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Pruning has commenced

Valued Contributor

Pruning has commenced

Decided to cut back on my number of open accounts.  Not worried about utilization or AAoA so I went ahead with it. 

 

 

Before:

Chase Freedom $10,000

CSP $10,000

Citi TY $9,200

Citi HiltonHHonors $7,000

Chase SWRR $10,500

DCU $10,000

CapOne Spark Miles $12,500

Discover It $10,000

CareCredit $7,800

SmileGeneration $7,500

USAA MC $4,000

USAA Amex $4,000

Citi Home Depot $8,800

Lowes $5,000

 

After:

Chase Freedom $10,000

CSP $20,000 (transfer SWRR limit)

Citi TY $9,200 (currently 0%)

CapOne Spark Miles $12,500

Discover It $10,000

Citi Hilton Hhonors $7,000 (for now)

Lowes $5,000

Home Depot $8,800

 

I may have lost some available credit but I am (mostly) comfortable with my line up.  May add SPG and/or BCP towards the end of the month to round it out.  Went from $116k to $82k but with a more focused, quality line up. 

 

 

 

 

 

Starting a whole new chapter
Message 1 of 12
11 REPLIES
Frequent Contributor

Re: Pruning has commenced

Congrats. I know that has to be a good feeling.



Starting Scores: myFICO EQ: 678, myFICO TU: 676, myFICO EX: 678 (01/2013)
Latest Scores: myFICO EQ: 789, myFICO TU: 782, myFICO EX: 788
My Wallet: American Express BCE, NFCU cashRewards, Capital One Quicksilver, Discover It, Chase Freedom, Chase Amazon Rewards
Gardening since 02/07/17
Message 2 of 12
Super Contributor

Re: Pruning has commenced


sccredit wrote:

I may have lost some available credit but I am (mostly) comfortable with my line up.  May add SPG and/or BCP towards the end of the month to round it out.  Went from $116k to $82k but with a more focused, quality line up. 


+1

 

Couldn't agree with you more, quality over quantity is always better.  You made some nice decisions, in my view.  

 

 

Message 3 of 12
Moderator Emerita

Re: Pruning has commenced

Message 4 of 12
Senior Contributor

Re: Pruning has commenced

Did you close them by caling in or online?

Discharged on 7/11/16
Gardening Since 12/01/2017
Message 5 of 12
Established Contributor

Re: Pruning has commenced

Wow USAA gone all together! Congrats at the pruning! 

FICO: EX: 763 (12/16); TU: 786 (12/16); EQ 731 (12/16)
Amex Blue Cash Preferred | Amex SimplyCash Plus | Chase Amazon Prime VS | Chase Freedom VS | Discover IT | Penfed Power Cash Rewards VS | Sams Club MC | USAA Limitless Rewards PV
Message 6 of 12
Established Contributor

Re: Pruning has commenced

What would you guys prune from the cards in my signature, if any?  I actually use most of my cards fyi.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Message 7 of 12
Established Contributor

Re: Pruning has commenced


FutureBillionaire wrote:

What would you guys prune from the cards in my signature, if any?  I actually use most of my cards fyi.


I'd swap out the Citi TYP (due to upcoming changes) for the Penfed Travel Rewards Amex (I see you have the platinum rewards; I have both the platinum and travel rewards which work fine w/ Penfed).

FICO: EX: 763 (12/16); TU: 786 (12/16); EQ 731 (12/16)
Amex Blue Cash Preferred | Amex SimplyCash Plus | Chase Amazon Prime VS | Chase Freedom VS | Discover IT | Penfed Power Cash Rewards VS | Sams Club MC | USAA Limitless Rewards PV
Message 8 of 12
Moderator Emeritus

Re: Pruning has commenced

Crisp and clean... nice.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 9 of 12
Frequent Contributor

Re: Pruning has commenced

Less is better in my book

CARDS.jpg

Message 10 of 12