Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Credit Scores
Profile Image

Question By

0 Contributions
0 People Helped
Best Option for closing high limit cards
I have a dilemma. I have a high limit card that carries a zero balance. It's roughly half of my available credit (10,000). I have 2 other cards (one I'm doing a balance transfer) that are 5,000 a piece. I do not need that much available credit, even if it does keep my usage percentage at a decent amount.

I'm trying to figure out the best option that will be less detrimental to my credit. The Cap One card and the Fifth Third card both have the same general terms/conditions. I'm trying to figure out, do I close one, lower one....not sure what to do. I'm trying to raise my credit score (It's a 750) to secure the best rate for a home in the future. I've heard a bunch of different things that I should or shouldn't do, but I'm in no way closer to making a decision.

Lower the 10,000 limit Fifth Third card, or cancel the Cap One? I'm just trying to pick the option that will be less detrimental to my credit.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.