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Kendro
Posts: 85
Registered: ‎03-01-2012
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Anyone reach the point where their CC portfolio is complete?

[ Edited ]

I see a lot of posts where people will go on app sprees or resist the urge to app.  But is there anyone who has just about every card they need?

 

I think I'm well entrenched in Primeville with an AMEX BCE, Chase Freedom, Discover More, and a Banana Republic Visa.  The BR card isn't exactly prime but I opened it on a whim when I was younger and don't want to close it.  It also comes in handy when I shop at BR.

 

I am now at a point where I could probably have one more card (possibly a Citi Dividend Platinum Select or BankAmericard Cash Rewards card).  After that, the problem is that I only have so much disposable income since I'm not a millionaire.  So it doesn't exactly make sense spreading X amount of dollars over a ton of cards.  For example I can get an AMEX charge card, but why pay an annual fee when I get the same protection on my BCE and the same amount of points?  Doesn't make sense to me.

 

Anyone else nearing the point where they just don't need another card?

Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012
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Re: Anyone reach the point where their CC portfolio is complete?

I just want one more card, a Chase Sapphire Preferred.  I don't want a whole bunch of cards, I'll be content with 4.  I'll probably apply for that around December-February then after that I'll be good to go.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Regular Contributor
TheBronxBomber
Posts: 216
Registered: ‎07-20-2011
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Re: Anyone reach the point where their CC portfolio is complete?

I have reached that point and I will not be applying for cards anytime soon. Unless... Amex sends me a Centurion application.

Current myFICO Scores:03/08/12 EQ: 801 • TU: 801 • Bank of America TU FICO: 822 • Credit Karma Vantage: 873

My Wallet: Amex Business Platinum | Amex SPG (5k) | Amex Delta Reserve (33k) | Citi ThankYou Premier World MasterCard (26k) | Chase Mileage Club Visa Signature (15k)
Sock Drawer: Barclay Ring MasterCard (10k) | Discover More (6.5k) | CapitalOne VentureOne (4.5k) | Macy's | Amex Platinum Personal
Valued Contributor
injustifiiable
Posts: 1,867
Registered: ‎03-30-2012
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Re: Anyone reach the point where their CC portfolio is complete?

I wish.

 

I only want five or six really good cards in the end.

 

AMEX Zync or other charge since balance wouldn't factor into Util

Chase Freedom

BankAmericard Cash Rewards

 

The others I want I would keep SD'd most of the time:

 

Discover More

Walmart Discover

Some Citi product that probably won't get much use since TY rewards suck.

Scores 6/17/2014: TU FICO: 643 | EQ FICO: 675 | EX AMEX FICO: 666

In my new wallet: American Express Premier Rewards Gold EMV: NPSL | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1250 | Target: $400 | J.Crew $5950
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Valued Contributor
DaveSignal
Posts: 2,111
Registered: ‎07-29-2011
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Re: Anyone reach the point where their CC portfolio is complete?

I've got all the cards I need.

 

Both USAA Rewards and NFCU rewards cards.... My main USA cards.  I use them both, but I don't really even need both of them.  They serve the same purpose.

BankAmericard Travel Rewards... includes EMV chip and 0% foreign transactions.  All I need for overseas.

Military Star... for on-base military promotions and discounts.... I hardly use this card, but save it for Christmas-time.

Target Card... for 5% off at Target.... I don't need this card anymore as there are no Targets where I am going to be living for the next 3 years.

Capital One... 0% foreign transactions, but I already have this on the BoA Travel Rewards, so I don't use this card at all.

HSBC Rewards... I don't use this card at all.

Citi Goverment Travel... for Official travel

Bill me Later.... invisible credit line for no interest eBay deals

 

I definately don't need anything else.  I am awaiting a recon to be determined tomorrow for an SDFCU EMV chip and pin visa.  Whether I get that or not, this will be the last card application for me for a long time. 

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Established Contributor
searchingfor67
Posts: 665
Registered: ‎08-02-2011
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Re: Anyone reach the point where their CC portfolio is complete?

Almost complete. My last objective is a Penfed Cash Rewards card, and probably a Lowes card when I close on my house in a couple of years. Other than that, I'm trying to resist the urge to apply for anything else...although I've been fighting a loosing battle lately :smileyembarrassed: I was approved for a CSP and USAA World MC in April of this year. And most recently, a Citi Foward about a week ago, and a Barclays NFL card this past Saturday. I'm done for now...

TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCP $13K | Amex Costco TE $10.4K | Amex SPG $10.1K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Discover IT $9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU Flagship Visa Signature $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $10K | USAA World MC $9K
Established Contributor
Cdnewmanpac
Posts: 766
Registered: ‎01-16-2012
0

Re: Anyone reach the point where their CC portfolio is complete?

I'm done applying for new cards. I may try to pc my southwest RR card to csp (if even possible) next year and my usaa rewards card to their low interest card, but I won't be adding tradelines. Plan to cut cap1 in December, then stick with: Amex zync, Hilton surpass, chase sw RR, usaa world mc, discover more (which I will sd until they close or maybe a bt offer comes along). Instead, will focus on growing cls.
In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
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webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Anyone reach the point where their CC portfolio is complete?

I'm done with cards. I want navcheck and then I'm done with apps

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Senior Contributor
Wolf3
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Anyone reach the point where their CC portfolio is complete?


TheBronxBomber wrote:
I have reached that point and I will not be applying for cards anytime soon. Unless... Amex sends me a Centurion application.


I have been there twice in my life both periods over 10 years.    Unfortunately both were ended with some sort of financial disaster (BK or CO).     Expect to be there again in about 3 years ( all CO gone from CR). 

.  

Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Anyone reach the point where their CC portfolio is complete?

I'm almost finished. At this point I'm looking for 1-2 more cards (hotel cards) and that's it.

 

One will be the Chase Hyatt card, since Hyatt is my primary hotel chain. The second will be the JPM Ritz Carlton card or the new Citi Hilton Reserve. In the areas where there isn't a Hyatt, it's good to have a second chain (Hilton or Marriott) as a backup.

 

After these 2 I'll be finished for quite awhile, and if something better does come out I'll swap one card for another. I definitely don't want to have to deal with a plethora of cards.

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL

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