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Established Contributor
sccredit
Posts: 815
Registered: ‎09-14-2012
0

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. 

 

 

 

 

 

Unsecured Credit: Amex BCP $24,900; Chase Sapphire Preferred $24,200; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Amex SPG Biz $3,000; US Bank Platinum $8,600; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $5,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $5,000; Bank of America World Points Visa $8,000; US Bank PLOC Overdraft $1,500; PenFed PLOC $5,000

Frequent Contributor
_jb_
Posts: 311
Registered: ‎01-16-2013
0

Re: Pruning has commenced

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


Starting Scores: myFICO EX: ???, myFICO EQ: 678, myFICO TU: 676 (01/2013)
Latest Scores: myFICO EX: 704, myFICO EQ: 702, myFICO TU: 718
My Wallet: Chase Sapphire Preferred, Discover It, NFCU cashRewards, Capital One Quicksilver, Chase Amazon Rewards
Gardening since 02/19/13
Senior Contributor
Open123
Posts: 4,090
Registered: ‎02-23-2011
0

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.  

 

 

Moderator
09Lexie
Posts: 25,044
Registered: ‎09-13-2012
0

Re: Pruning has commenced

Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,423
Registered: ‎10-02-2012
0

Re: Pruning has commenced

Did you close them by caling in or online?

Closing all of these credit card accounts once paid off for a fresh start.
$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 6 months, Utilization 74%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14
Established Contributor
UFGuy2006
Posts: 726
Registered: ‎08-02-2008
0

Re: Pruning has commenced

Wow USAA gone all together! Congrats at the pruning! 

FICO: EX: 743 (7/14); TU: 774 (7/14); EQ 721 (7/14)

In My Wallet: Amex X 5 | Barclays X 2 | BOA X 1 | CapOne X 3 | Chase X 2 | Citi X 6 | DCU X 1 | Discover X 1| Fidelity X 1 | Fifth Third X 1 | PenFed X 1 | PSECU X 1 | Target RedCard X 1 | USAA X 2 | US Bank X 1 | Walmart X 1 | Wells Fargo X 1 = 31 Cards

Holding off apps until the end of the year! Wish me luck!
Established Contributor
FutureBillionaire
Posts: 641
Registered: ‎12-12-2012
0

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
Established Contributor
UFGuy2006
Posts: 726
Registered: ‎08-02-2008
0

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: 743 (7/14); TU: 774 (7/14); EQ 721 (7/14)

In My Wallet: Amex X 5 | Barclays X 2 | BOA X 1 | CapOne X 3 | Chase X 2 | Citi X 6 | DCU X 1 | Discover X 1| Fidelity X 1 | Fifth Third X 1 | PenFed X 1 | PSECU X 1 | Target RedCard X 1 | USAA X 2 | US Bank X 1 | Walmart X 1 | Wells Fargo X 1 = 31 Cards

Holding off apps until the end of the year! Wish me luck!
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

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!
Frequent Contributor
OptimalCS
Posts: 405
Registered: ‎07-31-2010
0

Re: Pruning has commenced

Less is better in my book

CARDS.jpg


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