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!

Question

Posted in Credit Cards
Profile Image

Question By
flyinlion

2 Contributions
2 People Helped
Closing my credit card won't affect my score?
The simulator tool is telling me that if I close an account, a secured credit card I've had for 3 years, it won't impact my score at all. Another similar site I use to monitor my credit is giving me the same results. I have two other credit cards open, both with much higher limits (my secured card is $900, my regular card is $9,000). I wouldn't mind getting my deposit back (wife has a birthday coming up) and I never use the thing. I just don't want my score to go down because my length of open credit lines decreases.

Does anybody have experience with this? Should I trust the simulator, close the card, and pick up something nice for the wife?

Thanks in advance for the help!

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1163 Contributions
1223 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

You should definately pick up something nice for your wife! Spice things up! Tell her that you support her and beleive in her! Try to treat her like no one else ever can or will! Trust me the payoff for these kind jesters will last a lifetime! Also the simulator may be giving you a false reading; however it should not impact your score that much. Good luck my friend! Now go and enjoy your wife! Life is too short not to! God Bless!!!

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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

View your scores and reports anytime.

SIGN UP NOW

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.