- Posts: 1
- Joined: Thu Jul 17, 2014 10:29 pm
- Location: United State
My issue is this:
I opened a visa credit card from Wells Fargo in june of 2012 with my mom as cosigner. The credit limit is $1300 on the Wells Fargo card.
I have since then opened three other credit cards, one with Best Buy last year October 2013, Barclaycard in August of 2013 and another with my federal credit union on February of 2013. My limit on the Best Buy Citi bank card is $2000, my limit on my Barclaycard is $3500 and my limit on my credit union visa is $3500.
I do not want 4 credit cards anymore. The reason I opened one with Barclaycard and Best Buy was to buy stuff for school (laptop, printer, router, office, etc). Since then I zeroed out both the best buy and Barclaycard's 10 months before the 18 months no interest was over. My credit union offered me a low interest rate if I opened a card with them, so I did, have not regretted it. I do not use my Wells Fargo visa card as I do my credit union visa.
My question is, will it be bad to close my Wells Fargo card, my first card, with a lower credit limit versus any of the other three cards? I used to have a Best Buy credit card before in 2012, but closed it, i reapplied for another one. I closed the first best buy card because it had a low credit limit of $400 and the card company didn't want to raise the limit. My credit score right now is great, just checked earlier this month.
Some advice would be appreciated, thanks.