Should I close the transferred card?

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[Post New]02/27/2023 16:08
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Anonymous
I am not good with credit cards so I need guidance. I recently transferred a $5500 balance to a 0% if paid in 12 months card. I only had the old card for 15 months. How impactful to my score would it be to close it? I don't need the old card and don't want the temptation.
[Post New]02/27/2023 18:38
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Anonymous
Get rid of it. Eliminating the "temptation" will way more than make up for any temporary damage to your credit rating.
[Post New]02/27/2023 18:50
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Anonymous
No. Having a high credit limit can be low utilization.
[Post New]02/27/2023 18:50
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Anonymous
Never. Just shred the card. Do not close it.
[Post New]02/27/2023 18:53
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Anonymous
Don’t close it. Also, don’t use it.
[Post New]02/27/2023 20:04
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Anonymous
What card is it? How old are you? Does it have a fee? Does it give you cash back?
Keep it simple. Stop opening and closing them. You need a few and that's it.
[Post New]02/27/2023 20:15
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Anonymous
Have you attempted therapy for your anxiety?
[Post New]02/27/2023 21:28
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Anonymous
Don't close the card. Just shred it and forget. Close it only if you are paying annual fees.
[Post New]02/28/2023 09:54
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Anonymous
Anonymous wrote:Having a high credit limit can be low utilization.

Is this a sentence?
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