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Should i trim the fat now?

Established Contributor

Should i trim the fat now?

Now that i am in so called primeville( i think )......should i cut some cards loose?

 

only fee cards i have are cap one.....just got cli from 2000 to 5000.... Fee is only $19....

 

 

here is my current line up.....

 

im thinking of cutting these..

 

HSBC discover 1300 cl.....

chevron/ Texaco store card...1000cl

 

these are other cards..

 

Fairwinds CU  2500 cl

Alliant CU 5000 cl

Discover It 1000  cl

Cap One. Platinum 5000 cl

Best buy store card   1500 cl

Hhgregg store 4000 cl

Barclays NFL card. 5000 cl

Amex Delta Gold  5000 cl  fee waived for 1st year....will pc this to BCP in a year. I hope......before fee is due

Amex Green  NPSL

 

What do you guys think?

 

thanks 


Message 1 of 17
16 REPLIES
Established Contributor

Re: Should i trim the fat now?

If your Cap One CL was less than $1000, i would drop that card but since it's not and has a decent CL of $5000 the $19 is a small price to pay.  IMO just keep what you got.

Message 2 of 17
Established Contributor

Re: Should i trim the fat now?

capital one also has it's uses like it reports ALL AU's =)


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 3 of 17
Frequent Contributor

Re: Should i trim the fat now?

I've often wondered this... can you call Cap One and ask them to change your current card to another card that doesn't charge an AF? Or is that not allowed?



09/30/2017 - EX 811 (Credit Scorecard EX FICO® Score 8, range 300-850)
11/20/2017 - TU 842 (Discover TU FICO® Score 8, range 300-850)
10/24/2017 - EQ 845 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 4 of 17
Frequent Contributor

Re: Should i trim the fat now?


brother7 wrote:

I've often wondered this... can you call Cap One and ask them to change your current card to another card that doesn't charge an AF? Or is that not allowed?


I'm doing that right now actually.  Going from a NHR rebuilder to the Platinum Prestige with no AF


AmEx PRG (NPSL) | AmEx Costco ($8.2K) | AmEx Delta Gold ($19.3K) | AmEx BCE ($5K) | Chase United Explorer ($10K) | Chase Sapphire Preferred ($7.5K) | Chase Freedom ($8.2K) | Discover it ($3K) | Capital One Quicksilver ($2.5K) | PayPal Extras ($2.5K) | Lowes ($3.3K) | Walmart ($4.3K) | Amazon ($2.5K) | Restoration Hardware ($8.8K) | Crate & Barrel ($8.3K)
--
Homeowner since 05/29/13
Message 5 of 17
Valued Contributor

Re: Should i trim the fat now?

HSBC discover 1300 cl..... Yes

chevron/ Texaco store card...1000cl Yes

 

these are other cards..

 

Fairwinds CU  2500 cl Yes

Alliant CU 5000 cl Keep it

Discover It 1000  cl Keep it

Cap One. Platinum 5000 cl Yes

Best buy store card   1500 cl Yes

Hhgregg store 4000 cl Yes

Barclays NFL card. 5000 cl Keep it opened for a year before closing the card.

Amex Delta Gold  5000 cl  fee waived for 1st year....will pc this to BCP in a year. I hope......before fee is due Keep it and PC into BCP

Amex Green  NPSL Yes

Message 6 of 17
Established Contributor

Re: Should i trim the fat now?


trumpet-205 wrote:

HSBC discover 1300 cl..... Yes

chevron/ Texaco store card...1000cl Yes

 

these are other cards..

 

Fairwinds CU  2500 cl Yes

Alliant CU 5000 cl Keep it

Discover It 1000  cl Keep it

Cap One. Platinum 5000 cl Yes

Best buy store card   1500 cl Yes

Hhgregg store 4000 cl Yes

Barclays NFL card. 5000 cl Keep it opened for a year before closing the card.

Amex Delta Gold  5000 cl  fee waived for 1st year....will pc this to BCP in a year. I hope......before fee is due Keep it and PC into BCP

Amex Green  NPSL Yes


Wow...thats alot of cards to shut down....will this kill my score?


Message 7 of 17
Moderator Emeritus

Re: Should i trim the fat now?

OP, if there's no fee, keep them.

Message 8 of 17
Established Contributor

Re: Should i trim the fat now?


llecs wrote:

OP, if there's no fee, keep them.


Im just wondering if creditors   ie amex or ant new accounts down the oad may see some of these rebuilder cards and not extend me a CC?

 

also my salary is not that great....about 42000 per year....i dont know if these cards will limit any success i may have in the future....


Message 9 of 17
Established Contributor

Re: Should i trim the fat now?

none of the cards are your list are considered subprime cards, starters are fine, as long as they're not credit cards marketed for people with POOR credit like First Premier Bank


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 10 of 17