Applying for mortgage in 6-12 months. Should I close or restructure any cards?
Oldest to newest credit products :
May 2007 - HSBC Gold Mastercard $1000 initial limit, never bothered to increase
Feb 2015 - Desjardins Visa $1000 initial limit
April 2016 - PC WE $5000
June 2016 - CIBC Dividend Visa $6500
Sept 2016 - CTFS Options $4500
Nov 2016 - CapOne Gold $5000
Nov 2017 - NBC Echo $1750
Dec 2017 - MBNA PP $8000
April 2018 - Simplii uLOC $5000
HSBC has an annual fee of $85. I am worried if they do a product switch that my tenure on the card will be lost. If anyone knows this answer, I would greatly appreciate it. CS over the phone did not sound confident that it would.
I am carrying a $3500 balance on MBNA (0% BT), all other cards have no balance.
PC WE is my go to card for every day purchases and bill payments, never carries a balance before statement is printed.
In regard to my credit rating, it is currently 724 through CK/Scotia/CapOne and 715 through Borrowell
I have a settled judgment (8k) from Oct 2012 which should fall off Equifax this October and TransUnion next year October 2019
Please advise on what you think I should do with the current cards I have; if restructuring in any way would help.