First off...Hi all. Haven't logged on here in about 2 years.
I was living in hicksville and only had dialup, and slow dialup at that. Finally moved back to Maine a year ago and got DSL....but never got around to coming back to the otter farm until now when I need your help.
Ok, now on to the real question. I had pretty poor credit at one point, but over the last few years it's been getting better, and during the last year or so it's started moving up a decent amount due to some loans etc that I took out for the express purpose of strengthening my credit history. Yay me!
So, along the way I've picked up a few credit cards as well (Amazon card being my 'daily use' card for the GC's) A month or so ago, I decided to go ahead and accept an offer for another card and signed up for it online. Well, the credit limit they gave me is....useless, lol. Honestly, I see no point in keeping the damn card, however, I'm worried that if I cancel it after only having the account open for a few weeks that it'll ding my FICO score which I've been working so hard on improving.
So which is my best option?
A) Cancel card even though it's only a couple of weeks old.
B) Keep the card, but 'forget' about it. Since the credit limit is so low I assume it's not going to hurt me much.
And now that I've come back to ask this one thing....I'll probably end up being around a whole lot more. It's kind of like peeing when you're drinking beer. You can hold it for a long time at first, but once you cave that first time you're running back for more every 10 minutes.