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Posted in Credit Cards
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Question By
manderson77

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2 People Helped
Advice on credit card cancellation and/or consolidation
I have been thinking about closing my two applied bank accounts due to the fees or possibly combining my capital one cards. Thoughts? Will combining cards hurt my credit age as well as closing my applied bank cards?

My goal is to get my score to 800 points and i am afraid i might mess my score up temporarily.

The dates listed are when the accounts were opened.
Applied Bank $500 limit $15.50 monthly fee 10/4/2007
Applied Bank (Secured) $1200 limit $50 annual fee 9/7/2009
CapOne (Secured) $3000 limit $29 annual fee 10/4/2011
CapOne $2300 limit $39 annual fee 3/19/2008
CapOne $8500 limit 1/19/2015
BP $1000 limit 12/21/2015
Amazon $3100 limit 11/27/2015
BOA $3000 limit $39 annual fee 1/8/2016
BOA $6000 limit 4/5/2012

Overall credit card ratio is 8% and i keep lowering that.
Income to Debt Ratio is 10%

Current Credit Scores:
Credit Karma - TU 770 / EQ 775 (As of 10/10/2016)
Bank of America - TU 778 (As of 9/19/2016)
CapitalOne - TU 770 (As of 10/5/2016)
Experian - EX 794 (As of 10/10/2016)

These are my inquires:
I have 5 Inquires in last 2 years on EX. 1 will drop on 1/19/17, 3 will drop in June of 2017, and the other on Jan. 8th, 2018.

I have 7 Inquires in last 2 years on TU. 1 will drop 2/2017, 5 will drop 7/2017, and the other should drop 2/2018.

I have 3 Inquires in last 2 years on EQ. 1 drops 2/2017, 1 drops 7/2017, and the other 6/2018.

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