No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hello all!
I would like some strategy going forward on what to do with these accounts. Here is my current cards:
What is the best way to manage these at this point?
I already dropped United and Southwest and combined the $5k credit limits each onto the Sapphire. It offers a reasonable 12.49 apr as well which is nice.
I want to just be sure that I am manging them properly
I would really appreciate everyone's advice.
Card | Outstanding Balance | Credit Line | Interest Rate | Annual Fee |
American Express Premier Rewards Gold Card | $0.00 | NPSL | 15.49% for pay over time | $195 |
American Express Gold Delta SkyMiles | $0.00 | $12,300.00 | 10.49% | $95 |
American Express Starwood Preferred Guest Card | $0.00 | $2,000.00 | 11.49% | $95 |
American Airlines AAdvantage Silver World Elite Master Card by Barclays Bank | $2,586.52 | $10,000.00 | 13.24% | $195 |
Bank of America Cash Rewards Signature Visa | $3,000.00 | $17,000.00 | 17.24% | $0 |
Discover It Card | $1,952.11 | $11,400.00 | 14.24% | $0 |
Chase Sapphire Visa Signature | $0.00 | $20,000.00 | 12.49% | $0 |
Chase Marriott Rewards Premier Visa Signature | $1,843.89 | $6,500.00 | 16.24% | $85 |
Citi ThankYou Preferred World MasterCard | $3,685.51 | $10,100.00 | 11.49% | $0 |
Capital One Venture Visa Signature | $0.00 | $10,000.00 | 20.90% | $59 |
Capital One Quicksilver Visa Signature | $0.00 | $11,000.00 | 17.90% | $0 |
Best Buy store card | $0.00 | $10,000.00 | $0 | |
JCPenny store card | $0.00 | $4,700.00 | $0 | |
Macy's store card | $0.00 | $10,000.00 | $0 |
It looks like you are doing a great job with some great cards and limits. Moving forward, maybe try and reduce the debt on your AA WEMC, Chase Marriott, and Citi thank you. All in all though I would say you are doing good. Nice limits and APR's!
The Quicksilver was opened in August 2015 and the Venture was opened in Febueary 2015. Can I combine the Venture soon into the Quicksilver?
@creditguy wrote:
Your Amex Starwood limit sticks out like a sore thumb among those other great limits. Your portfolio looks great and covers a broad spectrum of uses. As long as you can justify all your annual fees, I don't see anything you need to do but maybe get Amex to jack up your starwoods limit. Just continue to build your limits and lower your APR's if you wish, other than that just sit back and enjoy the fruits of your labors, nice job.
They wont raise the SPG limit because the Delta was just raised under the 3x- they said they would have to wait 6 months and even if I get a 3x in 6 months it will only be at 6k. Do you think it would just be worth it to just cancel the card? I already got the bonus.
I think with the American Airlines card I might drop it down to a lower AF once it comes due?
13k in debt and over $700 in annual fees? I see a credit card disaster coming. Pay off all the debt, that's all you need to do.
What are the APR actually being paid on those balances? If you are paying them off slowly at the listed rates, you can do better.
BT the balances through the Cap One cards, to temporarily get them off the BofA, Discover, Chase, Barclay and Citi cards.
Then, use the 0% BT offers that are always available on BofA, usually available on Discover, and often available on Citi to move those balances to a lower APR.
Unless you get lots of use out of the Barclays AA card, lowering the AF would be a good move.
Keeping the SPG until more clarity on the merger with Marriott, that's what I'm doing with mine (and rounding out points as well).
@NRB525 wrote:What are the APR actually being paid on those balances? If you are paying them off slowly at the listed rates, you can do better.
BT the balances through the Cap One cards, to temporarily get them off the BofA, Discover, Chase, Barclay and Citi cards.
Then, use the 0% BT offers that are always available on BofA, usually available on Discover, and often available on Citi to move those balances to a lower APR.
Unless you get lots of use out of the Barclays AA card, lowering the AF would be a good move.
Keeping the SPG until more clarity on the merger with Marriott, that's what I'm doing with mine (and rounding out points as well).
+1, way to much in AF unless you travel for work and get reinbursed.
@RyGuy4690 wrote:The Quicksilver was opened in August 2015 and the Venture was opened in Febueary 2015. Can I combine the Venture soon into the Quicksilver?
You should be able to request it after 6 months of opening the card, which should be next month.
As far as your other cards, I would get rid of the cards with AF if I can't justify the AF. Nice line up!