remote.Location doesn't matter.
    I don't know how to create and initialize 2 connection pooling as when I initialize 2 connection pooling, it jus treated it as 1 only.This is of course completely different from your first question. Did you google?

  • Should i close reader or inputstream ?

    for buffered writer classes, i know that i have to close so that it can flush the buffer.
    i wonder what's the need for closing stream which is opened for reading?
    thank you

    Both readers and writers should be closed when you don't need the streams anymore. Maybe it doesnt seem necessary to close a stream, but its a good programming practise to do so. If you read from a file, I think it can hold a lock on the file so you can't read it from another program until your java program exits. And if it's a socket connection, you could easily use all the allowed connections (on windows at least) if you don't close them.
    The buffered writer class has a flush method you can use if you want to keep the stream open.

  • Should I close First Premier now or wait:

    Hello good people I have a dilemma and am wondering if I should close a couple of accounts that are really serving me no purpose. These stupid First Premier cards and a Credit One card. First  Premier like so many others was my first card then Credit One then another First Premier. I also have at the time 3 Capital One cards a Barclay Rewards card and a partially secured BOA card as well as some store cards. I want to close it but do not know all of the pros and cons of doing so. I am only keeping them so my overall cl will be higher especially since I do not have any prime cards or limits over $1300 yet. I want to close them but do not want to shoot myself in the foot what should I do.???

    minicook wrote:
    Hello good people I have a dilemma and am wondering if I should close a couple of accounts that are really serving me no purpose. These stupid First Premier cards and a Credit One card. First  Premier like so many others was my first card then Credit One then another First Premier. I also have at the time 3 Capital One cards a Barclay Rewards card and a partially secured BOA card as well as some store cards. I want to close it but do not know all of the pros and cons of doing so. I am only keeping them so my overall cl will be higher especially since I do not have any prime cards or limits over $1300 yet. I want to close them but do not want to shoot myself in the foot what should I do.???I'd close them for sure. You have much better cards that aren't costing you so much money, so you don't need those cards. Their history will continue to help you for quite some time. If you still have enough credit without them, get rid of them. Utilization shouldn't be an issue. If you will end up going over 70% total utilization every month, I'd reccomend paying the card off in the middle of the month so you're not appearing maxed out. The only other thing to do would be to PIF before statement cut on all but one card and leave 1-9% unpaid until the statement is created, but you should only do that when you're applying for new credit. Overall, they aren't helping you enough to justify their cost.

  • Where should I close my cursor when an Exception arise ??

    Hi all,
    My program has many procedures and functions. Among them I have a main procedure where everything starts, and everything should ends.
    My main procedure has also an exepction part with a when others clause to log any unexpected exception.
    I have another procedure (let's call it P1), that is called from my main procedure, where i use an explicit cursor in a bulk collect. While i process all my cursor data, i call many others procedures and functions, and they might call many others also.
    In P1 i also have an Exception part, where i have a When others clause (in case an unexpected execption arise in any other procedure or function) where I close my cursor and raise the exception to my main procedure.
    My problem is that when an exception is raised to my main program (from P1), i lose the true error line number of the exception. I am using this function to get my error trace: dbms_utility.format_error_backtrace.
    I did a test, and I commented the exception part in P1, so that all exceptions goes straighly to my main procedure, and the result it was that I could see the true error line again.
    So my problem was the raise statement in the when others inside of P1.
    The thing is that I need to close my cursor in case of any exception, but if I do it in the when others, I will lose the true error line number of the expection.
    By the way I can’t declare my cursor variable as global, so that I can remove the exception part in P1, and close my cursor in my main procedure.
    I will really apreciate your help.
    (I am using Oracle Databas 11g).

    919448 wrote:
    The cursor i am using is a ref cursor, so i have to close it explicitly as per you said.
    The thing is that i don't want to lose my error line number when i raise the exception :(
    Too bad if i can't get both things to be done.
    I was thinking of creating my cursor variable in the main procedure, and send it as an input parameter to P1, so that i can close the cursor from the main, in case a exceptionExactly why does the error backtrace not work? Have you tried recording it earlier rather than later? E.g.
    SQL> create or replace type TStackStruct is object(
      2          time timestamp,                      
      3          sqlCode integer,                     
      4          stack   varchar2(32767)              
      5  );                                           
      6  /                                            
    Type created.
    SQL> create or replace type TStackArray is table of TStackStruct;
      2  /                                                          
    Type created.
    SQL> create or replace package SessionData is
      2          stackArray      TStackArray;   
      3          procedure AddException( errCode integer );
      4          function Stack return TStackArray;       
      5  end;                                             
      6  /                                                
    Package created.
    SQL> create or replace package body SessionData as
      2                                              
      3          procedure AddException( errCode integer )  is
      4          begin                                       
      5                  if stackArray is null then          
      6                          stackArray := new TStackArray();
      7                  end if;                                
      8                                                         
      9                  stackArray.Extend(1);                  
    10                  stackArray( stackArray.Count ) := new TStackStruct( SysTimestamp, errCode, dbms_utility.format_error_backtrace );
    11          end;                                                                                                                    
    12                                                                                                                                  
    13          function Stack return TStackArray is                                                                                    
    14          begin                                                                                                                   
    15                  return( stackArray );                                                                                           
    16          end;                                                                                                                    
    17                                                                                                                                  
    18  end;                                                                                                                            
    19  /                                                                                                                               
    Package body created.
    SQL> create or replace procedure ProcA is
      2  begin
      3          raise NO_DATA_FOUND;    --// ProcA line 3 : error source
      4  exception when OTHERS then
      5          SessionData.AddException( SQLCODE );
      6          raise;
      7  end;
      8  /
    Procedure created.
    SQL> create or replace procedure ProcB is
      2  begin
      3          ProcA;
      4  exception when OTHERS then
      5          SessionData.AddException( SQLCODE );
      6          raise;
      7  end;
      8  /
    Procedure created.
    SQL>
    SQL> begin
      2          ProcB;
      3  exception when OTHERS then
      4          SessionData.AddException( SQLCODE );
      5          raise;
      6  end;
      7  /
    begin
    ERROR at line 1:
    ORA-01403: no data found
    ORA-06512: at line 5
    SQL>
    SQL> select * from TABLE(SessionData.Stack);
    TIME                              SQLCODE STACK
    08/MAR/12 18:38:09.425072             100 ORA-06512: at "BILLY.PROCA", line 3
    08/MAR/12 18:38:09.425384             100 ORA-06512: at "BILLY.PROCA", line 6
                                              ORA-06512: at "BILLY.PROCB", line 3
    08/MAR/12 18:38:09.425463             100 ORA-06512: at "BILLY.PROCB", line 6
                                              ORA-06512: at line 2

