May 11th

That’s an interesting question Pamela. There are a variety of factors impacting one’s credit score and your credit utilization is a significant factor. Either option would reduce your overall credit limit, which may increase your utilization factor unless you considered raising your limit on your other credit card. I assume lowering your limit on the one card would leave you with a higher overall limit. However, does lowering the limit help you achieve your goal with making a change? Here’s one article: Blessings on your stewardship journey!

May 13th

Please be careful. Here is a quote from the Experian website, “The age of your credit accounts and length of your credit history can directly impact your credit scores. While not necessarily the most important scoring factor, having a long history managing loans and credit cards—especially one filled with on-time payments—can help you build excellent credit.Apr 9, 2021”

May 15th

Thanks JohnR and jlsteelmancpa for your feedback.
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