Why is it so bad to close a cc?
Am I wrong that the only ill effect it can have is making your Util go up-IF you have any utilization?
So I don’t get why people struggle with decisions on if or when to close.
If I get an approval of let’s say, $ 5000-and I want to close Card 2 with a limit of $ 1500. I would still gain. There is no bad if I understand this right.
It’s always confused me as to why some act like it is such a bad thing to do.
Not trying to do anything here but figure out if I am not understanding something.