@Anonymous wrote:
You carry 32 cards in a wallet in your back pocket? Or is it a tall skinny wallet, looks like a checkbook with card slots?
Just a regular old style bi-fold, yes. There's no room for any cash, but that's OK because I don't carry cash. The stitching is worn out so the cards are real easy to get out. Too easy. I just take the appropriate stack out like a pack of playing cards and flip through them to find the one I want. Needless to say, I do not sit on this for long periods of time at home.
@core wrote:
@Anonymous wrote:
You carry 32 cards in a wallet in your back pocket? Or is it a tall skinny wallet, looks like a checkbook with card slots?
Just a regular old style bi-fold, yes. There's no room for any cash, but that's OK because I don't carry cash. The stitching is worn out so the cards are real easy to get out. Too easy. I just take the appropriate stack out like a pack of playing cards and flip through them to find the one I want. Needless to say, I do not sit on this for long periods of time at home.
Oh my, that is incredible. My brother-in-law sports a wallet that looks just as awesome. I think he has 20+ cards and his wallet is in even worse shape. I have bought him four different wallets and he still is using the same ol' one... I can't believe you can put it in your pocket, it looks similar in size to a softball.
@Anonymous wrote:
Why close any? Just SD them if no cost to you.
Solution: Carry your spend bonus cards and one LOW APR card just in case.
Well some will be closed because the AFs are not worth it (this was decided last year). Basically what started making me nervous was the citi thread of the person getting their accounts closed. Its just paranoia on my part, but it did make me stop to think.
;
@core wrote:
@Anonymous wrote:
You carry 32 cards in a wallet in your back pocket? Or is it a tall skinny wallet, looks like a checkbook with card slots?
Just a regular old style bi-fold, yes. There's no room for any cash, but that's OK because I don't carry cash. The stitching is worn out so the cards are real easy to get out. Too easy. I just take the appropriate stack out like a pack of playing cards and flip through them to find the one I want. Needless to say, I do not sit on this for long periods of time at home.
That is a George Costanza type of wallet!
@kdm31091 wrote:The SD vs closing debate is eternal, but in favor of closing I say some people just don't want to manage all the accounts, no matter how little the level of "management" really is. On the pro of SDing you get to keeep the account for util purposes. For me personally a SD card won't really work, it will be in the back of my mind that I have to keep an eye on it, and to me the benefit isn't worth it.
To each their own, I will not exceed 6 cards though.
I'm more of a SD type of person, but with the following exceptions: 1. I will close cards with AFs that do not hold value for me (if I can't downgrade them) and 2. I will close non-AF cards if I have too many cards with a particular lender and know I will want to apply for future crds with them. For example with amex I will downgrade my BCP to BCE until I decide to redeem my reward points. Then once I have used those I will move the credit line over to other amex cards and close the account. I will never use the BCE again since I have my everyday card that covers the same spend areas. I will likely want another amex card at some time in the future and I feel it will be easier to get additional amex accounts if I cut back on the number of amex accounts I have open. Finally I would consider closing out cards that I do not have much use for if I ever ran into a situation where lenders were rejecting me for too much available credit (or I would consider having some of my credit lines reduced on cards that I do not need large lines). My ideal number of cards would be around 7-8 (including business cards).
