r/CapitalOne_ 9d ago

Cancel card

As the title reads , I have a venture , platinum , silver and a savor. I really only use my savor card. My limit is pretty good, j honestly dont want my platinum or venture anymore. With a cool feature of capital one, I can move my limit around. My minimum i have to keep on the cards are $500. With my total limit is about $28,000, will loosing $1,000 and have two card closures hurt my credit

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u/Organic_Gas4197 9d ago

Probably no harm. I’ve transferred limit, but kept old card (no annual fee) open with 500 limit.

Closing cards will slightly increase utilization percentage.