Just got my Quicksilver today! Got approved with a 5k credit limit and I have fair credit. Right now I have Discover It and Quicksilver Visa Signature. Should I keep both? I just dislike how I use my Discover It and some stores don't even accept it. Any suggestions?
I think its a matter of personal preference. In favor of closing it: perhaps leaving an unused credit card account open increases the chance of identity theft/fraud/unauthorized charges. I'm not sure how great this risk is. But the point is: if you leave it open you can't entirely forget about it -- now and then you have to check to make sure nothing funny is going on. You could probably set alerts to inform you of any charges though.
In favor of leaving it open: you might want to use it after all, perhaps for the 5% rotating categories or the online shopping discounts through "ShopDiscover." Also, if for any reason you have a problem with the CapOne card (lose it, et cetera) you will have a backup means of paying for things.
I say do whatever you prefer. There isn't a "right" or "wrong" on matters like this. Personal preference, really.