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- Jun 15, 2004
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Today in the mail I got a couple purchase checks from my capital one card. It says they have the same APR as my purchases - fixed 11.9%. It also said no transaction fees. It seems pretty legit without hidden costs (I could be wrong). So I was thinking of requesting a higher credit limit, and using a check on another credit card that I have which has an APR ~17%, and then closing that account.
So my question is: How would this effect my credit score? It's big changes right before applying for ALP loans that I will for sure need, so I don't want to jeopardize that in any way. According to TransUnion, my credit score is 734. Could the inquiry into a higher credit limit and closing an account hurt me?
So my question is: How would this effect my credit score? It's big changes right before applying for ALP loans that I will for sure need, so I don't want to jeopardize that in any way. According to TransUnion, my credit score is 734. Could the inquiry into a higher credit limit and closing an account hurt me?