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Yeah will recover a few moths afterwho cares if it drops a couple points, less debt and less interest.
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Yeah will recover a few moths afterwho cares if it drops a couple points, less debt and less interest.
I mean, if there's no annual fee, why not leave it open,I have a credit card from Macys that I opened up a couple years back. Low limit, like 500, no balance and I haven't used it in months. Is there a proper way to cancel it? What type of hit am I looking at for my score?
Like I said that card was from years back and may be my first card opened. I guess my biggest concern is that I'd be closing my longest running CC.
I have two other active cards with greater limits that I'm using and pay monthly.
I have a credit card from Macys that I opened up a couple years back. Low limit, like 500, no balance and I haven't used it in months. Is there a proper way to cancel it? What type of hit am I looking at for my score?
Like I said that card was from years back and may be my first card opened. I guess my biggest concern is that I'd be closing my longest running CC.
I have two other active cards with greater limits that I'm using and pay monthly.
I mean, if there's no annual fee, why not leave it open,
I literally have one too I opened like 5-6 years ago, never used it. Its just sitting there but im not gonna close it,
if its your longest running CC, id leave it open.
Don't cancel it. Leave it open and never use it again. Being that it's your longest running CC, your CScore will take significant hit, if the account is closed.
Maybe I need to read more into it or look back in this thread, but I thought even leaving a CC open and not using it was bad? Even if it's at a zero balance.
Surprised Macys hasn't tried that with me.how can a credit line be bad?
Only way it’s bad is some store cards will close your card if you don’t use it aka target. They closed one of my cards and warn me once or twice a year to use it or they would close it
Surprised Macys hasn't tried that with me.
Last question, say I keep it, would increasing my credit limit with them be bad? They ask me now and then to update my financial status to approve a bigger limit I just haven't.
increase is goodSurprised Macys hasn't tried that with me.
Last question, say I keep it, would increasing my credit limit with them be bad? They ask me now and then to update my financial status to approve a bigger limit I just haven't.
I'm in the same boat with a store card I opened back in 2018 for a mattress.I have a credit card from Macys that I opened up a couple years back. Low limit, like 500, no balance and I haven't used it in months. Is there a proper way to cancel it? What type of hit am I looking at for my score?
Like I said that card was from years back and may be my first card opened. I guess my biggest concern is that I'd be closing my longest running CC.
I have two other active cards with greater limits that I'm using and pay monthly.
Pull?Increasing your credit limit with them would be a positive move. It would lower your credit to debt ratio(if you have debt). Or just increase available credit overall.
Just make sure they're not doing a hard pull. Not sure about department store cards but normally its a soft pull and no damage to credit.
Not tryna preach but you should be paying off the balance in full each month. These interest rates are robberyPull?
Not really sure what I'm gonna do with the card. Haven't checked my credit score but it can't be that bad, I pay more then the minimum and always on time.
Like just out of curiosity how many points can I get hit with?
Pull?
Not really sure what I'm gonna do with the card. Haven't checked my credit score but it can't be that bad, I pay more then the minimum and always on time.
Like just out of curiosity how many points can I get hit with?
is amex gold worth getting?
Quick question,
i haven old cap1 card with 1550 limit... i paid the balance in full last week and I just got hit with a purchase interest charge. I haven’t purchased anything on this card for months.
Am i to expect an interest charge every month even though I have paid the balance off? Confused...