So, everyone knows I went on TU/Synch app spree over a week ago when my TU08 score hit 713. (which its not anymore since they all hit, and the INQ, LOL) I got all 5 Major cards I applied for with them, LOL..
(Dont lecture me...at least they were major VISA's and MC, and not store cards)...
Anyway...I added up my Synch exposure last night after getting some CLI's on my new cards at activation, and I was very close to max exposure with Synch, so I needed to dump a few quickly so I had some more wiggle room when I get my other 2 cards in the mail. I will obviously try credit solutions when I get them.
Closed.....
TJX..$3.5k
Dicks- $3.5k
Sams store- $7k (since I now have the MC)
Amazon- $5k ( I only used the card 3-4 times last year...I never use it).
Needed to close them last night so the system could update before I received my other 2 cards, since Im hitting up Credit solutions when I get them in the mail. Now that I just got several major cards, with decent limits, I closing out other store cards as well. This was my goal all along. 
I have a question if I could? I closed some cards and acquired some new ones last year but Im planning to stay with what Ive got this year. Are you planning to continue closing cards to open new ones this year? And if so what is the thought process behind it? My intention with this question is to see if its a good idea or not a good idea for me to do something similar? Thank you 
@Anonymous wrote:I have a question if I could? I closed some cards and acquired some new ones last year but Im planning to stay with what Ive got this year. Are you planning to continue closing cards to open new ones this year? And if so what is the thought process behind it? My intention with this question is to see if its a good idea or not a good idea for me to do something similar? Thank you
No, Im not closing cards in order to get new ones. Im reducing store cards, since Ive acquired majors now that I can use anywhere. Thats been my goal this whole time was when I started getting major with decent limits, Id close my store cards out. Juat like my thread said. Im also reducing overall available credit across the board.
@pizza1 wrote:
@Anonymous wrote:I have a question if I could? I closed some cards and acquired some new ones last year but Im planning to stay with what Ive got this year. Are you planning to continue closing cards to open new ones this year? And if so what is the thought process behind it? My intention with this question is to see if its a good idea or not a good idea for me to do something similar? Thank you
No, Im not closing cards in order to get new ones. Im reducing store cards, since Ive acquired majors now that I can use anywhere. Thats been my goal this whole time was when I started getting major with decent limits, Id close my store cards out. Juat like my thread said. Im also reducing overall available credit across the board.
Okay! Thank you!! Ive been closing store cards as my limits on my mastercards grow and I guess Im just on the fence about whether or not to keep ANY store cards or just stick with majors. I also filed bk back in 2012 and under no circumstances can I repeat that as Im now in banking and that will not go well.
I find it hard to control debt knowing that I previously failed at it. And yes it was due to divorce but I know I still spend too much at times and need to improve my own behavior.
I appreciate your answer!
@Anonymous wrote:Okay! Thank you!! Ive been closing store cards as my limits on my mastercards grow and I guess Im just on the fence about whether or not to keep ANY store cards or just stick with majors. I also filed bk back in 2012 and under no circumstances can I repeat that as Im now in banking and that will not go well.
I find it hard to control debt knowing that I previously failed at it. And yes it was due to divorce but I know I still spend too much at times and need to improve my own behavior.
I appreciate your answer!
I find that my previous failure (BK in 2009, due to consecutive layoffs resulting in a 40% reduction in pay!) has actually made it HARDER for me to spend money. I have the money to take vacations and such now, but I just can't bring myself to spend it. I say to myself "$2,000 to ride a boat for a week when I can take my own fishing boat up north for a week and spend about $200 including gas and drinks?" lol
To get back to your fence-sitting... SOME store cards are worth keeping IF you frequently shop there. For example, the Amazon Store card gives you 5% statement credit. You aren't going to touch that with rewards offered on any of the majors. Yeah, its only a statement credit, but if you frequent Amazon, its a great deal.
Kohl's is another one... Relatively frequent 30% off offers. Only good at Kohl's, but still way better than your 2 or 3% cashback MC/Amex will give you.
When I get to the point where my majors are signigicantly higher than my store cards, Overstock and HSN store cards will be the frist to go, to open up room for more CLIs on majors. They are useless to me, and I can get just about everything those places offer for significnatly less (especially HSN) locally or via Amazon!
Need I say more?
@CreditCuriousity wrote:Still trying to get her to close more of her store cards.. Hopefully the list will grow bigger!
you may have to take her out for the steak dinner to accomplish that ....