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 Cards
Profile Image

Question By

0 Contributions
0 People Helped
Should I close my secured credit card that I opened 3 months ago for an unsecured card?
I opened a secured credit card about 4 months ago but in the meantime, I finished payments to get some of my student loans rehabilitated. This made my credit score jump about 126 pts so I'm fairly certain I could qualify for a regular unsecured credit card with some perks and no annual fees. Will it hurt my credit to open a new card and close one that I've only had for a few months? I'm looking to open a mortgage within the year after the rest of my student loans are rehabilitated so I'm super paranoid about making any mistakes my credit but at the same time, I could use that deposit from my secured card to put towards my down payment.

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.