Closing secured cards once unsecured are open? Guidance needed please

Closing secured cards once unsecured are open? Guidance needed pleaseClosing secured cards once unsecured are open? Guidance needed please
Ernestacoub asked 5 years ago

Hi everyone!

 

i need some advice regarding secured cards. My oldest card is a secured card with a 200 limit, perfect history for about 3.5 years. That was the first card on my report for a long time. Back in Jan/Feb, I had opened up an OpenSky card with a $ 250 limit. It’s reported positively a couple months now. The real issue is since then, I have been approved for:

 

1) $ 2000 unsecured (reporting since Feb)

2) $ 1000 unsecured (reporting since Feb)

3) $ 6000 unsecured (not reporting yet)

4) $ 5000 unsecured (not reporting yet)

5) $ 5000 PLOC (not reporting yet)

6) $ 5000 unsecured (not reporting yet)

7) $ 4500 store card (reporting since Feb)

8) $ 1100 store card (reporting since Feb)

 

Will having these lower limit cards look bad at this point? If i would’ve known about the upcoming approvals, I wouldn’t have opened OpenSky. My oldest card though, I believe I need to keep because it’s my oldest revolving account, correct?

 

Will closing OpenSky help my AAoA?

 

Any help would be greatly appreciated! Thank you so much for your help.

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