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@toothgrind3r wrote:
@Revelate wrote:...see if I can do a $1 recurring donation...
Why have I never thought of doing this with my SD'd cards?
Really makes me rethink closing any cards. Throw a small monthly donation to a charity on any cards I don't use, set to PIF, bam, win win.
I pretty much found it on accident when driving one day listening to their membership drive; realized I could keep the account active with very very minimal effort and it just made sense. Thank you for the reply, now that you mention it I should try to do it once I sort mortgage yes/no and just leave it open. The DCU secured one should likely still be recycled, and Wally still gets kicked ot the curb. Smarter plan methinks.
@Revelate wrote:I identified 3 cards on the chopping block for this year, though I may wait til Feb 2015 when they've all gotten to at least 3 years payment history:
- Walmart, rarely shop there and I have a plethora of TU 08 FICO's available now, and their not generating a statement without a balance is really beginning to irk me
- A USAA basic no frills card, it's a tradeline farm which I'm starting to think I don't need. Not known for their CC's and all my insurance and a secured loan are through them so not needed from any future relationship perspective either. I can't even find what to put on the card to keep it active in my financial life, maybe see if I can do a $1 recurring donation to the local public radio station like the $10 I do on my Zync, or split 5/5 that'd work.
- DCU secured card: would replace this with a regular no-rewards card from DCU or Logix and hope for a 15K+ tradeline if I ever wind up in the situation of floating a balance or being homeless. Not certain how feasible this is as I still have 3 non-trivial derogatories from 2010, all paid, but I'm nowhere close to excellent credit and that sometimes shows up in their approval data.
Hmm ... "homeless" ... I have a spare room (for a price)
I would like to pare down at some point in 2015. I want to end up with four cards total -- my income and spending really doesn't necessitate anything above that. I feel I have too many. As it is, some are barely used.
I don't know exactly what to close though. Dilemmas, dilemmas. I could do without the Amazon Visa if really needed, since I primarily just use it for 2% dining and the 1.5% Quicksilver is not a huge drop down. The BJ's Mastercard is only useful for BJ's (you can use it elsewhere but it's really only 1% most other places), but in about 5 months of having it if I have already gotten enough rewards to pay for my membership, so it makes sense to keep if I"m gonna shop there anyway.
I would like to keep Sallie Mae, it has a nice structure. It kind of overlaps with my BCE though and I don't want to terminate my account with Amex. They don't really have any other card I can PC to that I'd find useful. It's a dilemma, because I don't spend enough to really need two grocery/gas cards, but it would seem silly to give up Sallie's higher return.
It's hard to figure out what to pare down!
I will be closing a capitalone mc I've had it for 10 years 600 cl still. I've tried eo nothing, I have 2 others that have 3k. Then maybe walmart or gap due to low limits well see.