Pros and cons of consolidating Barclays or BOA cards/accounts?
Sep 3, 2015, 6:10 pm
#1
Original Poster
Join Date: Aug 2010
Location: Sacramento
Posts: 25
Pros and cons of consolidating Barclays or BOA cards/accounts?
Hi all,
I have about 4 or 5 useless BOA cards that used to be Alaska or other things. Do you know if it is possible to take the CL from those cards and add it to my current Alaska card while closing the other accounts? Does BOA allow that kind of consolidation? Is it possible to end up with one card? And are there any cons in doing so?
Same question for Barclays: want to close one useless card and move the CL to the Aviator card. Possible? Advisable?
Thanks!
I have about 4 or 5 useless BOA cards that used to be Alaska or other things. Do you know if it is possible to take the CL from those cards and add it to my current Alaska card while closing the other accounts? Does BOA allow that kind of consolidation? Is it possible to end up with one card? And are there any cons in doing so?
Same question for Barclays: want to close one useless card and move the CL to the Aviator card. Possible? Advisable?
Thanks!
Sep 4, 2015, 6:19 pm
#3
Original Poster
Join Date: Aug 2010
Location: Sacramento
Posts: 25
Thanks. But do you see reasons not to do it?
The reason I want to do it is so I don't keep unused accounts that may be shut down for inactivity, and also to keep my credit line.
One negative impact may be that it would lower my credit score if I close 4 or 5 accounts at once.
Sep 4, 2015, 8:03 pm
#4
Join Date: Jan 2015
Posts: 1,112
Thanks. But do you see reasons not to do it?
The reason I want to do it is so I don't keep unused accounts that may be shut down for inactivity, and also to keep my credit line.
One negative impact may be that it would lower my credit score if I close 4 or 5 accounts at once.
The reason I want to do it is so I don't keep unused accounts that may be shut down for inactivity, and also to keep my credit line.
One negative impact may be that it would lower my credit score if I close 4 or 5 accounts at once.
In general, I would want to keep the accounts open for the purpose of average age of accounts.
It's up to you if you can manage them, though.
Sep 4, 2015, 10:54 pm
#5
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Sep 5, 2015, 7:05 am
#6
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I have about 4 or 5 useless BOA cards that used to be Alaska or other things. Do you know if it is possible to take the CL from those cards and add it to my current Alaska card while closing the other accounts? Does BOA allow that kind of consolidation? Is it possible to end up with one card? And are there any cons in doing so?
Yes. No, assuming Aviator card is the most recent card.