  • I want to shut down my mac pro (retina display) but when I try to it says that in the finder some operations are still open and i should go close or cancel them. The problem is that I have nothing running or in use. Is it the remote disc or what?

    nothing seems to be wrong, so i am a little unsure of what the problem could be..

    Press Alt, Command and Esc keys, select Finder in Force Quit and force close it. Then, you will be able to restart. You can also try to press Control, Command and Eject keys

  • I cant shut down my macprobook its showing error that safari should be close first but the safari not open

    i have tried to close my macbook pro .but when i ma going to shutdown its showing me error message by saying safari need to be close but the safari is already closed its not geeting shutdown just i can make my mac in sleep mode

    Press option+Carl+escape keys, then in the Force Quit list select Safari. Click Force Quit button, click Confirm.

  • Should I close this account?

    So I have been thinking about closing my secured card with SDFCU. When I got it, I never thought Id get unsecured cards so quick and never use it anyways. However, I was worried about score dropping. I have no idea what my AAOA is. My credit history started 10 years ago, but all those cards I had were charged off, and due to fall off in 3-4 years. I have student loans starting in 2008 through 2014, and then consolidated in 2014 so originals were "payed". Finally had a car loan that was opened in 2009 and paid off in 2014. Here is all of my current accounts in the order I got them: FingerHut- Opened First of February 2015SDFCU- Late February 2015Capital One QS- Late February 2015Capital One Plat- Late February 2015Capital One Venture- April 23, 2015Amazon- June 2015Walmart- June 2015Home Depot- June 2015 If I were to close the SDFCU, would I get a big drop in scores? I know it will stay on there as a good account. It is just a $250 secured card, that I thought I would need for a while, but got pre-approved for cards before I thought I would. Never closed an account so I dont know what negative effects there is.

    Your AAoA will not drop if you close an account. What will cause a score to drop after closing an account is utilization and how that will affect your DTI ratio. Most of your accounts were opened this year and around the same time so your AAoA tooka dive already. The credit limits on your other accounts and balances will determine if you lose points after closing the account. As you already mentioned, the closed account will still show as a positive trade line for 10 years from the date of closing. If it were me, I would keep that account open for at least a year before closing to show some history.UMrk wrote:
    So I have been thinking about closing my secured card with SDFCU. When I got it, I never thought Id get unsecured cards so quick and never use it anyways. However, I was worried about score dropping. I have no idea what my AAOA is. My credit history started 10 years ago, but all those cards I had were charged off, and due to fall off in 3-4 years. I have student loans starting in 2008 through 2014, and then consolidated in 2014 so originals were "payed". Finally had a car loan that was opened in 2009 and paid off in 2014. Here is all of my current accounts in the order I got them: FingerHut- Opened First of February 2015SDFCU- Late February 2015Capital One QS- Late February 2015Capital One Plat- Late February 2015Capital One Venture- April 23, 2015Amazon- June 2015Walmart- June 2015Home Depot- June 2015 If I were to close the SDFCU, would I get a big drop in scores? I know it will stay on there as a good account. It is just a $250 secured card, that I thought I would need for a while, but got pre-approved for cards before I thought I would. Never closed an account so I dont know what negative effects there is. 

  • Should I close my account?

    My computer was stolen, is it better to close the account?

    It is not possible to close iTunes accounts.
    Even if it were, doing so would make any content acquired with that account useless.

  • Once I install lates Adobe flash player why should I close internet explorer and why I to reapeat ?

    My problem with Adobe Flash player installation is two fold : 1- I have to close internet expl;orer every time  after it was installed  already ?
    2- Why I have to repeat the installation when another window opens and you requitre another installation ? Why _ Why ?

    Do you see the animation and version displayed when you visit this page?
    Flash Player Version
    Do you see something similar to this screenshot when visiting this page?
    http://www.bobbyvandersluis.com/swfobject/testsuite_2_2/test_dynamic_multiple.html

  • How to close main window on click of a button on popup window

    Hi All,
    I have created a web page which on certain condition display a popup window to to provide information. Wht i want is that when i click on close button on my popup window, my main window should also close.
    Can anyone please help with this requierment!!!
    Regards,
    tushar

    Hi All,
    Could anyone of you please help me by answering the thread
    WDDOEXIT method not called when the application is closed from the portal
    Thanks,
    Subash M

Maybe you are looking for