Need some suggestions regarding closing card/getting new one

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2 posts
iahawkeye88
 
Posts: 1
Joined: Sun Jul 28, 2013 11:46 am
Location: Iowa

Need some suggestions regarding closing card/getting new one

Postby iahawkeye88 » Sun Jul 28, 2013 12:06 pm

I'm looking for some suggestions on my current credit card situation

I've just recently really started paying attention to my credit score (747) as well as earning miles for traveling.

At the moment I have 5 credit cards:
1.) Fifth Third bank (first credit card, no annual fee, no rewards...I use it from time to time just to maintain activity on it)
2. and 3.) Chase Southwest Rapids Rewards Plus and Chase Southwest Rapids Rewards Premiere card. I just received the companion pass with Southwest and so that is why I have 2 of these. The Premiere is currently my primary card.
4.) Helzberg jewelry card, getting engaged soon and was going to purchase a ring from here. Signed up for their card since I though I had ring I wanted picked out but I ended up getting ring from another jeweler. Now I have this card, it has no annual fee but I will never use this.
5.) Another card from a jeweler. I actually have purchased the ring from this jeweler.


Regarding my 2 cards I signed up from jewelery shopping, I don't really plan on using those at all and will likely close at least #4 but at the moment it is helping since it's added 8k to my credit limit.

I've got a few questions.....
1.) Should I even bother closing #4 or just let it sit and never use it?
2.) I want to close the Plus card since I don't use it anymore and then I want to open up a Chase Sapphire Preferred card. My question is, should I apply for it now, or close the Plus card first?

Thanks all!


MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sun Jul 28, 2013 2:23 pm

I'd suggest applying for and getting the card you want (CSP) BEFORE you close anything. After you close those cards you could lose some points for it, so best to app first and get the card you want then if you still want to close them go ahead.



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