John A. Weeks III wrote:
- quote -

I've been told on several occasions that my FICO score is lower than it
could be because I only have a single credit card (and I pay it off
every month).

In general, however, I think that worrying about small changes in one's
credit score is a waste of time. Unless the OP is planning on applying
for a mortgage in the next month or so, he should simple manage his
financial/credit situation well, and the score will take care of itself.

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Ian Pilcher i.pilcher[at]comcast.net
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In article <1131500950.989191.234180[at]g43g2000cwa.googlegroups.com> ,
kyaw3000[at]gmail.com wrote:

- quote -

The transfer should not affect FICO much. You will still
have the same credit limit, same credit to income ratio,
and same % of credit used. But if you don't need the credit,
then why have it? It could just be a problem waiting to
happen.

-john-

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John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
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I have a credit card with credit line of 5000 and another one with
credit line of 8500. When I called my credit card company to close the
second one (with $8500 credit line), I was suggested that this credit
line can be transferred to the first card (with $5000) before 2nd
account is closed.
2nd card was opened for 18 months and never been used once.
1st card was opened for 4 years and I use it regularly.

I do not have any outstanding balance.

Would credit line transfer affect my FICO score?
Would I be better off just by closing 2nd card instead of credit line
transfer and close?

Thanks ..