omg...citibank customers, a question for you

[mtemm]

Opting out may hurt your FICO score. You're removing available credit when you opt out and then you have a higher ratio of debt to available credit.

oh. okay, I gotcha. my plan is to get a different card, so hopefully that will offset any ratio change.

so would I be better off not to opt out, since I will have that balance until late january, and then just cancel it at that time?

 

[momrek06]

oh. okay, I gotcha. my plan is to get a different card, so hopefully that will offset any ratio change.

so would I be better off not to opt out, since I will have that balance until late january, and then just cancel it at that time?

OP, I think it will be better for your credit rating if you pay it off BUT leave it open and just not use it.

 

[diznygirl]

New law coming, so they are trying to get in under the gun.


http://www.washingtonpost.com/wp-dyn/content/article/2009/07/01/AR2009070103868.html

 

[mtemm]

OP, I think it will be better for your credit rating if you pay it off BUT leave it open and just not use it.

absolutely it is best to have things paid off, which is why that is usually the case for us and will be shortly. however, I am peeved that they are doing this so I don't plan to stay with them as a company.