Starting Score: 632 (TU) 02/2011
CraveMazda wrote:Right now, until Sept 16th Nordstroms's is offering triple points to cardholders. They were also offering a special bonus for a skincare line I use so I decided to take the plunge today and apply for their visa card. Got approved for $5K! Yay
! I'm really thrilled because I wanted to get another card with a higher limit before closing my $700 Cap One card that charges me $29/year. I haven't even used the card in a year...
Question. Why do people set out to get so many credit cards? I've noticed on peoples signatures that they have various cards but we all know we don't use all of them. Is there a reason other than helping lower utilization (if you have balance) that one needs so many cards?
CONGRATS!!! I have the store card I hope to be upgraded to the visa card soon. I got a $3000 CLI in July 2012 which makes my CL $3,500 for big sale that they had for the winter.
CraveMazda wrote:Right now, until Sept 16th Nordstroms's is offering triple points to cardholders. They were also offering a special bonus for a skincare line I use so I decided to take the plunge today and apply for their visa card. Got approved for $5K! Yay
Question. Why do people set out to get so many credit cards? I've noticed on peoples signatures that they have various cards but we all know we don't use all of them. Is there a reason other than helping lower utilization (if you have balance) that one needs so many cards?
For me, I got several cards while rebuilding from my BK. When I was 7-8 yrs post BK, I started reading the Forums, and found out about cards I could likely get, with higher limits than the rebuilders. Some of those cards I got to use and to help with utilization. The ones with no AF, I kept. I also kept the store cards I use regularly, like Kohls, Macy's and Discover. To be honest, I have thought about closing Jared (just rarely use it). But with no AF, and a 7.6 k limit, it is a good cushion for Util. I keep Nordstrom for occasional sales, and it also has a 10k limit. I do have to rotate cards in my " rotation" to use them at times.
emptypockets wrote:
CraveMazda wrote:Right now, until Sept 16th Nordstroms's is offering triple points to cardholders. They were also offering a special bonus for a skincare line I use so I decided to take the plunge today and apply for their visa card. Got approved for $5K! Yay
Question. Why do people set out to get so many credit cards? I've noticed on peoples signatures that they have various cards but we all know we don't use all of them. Is there a reason other than helping lower utilization (if you have balance) that one needs so many cards?
For me, I got several cards while rebuilding from my BK. When I was 7-8 yrs post BK, I started reading the Forums, and found out about cards I could likely get, with higher limits than the rebuilders. Some of those cards I got to use and to help with utilization. The ones with no AF, I kept. I also kept the store cards I use regularly, like Kohls, Macy's and Discover. To be honest, I have thought about closing Jared (just rarely use it). But with no AF, and a 7.6 k limit, it is a good cushion for Util. I keep Nordstrom for occasional sales, and it also has a 10k limit. I do have to rotate cards in my " rotation" to use them at times.
hold old was your BK when u got your high CL cards???
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