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Help me think im good longish term

Established Member

Help me think im good longish term

So my equifax score is 673, i shop at cabelas so i decieded to try and get there card. Last night approved right away dont know the terms. I also applied at my credit union approved so here are my stats.

 

Amex bce 2,000

cap 1 750

cap 1 750

credit union platnium 4500 wow excited largest ever.

cabelas visa dont know

 

so any advice i want to not have to keep applying all carry no balance pif, are these good besides cap 1 for longterm growth. I was young and dumb once aaoa is 4.5 years havent had a late payment in 5.5 years alot of bad crap will come off in 2 years. Questions when should i dump cap 1 both have annual fees all other cards dont.

chase sapphire preferred 5k
capital one venture 5k
amex blue cash preferred 2.5k
chase freedom 500
amex premier reward npsl

trans union 705 goal 750
equifax 675 goal 750

Message 1 of 37
36 REPLIES
Frequent Contributor

Re: Help me think im good longish term

I'd just kill the Cap One cards immediately.  The AMEX and Credit Union Plat should be plenty.  Not sure why you did a department store card.  Are they giving you a big discount on EVERY purchase, not just the one time for applying?  I can't stand department store cards.  I'd add a Chase Freedom and a Discover It card to your line up.  Call it a day.

My Wallet:
AMEX Platinum | Discover It $20.3k | Chase Sapphire Reserved $16k | Chase United $12k | AMEX SimplyCash Plus Business $11.6k | AMEX Schwab $9k | AMEX BCEP $8.2k | Citi Costco Anywhere Visa $8k | Chase Amazon Visa $8k | Chase Sapphire Preferred $7k | Chase Freedom $5k | Citi Simplicity $5k | Paypal Extras Platinum $5k | Wells Fargo $5k | Citi Best Buy $4.2k | Citi Visa Signature $3k | Care Credit $3k
Message 2 of 37
Established Member

Re: Help me think im good longish term

i shop at cabelas twice a month couple hundred at a time. There giving 2% not great but its ok.

chase sapphire preferred 5k
capital one venture 5k
amex blue cash preferred 2.5k
chase freedom 500
amex premier reward npsl

trans union 705 goal 750
equifax 675 goal 750

Message 3 of 37
Established Member

Re: Help me think im good longish term

credit score not going to get another ding by closing cap 1's they are the oldest credit line besides car loans

chase sapphire preferred 5k
capital one venture 5k
amex blue cash preferred 2.5k
chase freedom 500
amex premier reward npsl

trans union 705 goal 750
equifax 675 goal 750

Message 4 of 37
Frequent Contributor

Re: Help me think im good longish term


nissanaltimacrazyhorse wrote:

credit score not going to get another ding by closing cap 1's they are the oldest credit line besides car loans


No, your score won't take any hit from closing the Cap 1's.  They will continue to show postive for the next 10 years, by the time they fall off your new ones will have aged quite nicely. 

01/06/2015 Walmart TU 726
01/06/2015MyFico EQ 705
01/10/2014 USAA FAKO EX 728, EQ 728, TU 728
Discover It $1700, USAA Cash Rewards AMEX $11K, USAA Rewards Platinum MC $12K, CareCredit $13.2K, Chase Freedom $5000, Walmart $4500, Lowes $9800, QVC $1200, HSN $2350, Macys Red Star Store $2900, Paypal smart connect $4022, VS Angelcard $1200, Amazon Store $2500, BCE $4K, Sam's Club Discover $8500, Home Depot $7200, FNBO AMEX $7800
Message 5 of 37
Established Member

Re: Help me think im good longish term

i dont think i need a chase freedom, cabelas is visa cu card is visa but im all ears to adice.

chase sapphire preferred 5k
capital one venture 5k
amex blue cash preferred 2.5k
chase freedom 500
amex premier reward npsl

trans union 705 goal 750
equifax 675 goal 750

Message 6 of 37
Frequent Contributor

Re: Help me think im good longish term

When you get the Cabela limit, let us know.  Hopefully it exceeds your Cap One's combined so it doesn't affect your utilization when you close them out.

My Wallet:
AMEX Platinum | Discover It $20.3k | Chase Sapphire Reserved $16k | Chase United $12k | AMEX SimplyCash Plus Business $11.6k | AMEX Schwab $9k | AMEX BCEP $8.2k | Citi Costco Anywhere Visa $8k | Chase Amazon Visa $8k | Chase Sapphire Preferred $7k | Chase Freedom $5k | Citi Simplicity $5k | Paypal Extras Platinum $5k | Wells Fargo $5k | Citi Best Buy $4.2k | Citi Visa Signature $3k | Care Credit $3k
Message 7 of 37
Established Member

Re: Help me think im good longish term

ya i will hopefully its 2k, i think the credit union gave higher because i have a car loan with them and about 6 years of history

chase sapphire preferred 5k
capital one venture 5k
amex blue cash preferred 2.5k
chase freedom 500
amex premier reward npsl

trans union 705 goal 750
equifax 675 goal 750

Message 8 of 37
Established Member

Re: Help me think im good longish term

I would get rid of the Cabela card and the Capone Cards. Apply for Chase Freedom and Discover cards. Use the discover card only for 5% categories and special promotions and use Freedom/BCE for everything else. 

 

Then garden

Message 9 of 37
Frequent Contributor

Re: Help me think im good longish term

If they can be recon, then do so for the limit you need, if not a little more.  CapOne AF is ridiculous since they don't give you any rewards or benefits.  Put them out to pasture.

My Wallet:
AMEX Platinum | Discover It $20.3k | Chase Sapphire Reserved $16k | Chase United $12k | AMEX SimplyCash Plus Business $11.6k | AMEX Schwab $9k | AMEX BCEP $8.2k | Citi Costco Anywhere Visa $8k | Chase Amazon Visa $8k | Chase Sapphire Preferred $7k | Chase Freedom $5k | Citi Simplicity $5k | Paypal Extras Platinum $5k | Wells Fargo $5k | Citi Best Buy $4.2k | Citi Visa Signature $3k | Care Credit $3k
Message 10 of 37