Hard pull or soft ?
Wouldn't losing the CL affect your credit more than a pull ?
Not sure, but wasn't about to take a chance so I ended the call.
Well, I've been thinking about utilization ratio recently and here's my thoughts. Let's think of a random example:
Every month you let $1-2K of debt hit your statements (because you obviously pay off most of your bill before the statement date). Overall, between all your cards, you have $50K of CL. That means your utilization ratio for all your cards combined (yes I know the credit score factors in the ratio of each individual card as well) is 2-4%. If you close a card that has $5K of CL and you lose that CL, you now have $45K of CL between all your cards and you are still only letting $1-2K hit your statements each month, making your ratio 2.22-4.44%. How much of a difference is that really going to affect your credit score?
If your overall CL is $10K and you close a card and lose $3K of CL, then sure, it will make a big difference. But I assume that most of us in this game have much higher overall CLs.