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Valued Contributor
maiden_girl
Posts: 1,748
Registered: ‎12-29-2011

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: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal scores: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (3.0k) | Chase Freedom NPSL | Citi Simplicity (8.0k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
New Contributor
withaspark
Posts: 66
Registered: ‎01-10-2013

Re: Credit Closing Spree!!

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".

Regular Contributor
patsfan1453
Posts: 199
Registered: ‎11-04-2012

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.

Chase Sapphire Preferred 5k || USAA Wounded Warrior Mastercard 4k || Citi TYP 4.9k|| Citi Forward 4k || Discover It 2k || Chase Freedom 5.5k || Walmart 1k
Total CLs: 26,900
AU BCP
In my wallet: CSP, Freedom
Super Contributor
CS800
Posts: 6,542
Registered: ‎04-07-2008

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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