going to close credit card account

Archived from the original Sajha.com — preserved as posted, replies can no longer be added here.
Start a New Discussion
Archived Post

 i am going to close capital1 credit card ..credit limit is 1500 and they dont increse my credit limit..always paid bills on time...balance is all cleared...still i heard it will effect on my credit score and will be bad credit history..is this true..shall i close it or not

zip26 · Aug 25, 2011 9:02 AM · 15,338 views

3 Replies

might dip a few points if you had opened it a long time ago ( over 2 years ago). But, if you are not buying a car or a house right away then go for it.

momoo · Aug 25, 2011 9:05 AM

 If this is the oldest card, don't close it. If not you can close it, the score goes down for a while and will rebounce back later on. But it's always better not to close the account. 

ark · Aug 25, 2011 9:13 AM

 dhila bhaye pani buddhi ayecha, badhai cha!!

Sano Bhai · Aug 25, 2011 9:50 AM

This conversation is preserved exactly as it was on the original Sajha.com and can't accept new replies.

Start a New Discussion

You might be interested in...

Latest Community News View all
Page 1 of 9
Recent Classifieds View all
Page 1 of 28
Upcoming Events View all
Page 1 of 2
Service Providers View all
Page 1 of 21