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Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Closed 3 Store Cards Today

[ Edited ]

JCP CL $1800 Never use the card an don't care for there stores anymore

Meijer CL$600 Never use the card an there are limited stores in my area

TJX rewards CL$300  backed by Chase had the card a year no CLI an if i ask it's a hard

 

In the next few years I'm going to be getting rid of allot of my store cards. They are the devil with the high APR's


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Contributor
xchap
Posts: 82
Registered: ‎01-23-2008

Re: Closed 3 Store Cards Today

Alright mjbfan79 no need to hang on to crap cards.


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Current Score: 760
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Valued Contributor
Imhotrodcrazy
Posts: 1,380
Registered: ‎03-11-2009

Re: Closed 3 Store Cards Today

I haven't had a store charge card in over 30 years.  For me, they always seem to be more trouble than they are  worth.  I just use my trusty old debit card when I shop at one of them, which isn't very often. 

FICOS
TU 802 7/11/14
EX 797 7/6/14
EQ 748 7/10/14

Cash+ 19.5 / Amex 16.5 / US Bank loc 15k / Chase Freedom 10.6k
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007

Re: Closed 3 Store Cards Today

What's a debit card?

Senior Contributor
score_building
Posts: 3,500
Registered: ‎01-10-2008

Re: Closed 3 Store Cards Today

generally not a fan of closing no fee accts, if you app them, they may as well have some utility.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008

Re: Closed 3 Store Cards Today

Nice work.  I closed my GEMB JCPenney card when I found it was coded as a consumer finance account.  It was a pretty nice CL for me, but I have never missed it!

Just puttin' syrup on something, don't make it pancakes.
Regular Contributor
CMS2012
Posts: 116
Registered: ‎04-15-2009

Re: Closed 3 Store Cards Today

mjbfan79,

 

I am in process of doing the same thing, I am especially aiming my sights on all GEMB accounts.  Just yesterday I closed my American Eagle account  (150.00 CL) because I was told at the 4 month mark, I was should be elgible for a CLI, tried at 4 months, no luck, need to see more payment histroy, try again when the account reaches 6 months, tried at 6 months no dice, not enough payment history, call back in 6 moths. So I told them to close my account because they have a "history" of not keeping thier word!  Chevron and Wal-mart are next!  I understand that I do not have a long credit file (oldest tradeline was opened in July of '08), but  I have a perfect payment history and I almost always PIF every month.  It felt so good to say those three little words "close my account"!
Does mjb stand for what I think it stands for?  :smileyhappy: 

Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: Closed 3 Store Cards Today

[ Edited ]

score_building wrote:

generally not a fan of closing no fee accts, if you app them, they may as well have some utility.


I do understand what your saying but i have applied for to many cards in the last few years an need to cut some of them loose an i would rather them say closed my consumer then closed by granter. My a take a lil hit with my scores but that all will come back. I have learned a big lesson when it comes to store cards only apply for cards where you shop allot. I don't really have allot of time joggle like 20 CC.


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: Closed 3 Store Cards Today


CMS2012 wrote:

 

 Does mjb stand for what I think it stands for?  :smileyhappy: 


What do you think it stands for?


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008

Re: Closed 3 Store Cards Today


mjbfan79 wrote: May take a lil hit with my scores but that all will come back.

Why are you anticipating a score hit?  If you're carrying balances and it affects your utilization, you may see a hit.  Otherwise, no.

 

I actually got a little bump :smileywink:

Just puttin' syrup on something, don't make it pancakes.

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