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Lancealot9

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Combining credit cards.
I have a chase freedom card with a $2000 limit and a slate card with a $500 limit. I don't really want the slate card anymore since i am out of my 0% apr and it offers no rewards. So I would like to have chase move the available balance on the slate card onto the freedom card. I'm trying to bump my credit score and lower utilization so I can refinance my car at a lower intrest rate than I currently have. I'm afraid moving the available balance and ditching the slate card will lower my credit score. Anyone know?

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Yes, everytime you close an account your score will take a hit. You may want to wait to do that until you get your financing done.

Reply by
Lancealot9

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I thought that would be the case. I just wasnt sure since it wouldn't lower my total available credit. I guess ill just pay it off and use it sparingly untill after the refi than. Thanks!

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