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Valued Contributor
Posts: 1,485
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. 

 

 

 

 

 

Never take credit personally

NFCU cashRewards $25,000; BofA Business Cash Rewards $20,000; Amex Business Platinum; Chase Sapphire Preferred $24,200; Chase Marriott $20,000; Discover It $18,600; Citi DC $12,900; Capital One Venture $15,000; Penfed Platinum Sig $5,000; Barclay Arrival Plus WEMC $15,000; Barclays Hawaiian Air Biz $20,000; US Bank PLOC Overdraft $1,500; PenFed PLOC $20,000

Frequent Contributor
Posts: 356
Registered: ‎01-16-2013
0

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: 777, myFICO TU: 778, myFICO EX: 779
My Wallet: NFCU cashRewards, Capital One Quicksilver, Discover It, Chase Freedom, Chase Amazon Rewards
Gardening since 06/08/15
Super Contributor
Posts: 6,224
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 Emerita
Posts: 27,204
Registered: ‎09-13-2012
0

Re: Pruning has commenced

Senior Contributor
Posts: 4,041
Registered: ‎10-02-2012
0

Re: Pruning has commenced

Did you close them by caling in or online?

Established Contributor
Posts: 939
Registered: ‎08-02-2008
0

Re: Pruning has commenced

Wow USAA gone all together! Congrats at the pruning! 

FICO: EX: 766 (8/16); TU: 782 (7/16); EQ 776 (8/16)
Established Contributor
Posts: 655
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
Posts: 939
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: 766 (8/16); TU: 782 (7/16); EQ 776 (8/16)
Moderator
Posts: 14,051
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
Posts: 408
Registered: ‎07-31-2010
0

Re: Pruning has commenced

Less is better in my book

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