Credit Card Forum & Message Board

Thread: Cut my CC?

  1. #1
    Green Member
    Join Date
    Feb 2010
    Location
    Ohio
    Posts
    2

    Default Cut my CC?

    CC Pros,

    So I'm a college student with pretty good credit (760ish) but have alot of questions still...

    I've had a CC for 2 years, and other for 5 months, and I just got approved for a third (Discover w/ $100 bonus).
    I don't need my first CC as I hardly use it anymore (much prefer my Chase Freedom Visa Signature)

    So my question... I know that cancelling my first CC isn't the best thing, but I have no use for it(no rewards etc); I've never even asked for a credit increase because my Visa Signature is ownage. Should I go ahead and kill my first card or should I ask for a credit increase and just continue to use it periodically?

    Additionally, is it safe to apply/receive CC for their bonuses and then cancel them? I'll be in college for 2 more years so I'm not afraid of cutting my credit score to 700-assuming I can rebuild.

    TIA

  2. #2
    Centurion Member
    Join Date
    Apr 2008
    Location
    White Plains, NY
    Posts
    128

    Default

    Don't you dare cancel that card. You gotta keep em open, that's part of the score.