@AverageJoesCredit wrote:
Im making this post in hopes that i can follow what ive decided to do on this next phase on my Credit journey. Where it remains , i no clue but its been a rough month on the credit seas and in life in general but ive decided to set my Credit Resolution for 2018 now. Reducing my credit card collection amongst other goals.
Coming from very humble economic means ive come along way in my 2 years of building back from my bankruptcy of 10 years ago. Sometimes the constant rejections and reasonings , even with good credit scores can be downright depressing but ive decided to look at my failures as a means to take the bulls by the horns and start attacking what i can control. My goals for 2018:
1) Reduce all credit card debt to zero
2) pay off personal loan
3) reduce credit cards of 24 to maybe 3-5 by 2019
4) no longer request credit limit increases
5)eliminate all hps from reports
This game can be great but it can take as much as it gives. So as of 9 Nov 17, i have closed the following cards
1) Chase Amazon Visa ( will never grow and a money bank)
2) Penfed Promise ( will never grow and income not sufficient for Pf growth)
Next up on block.....Discover, once i get my cashback, smashing hurts , no luv, im just gonna move on. Ill update this thread as i continue to slash. I hope it stays here in CC but if a mod moves it could you kindly let me know where it was moved so i can track my new journey. Thank you
Wow! That is amazing!
@Anonymous wrote:Good work, Joseph!
You have closed two prime cards; did you have any feeling of regret after closing them? When I closed my 16 year-old Kohl's card this year it hurt bad LOL. But that went away after a few days.
I too need to trim the herd...on Sunday I picked up my "dream" card, the USAA Limitless...they gave me $2,500....this is a sign that for my income, I have way too much available credit (over $200K). I totally need to drop my worthless PenFed Promise card too. You doing it first has given me resolve to do the same...soon
Keep us posted on your progress!
Honestly, i dont feel a thing. I truely wish they werent prime credit cards and more so store cards, which ill get to eventually its just if i dont pull the bandaid now, would i ever?. These are 2 lenders who i know will never open up to me. Ive read enough here to know what they look for and to whom they cater so id rather just focus my energy elsewhere than be bitter everytime i look at my card lol.
RadioRob, you can glady have my $1500 Amazon limit, may it bring you many holiday tidings
Peghede, thanks m8, honestly i didnt mind tracking 24 accounts but when you hit that wall. You gotta bounce around it somehow.
are those 24 cards all Synchrony R.I.P 
if yes here something to put them in
@Anonymous wrote:I'll definitely sub to this thread. I'm interested on the cards you decide to keep and why lol
Ditto..
You know what card im tempted to do that with.. Amazon Chase Visa... But id like to swap something in its place..
Completely understand ditching Chase .... also Penfed and yes... the bittersweet relaationship with Miss Discover..
Really thought she'd warm up to you over time...
Culling down your store cards might have made traction with these stubborn creditors but if you dont feel wanted, you should show them the door...
Remember you can always reapp in a year or two...if you change your mind
@peghede wrote:are those 24 cards all Synchrony R.I.P
if yes here something to put them in
In due time my dear peghedatson. All good things end eventually, who knows maybe they send one before i ever get the chance lol
I really hope you give Sync the blue envelope before they decide to get wierd.... You should be in control of the situation not them.
@Anonymous wrote:I'll definitely sub to this thread. I'm interested on the cards you decide to keep and why lol
Lol, thanks its definetly going to be an adventure. For me to willingly give up credit its hard but i never know that perhaps one day those lenders who i decide to keep may just reward me more for actually using more