I hate this card. So far in the past year they've decreased my limit (from $750-500) even though my credit score has gone up and my debt has gone down and they increased the late fee to $40. The card has a $0 balance and I just want to junk it. However, I've been trying to build my credit (Experian says 648, but when I tried to refinance my house they got 603), and am worried that closing the card will impact my score. Though, in reality, I paid off 50% of my CC debt and my score only went up a little. So I have zero idea what even does what to my score. I've got 6 CCs and only 2 have balances (the other 50% I've yet to pay off). I don't even want to use the card for the issues I've had with their customer service.
Which is better, canceling it or just not using it and possibly having them close it from disuse? Is there a third option I'm not thinking of?
Submitted June 20, 2021 at 08:36AM by cherbearicle https://ift.tt/3vFWa1J
