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Valued Member
Posts: 116
Registered: ‎07-14-2011
0

Sock Drawer some cards...anyone else?

Well since being approved for the $3K NFCU cashrewards MC, I've decided to SD some of my "beginner" cards! =)  Yeah!  Just paid off the followign to $0 and sticking them in the drawer!

 

1. Best Buy Reward Zone MC ($300 limit - it's 2 yrs old though so didn't want to close it out)

2. Kay's Jewelry ($1100 limit- maybe  buy something small at Xmas to keep limit up)

3. Matrix Discover ($300 limit- totally want to cancel it, but paid the annual fee already so just gonna let it sit til June next year)

4. Bloomingdales ($300 limit- used one time paid in full and never bothered to use it again)

5. Fingerhutt ($600 limit- was $300 for two years, haven't used it in 10 mo and they bumped to $600- leaving it sit)

6. JC Penny ($100 limit (yes a total joke of a limit) but i burnt them years ago in a BK so i buy a pair of shoes every 3-4mo on it! LOL)

7. Bealls ($250 limit- used once in past 6 mo)

8. Express ($250 limit- got it to use for clearance sale online, but when i went to pay everything was out of stock, never used it)

9. Lowes ($300 limit)- paid in full, we only use for small household projects 

 

Now the Only ones I have left that I use a lot (well until I got my NFCU cashrewards card) is:

Capital 1 Cash Rewards- $500 limit- owe $300 will be PIF next month and SDing it!

USAA secured CC- $2000 limit- owe $1400 will be PIF in Sept

STAR Card- $3150 limit- owe $1700

Take It Home card- $3150 limit- owe $1900

 

Debating the SD, as I CAN use my NFCU instead...however, i don't ever pay any interest on these cause I PIF each month...

Walmart $600 limit- $0 balance but I use this alot =) and usually PIF each month

Amazon $700 limit- $0 balance but I also use this monthly and for my Prime acct once a year then PIF

Paypal Smart Connect $500 limit- $0 balance, use for ebay shopping ALOT =) but PIF each month

 

 

So what are you all SD-ing anytime soon?  I'm pretty set on credit now, so I'm gonna be gardening the next 12 mo or so =)  

Equifax: 470 ( Lender 7/11) 548 (USAA-7/10/13

Experian: 493 (Lender 7/11) ) 588-USAA 7/10/13

TU: starting- 461 (Lender 7/11), 553-USAA 7/10/13- 647 (Walmart 7/15/13)
Vantage Score: 678
GOAL: FICO 650-690 by 12/2013
Frequent Contributor
Posts: 387
Registered: ‎06-15-2013
0

Re: Sock Drawer some cards...anyone else?

I've SD my Chase Freedom & BoA CR cards because they both have balances. I've also SD my BoA BBR card because I'm just going to make $30 monthly payments until I get the $30 credit and then I'll start the process of over again in Oct.

 

My Citi Diamond card is SD at the moment, until I figure out what regular spending I want to put onto it.

 

I'm going to SD my Amex until the Discover stops doing 5% CB on gas and then I'll bring it back out.

 

My Barclay card is going to remain in the SD until I need a new Apple product.

 

AMEX BCE: 5k; Barclay Apple: 2.5k; BoA CB: 3k; BoA BBR 4.2k; BoA Travel: 8k; Chase Sapphire: 5k; Chase Freedom: 6k; Citi Diamond: 3k; Discover IT: 9k

June 2013 FICOs: TU: 763; EX: 754; EQ: 764 (was 747 9/2012). Last app 2/20/2014 Garden until 3/2015
Super Contributor
Posts: 8,198
Registered: ‎03-25-2007
0

Re: Sock Drawer some cards...anyone else?

