macuserman wrote:Any ideas on how to encourage an offer to be made available to me?
It's all going to depend on what your credit profile qualifies for. Work on improving identifying and addressing the issues on your reports and you'll get there.
macuserman wrote:I don't want to lose the credit history on that card
You don't lose it. Closed accounts in good standing typically continue to appear on reports for 10 years and will factor into AAoA as long as they are on reports.
macuserman wrote:I figured for sure they would allow it given I have such a good history with them.
It's never just about the accounts that you hold with a given creditor. Your entire credit profile matters.
macuserman wrote:I guess the real question is how much of an impact will it make on my credit score if I close that card?
The main impact from closure is due to change in revolving utilization. You can do the math to see how your revolving utilization would be impacted. It won't tell you scoring impact but no one can tell you that you'd see an impact of X points. Impact to revolving utilization is about as good as it gets.
macuserman wrote:I'm not just crazy about the Cash+ card I'd rather have the Freedom card or something else. I just thought I might be able to convert to it and make it into a card I might actually use sometimes without getting a hard pull, and retaining my history/age of account and all that stuff.
Then apply for the Freedom.
Hard pulls typically have little impact. If you're seeing bigger impact from a hard pull then it's not the hard pull that's the problem -- you have bigger issues with your credit profile that you need to address. Hard pulls have a bigger impact for those with thin profiles and/or profiles with issues. Don't just avoid hard pulls. Again, identify the issues with your credit profile and work on addressing them. Your sub 700 scores indicate that there are items that you need to work on, if possible.
macuserman wrote:I have kind of come to that conclusion myself at this point, I can't close it because it will hurt me
Based on what? Which factors would be negatively impacted?http://www.myfico.com/crediteducation/w ... score.aspx
macuserman wrote:Regarding the mortgage, I don't have a specific time frame other than ASAP, that being said my goal would be to be able to at least start talking to a mortgage company by early next year? I need some time to fix my credit and to save up a little for a down payment.
A year should give you plenty of time to recover from the short term negative impacts if you app now.
macuserman wrote:On that note it looks like based on my estimations as soon as I finish paying off my revolving debt my score should be fine.
That said, if your revolving utilization is high you shouldn't be applying. What is your revolving utilization at?
macuserman wrote:She doesn't have any dings or anything just no history, no credit cards no nothing on her account. Well she does have one victorias secret card with a limit of $250 that she has never even seen on her account so it doesn't help in fact I think it hurts her.
She needs to establish account ASAP and that's going to be difficult if she has nothing on her reports (don't conflate account and report -- they're entirely different things) as she will need to gradually add accounts as her credit profile allows. You may need to reconsider your 1 year timeframe for a mortgage unless you can qualify on your own.