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Valued Contributor
maiden_girl
Posts: 2,108
Registered: ‎12-29-2011
0

Re: Credit Closing Spree!!

[ Edited ]

I just went on a closing spree. Closed Lenscrafters w/ 1k CL and US Bank Flex Perks w/ 1.5k CL. Two of my lowest CLs. I just don't see the reason in having soo many credit cards now. Too many billing dates to keep up with.

 

 

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Contributor
withaspark
Posts: 80
Registered: ‎01-10-2013
0

Re: Credit Closing Spree!!

[ Edited ]

I recently closed my a few cards. It felt oddly liberating. My credit scores went up a few points more than I expected too (no inqs hitting 6 mo, 12 mo, or 24 mo) and AAoA just increased by a month as usual. My utilization went from 0% to 1% due to rounding, if that matters.

 

Congratulations OP and others. It does feel like things become "simpler".

Regular Contributor
patsfan1453
Posts: 202
Registered: ‎11-04-2012
0

Re: Credit Closing Spree!!


withaspark wrote:

I recently closed my Chase SW and BofA 1-2-3 cards. It felt oddly liberating. My credit scores went up a few points more than I expected too (no inqs hitting 6 mo, 12 mo, or 24 mo) and AAoA just increased by a month as usual. My utilization went from 0% to 1% due to rounding, if that matters.

 

Congratulations OP and others. It does feel like things become "simpler".


Yea I would much rather have a few cards with high limits. I just went out and got some CLIs. TYP from 3.5 -> 4.9k and forward from 4->5k. I got denied chase freedom and discover. Discover was a SP, but Chase I'm going to recon. I dont want 1k limit cards anymore.

Amex Everyday 6k || Chase Sapphire 5k || Buypower Card 5k || USAA Wounded Warrior Mastercard 4k || Citi TYP 4.9k|| Citi Forward 5.5k || Discover It 2k || Chase Freedom 5.5k || Walmart 1k || Chase Amazon 1k
Business: Chase ink cash 5k || AMEX Simply Cash 3.8k
Total CLs: 48.7k
Super Contributor
CS800
Posts: 6,552
Registered: ‎04-07-2008
0

Re: Credit Closing Spree!!


09Lexie wrote:
@CS800

I still don't understand Nordstrom..that CL really surprises me.

I did call to get a CLI but was denied twice, but the thing is this card has no AF. At least if they upgraded me to the VISA I would keep it.

 

But I do have a lot of cards that I don't use.





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