- Centurion Member
- Posts: 235
- Joined: Tue Mar 12, 2013 10:10 pm
- Location: United States
If you can *always* get out of the fee, keeping it open does no harm, only good. Granted, we're only talking less than 2 years of credit history and a small line, but soon enough, you'll be wanting more major credit like a mortgage or car loan, and with those, every point helps. When I recently refied, I saved almost half a point in interest because my score was *7* points higher than the "ballpark" I gave the officer when we first spoke. Yes, that was the difference between "very good" and "excellent" credit, but just having a slightly longer history or slightly lower usage ratio can make that difference. And as far as points go, $8 isn't going to be much, should you like using the automated Netflix payment to keep it active. Otherwise you could just use it for a small purchase every few months to keep it active.
Target Visa $1.5K