@yfan wrote:Not planning on chopping any cards for sure, but I am thinking about closing my Marriott card and moving the credit limit to my Amazon Visa.
I plan to do some of that too after the first of the year..............why don't we call that move a chop and stack 
TrueEarnings--not waiting to find out if it gets converted to a CO Platinum MC. No use for it since I got the AARP Visa
Cash Rewards--2% on groceries is so puny (plus I hardly ever reach the cap on Sallie Mae), I hardly use it. Might be useful if SM gets nerfed, though. Nah, I'll just use It or BCP at Target/Walmart
Cash Rewards--2% on groceries is so puny (plus I hardly ever reach the cap on Sallie Mae), I hardly use it. Might be useful if SM gets nerfed, though. Nah, I'll just use It or BCP at Target/Walmart
Lot of these moves are based upon cards I have picked up after I got them or that I intend to pick up shortly:
Going to chop Amex PRG.
Will try to downgrade Amex BCP to BCE.
Will try to downgrade CSP to CS or if I can't chop it.
In March the citi AA exec is getting chopped
next summer the amex spg may get chopped and venture card may be product changed to QS if I pick up the barclays arrival to replace it.
May dump the ink bold if I pick up the ink plus, although have not made any firm decisions on that.
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@ecxpa wrote:@Every month or so I take a look @ my CC portfolio and freshen things up with CLI's and rewards calculations etc. Today I decided to finally get rid of some leeches and suckers. I'm going to close an old Credit One card, just realized that I have been paying over a $100 AF on this thing @ 8.25 a month! They were closed today but definitely by tomorrow this sucker is gone, also have a Cap 1 transition card that was PC'd to a QS1 but the AF on it is $59 for a paltry $700 credit line. I have 3 other Cap 1 cards with a 1K limit and AF that could very well see the ax also. Just wondering if anybody else is planning to chop some of their cards and why or why not
Just chopped a few myself. Closed out my secured CC from Capital one. It was a $1000 CL card. I closed Fingerhut, Victoria's Secret, and Credit One.
@Reasons for closing them? Well, Capital One served its purpose and wasn't giving me any benefits - now I can get better cards, so it was time to part ways. Fingerhut was opened to add another TL back in December of last year. Bought exactly one thing on there and paid it in full immediately and never used it again - their prices were rediculous. Victoria's Secret - I don't get much use for it. Plus @ $750 limit, it wasn't really helping much. Credit One bank was just blah! I was so excited to be "Approved" in december of last year, I didn't really care. After a year of history, and paying $35 annual fee @ $400 limit, I didn't need it. So it made it to the chopping block.
@ecxpa wrote:@Every month or so I take a look @ my CC portfolio and freshen things up with CLI's and rewards calculations etc. Today I decided to finally get rid of some leeches and suckers. I'm going to close an old Credit One card, just realized that I have been paying over a $100 AF on this thing @ 8.25 a month! They were closed today but definitely by tomorrow this sucker is gone, also have a Cap 1 transition card that was PC'd to a QS1 but the AF on it is $59 for a paltry $700 credit line. I have 3 other Cap 1 cards with a 1K limit and AF that could very well see the ax also. Just wondering if anybody else is planning to chop some of their cards and why or why not
The annual fee should easily be removed with the chat or EO or Social Media team from Capital One.. just putting that out there. 
