11-30-2012 04:51 PM
That is very impressive.
I honestly don't think I could handle that many so kudos to you for being able to do so.
11-30-2012 05:31 PM
omg thats mind blowing.........i would also like to see the wallet that holds these bad boys
11-30-2012 05:41 PM
Dear lord.... So having a lot of cards does not hurt your credit score at all, correct ? (as long as your average age and time since last app are good)
11-30-2012 05:58 PM
Whoa.... And I thought I had alot of cards
11-30-2012 06:05 PM
Please explain your title.
1 Why is it a little too much. You say you manage it well.
2. Why can't you risk getting rid of em? I assume you mean any of them? What is the risk?
11-30-2012 10:21 PM
Um, wow. I don't know if I am impressed, or feel bad for you
But, it's awesome that you have some really high limits and pretty much all of the major prime issuers covered.
I know many might disagree, but I would close some of the cards that don't benefit you. At this point, with your profile, it seems that maintaining the card(s) that give you the most benefit, that you will actually use, would be the most prudent action. I don't think you'll be damaging yourself in any significant way by closing cards that you don't truly use anyway. I have a score far below yours, and do actually close out cards and their history if I'm not using them or the limits are too small. It's kind of stressful managing too many accounts. I try to just maintain a 5yr AAoA, which seems to do the trick for me when it comes to easy approvals for new cards.
And as far as your combined CL of > $400k, I wouldn't count it that way. If you start running them up, there's no guaranty that the companies wouldn't suspend your account at any time if they notice some sudden risk. And when one bank does that, others may follow. Not trying to be a downer, but I think it's a reality.
if you take that list you provided, and add a column called "What I've gotten back from this card this year in benefits" it may help narrow the list for you.
11-30-2012 10:45 PM
Wow!!! I'm speechless! So many cards!
Props for being able to handle that amount of cards!
12-01-2012 07:45 AM
Alright, I thought mine was bad...
I've got about 15 (I think, lol), and am definitely closing some when they hit one year of being open - it's just too much for me to keep track of...
Kudos to you, though - you're obviously doing a great job managing all that.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.