Most of my cards are SDed  Smiley Very Happy

 

Those that were just for interest free credit (Apple, BestBuy and WF) just sit there

 

Those that I don't use but have a purpose, pay some form of bill or charitable donation every month

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Senior Contributor
Posts: 7,682
Registered: ‎01-05-2013
0

Re: Sock Drawer some cards...anyone else?

Chase Freedom is in the SD, where it will remain for some time.  I will use my Discover It and Barclay Reward MC.  The two have more credit than I need, and nicely cover my spending categories.  Freedom is my lowest limit card and parallels Discover on 5% categories, so I realy don't have much use for it, at the moment.

Contributor
Posts: 1,994
Registered: ‎11-17-2012
0

Re: Sock Drawer some cards...anyone else?

Shell will be sock drawered after getting approved for and receiving a Blue Sky... As you can see, it hasn't been growing with me and I'll just dig it out every 6 months for a tank of gas!

Capital One Quicksilver WMC $20k | JCPenney Platinum $10k | Shell Drive for Five $800 | Chase Freedom VS $5k | TD Bank Easy Rewards VS $5k | Chase Sapphire VS $14.8k | American Express Blue Sky $13.7k | Discover IT $24k | SavingStar American Express $14.8k | American Express BCE $11.3k | Macy's American Express $7.2k | Capital One BuyPower WEMC $7.5k

FICOS: EX 772 EQ 733 TU 764 VantageScore 3.0: EX 749 EQ 753 TU 754
Valued Member
Posts: 116
Registered: ‎07-14-2011
0

Re: Sock Drawer some cards...anyone else?

I've decided everything is getting SD'd by the next month.  I will ONLY utilize the NFCU card and PIF each month, with hopes they will see my consistent uses and bump me in CLI over the next 12 mo or so...I've seen/heard they are generous, so hopefully if they see everything PIF on my report they will be more willing to give me 8-10K CL =)  I'm hoping at least that is!  Maybe if my others sit for 6 mo or so without any use those companys may bump me up as well =) we shall see! 

Equifax: 470 ( Lender 7/11) 548 (USAA-7/10/13

Experian: 493 (Lender 7/11) ) 588-USAA 7/10/13

TU: starting- 461 (Lender 7/11), 553-USAA 7/10/13- 647 (Walmart 7/15/13)
Vantage Score: 678
GOAL: FICO 650-690 by 12/2013
Established Contributor
Posts: 803
Registered: ‎05-16-2012
0

Re: Sock Drawer some cards...anyone else?

Cap One and Fingerhut have been in the SD. Amex recently joined them Smiley Wink

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Senior Contributor
Posts: 4,039
Registered: ‎10-02-2012
0

Re: Sock Drawer some cards...anyone else?

DS SD her Macys Card, AE Card, and ON Card. SD until the holidays and Black friday come through.

Chapter 7 Bankruptcy discharged on 7/11/16. Let the rebuilding begin!

EX FICO ---, EQ FICO ---, TU FICO ---. Banking with Citi Bank and Rabobank. Gardening Since 07/18/16
Moderator
Posts: 27,204
Registered: ‎09-13-2012
0

Re: Sock Drawer some cards...anyone else?

[ Edited ]
I have SD:

Chevron, JCP, Chevron, PayPal MC, Macy's, Discover, .NFCU, Walmart ( and the Wal/Discover when it arrives) Mutual of Omaha MC, DCU Visa and VS.

Using:

Freedom, PRG, Nordstrom,

DH SD:

OB, Cap1, Sams, WalMart


Using:

Amex, Discover


Think that's it!
Contributor
Posts: 113
Registered: ‎07-20-2013
0

Re: Sock Drawer some cards...anyone else?

I SD all my cards other than discover 5% cashback. I use that 5% to payback my bills! 

EX 724 ,NFCU Cash Rewards 7k DCU Plat 4.1k, Discover IT 2.5k Chase Freedom 2k. . Cap1 Plat $1.5k, Cap1 QS 1k, , Wells fargo 1.5k, Paypal 1.5k

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