While building and/or rebuilding credit they might have been fun and simple to get preapproved for, and somewhat useful in the begininng to a point, but the overuse of the SCT eventually reaches an apex. Being overextended and saturated with too many of them IMO might pose a crippling effect so today i continued the quest to slash 3 more of them yet again. With Comenity this now leaves VS(1025), Jcrew ($5400) and Linensource ($1650) which by the way also just got a CLI on. VS is likely next since JCrew is reasonably more frequent with CLI's and although really expensive i like shopping there sometimes. Linensource can be used with multiple catalogs so Kingsize & Jessica London were clearly redundant and needed purged.
On to Target RedCard ($500), when i called this afternoon to close this one i was transferred to a separate account dept rep not a CSR. They straightway honored the request to close it then went on to add that if they do close it, that it is permanant, suggesting to some sort of blacklist just for closing the account and wouldn't be able to open another ever again with Target. How true that is i don't know and further couldn't care less anyway and so be it, because being stuck at such a low limit with the Target Store RedCard for such a time already (2years +) with no CLI whatsover except for the first 3 months (300-500) opening it is long enough. I didn't even bother to try to prod them for any knowing full well it will never grow anyway.
So from a total of 8 Comenity store cards about a year ago, now to only 3 with 1 more for certain pending, maybe 2 
i think it was the right move at the right time to squeeze out these store cards that served their purpose, let those closings reflect on the CR's, and move forward again without dragging around all of that uneccessary baggage in front of future U/W reviews. Since i'm focusing strictly on Bankcards going forward after a nice stay in the Garden for 3-4 months more, do you think that this sort of action now will help my FICO scores at all or not.
I'm currently looking at 3 major Bankcards going 1 year in February for a slight FICO lift then, and felt particularly uneasy with the stockpile of those low limit store cards included on the reports.
@CreditMagic7 wrote:While building and/or rebuilding credit they might have been fun and simple to get preapproved for, and somewhat useful in the begininng to a point, but the overuse of the SCT eventually reaches an apex. Being overextended and saturated with too many of them IMO might pose a crippling effect so today i continued the quest to slash 3 more of them yet again. With Comenity this now leaves VS(1025), Jcrew ($5400) and Linensource ($1650) which by the way also just got a CLI on. VS is likely next since JCrew is reasonably more frequent with CLI's and although really expensive i like shopping there sometimes. Linensource can be used with multiple catalogs so Kingsize & Jessica London were clearly redundant and needed purged.
On to Target RedCard ($500), when i called this afternoon to close this one i was transferred to a separate account dept rep not a CSR. They straightway honored the request to close it then went on to add that if they do close it, that it is permanant, suggesting to some sort of blacklist just for closing the account and wouldn't be able to open another ever again with Target. How true that is i don't know and further couldn't care less anyway and so be it, because being stuck at such a low limit with the Target Store RedCard for such a time already (2years +) with no CLI whatsover except for the first 3 months (300-500) opening it is long enough. I didn't even bother to try to prod them for any knowing full well it will never grow anyway.
So from a total of 8 Comenity store cards about a year ago, now to only 3 with 1 more for certain pending, maybe 2
I'm currently looking at 3 major Bankcards going 1 year in February for a slight FICO lift then, and felt particularly uneasy with the stockpile of those low limit store cards included on the reports.
I approve of this.
Which cards (Besides Sallie Mae) are you targeting?
@CreditMagic7 wrote:While building and/or rebuilding credit they might have been fun and simple to get preapproved for, and somewhat useful in the begininng to a point, but the overuse of the SCT eventually reaches an apex. Being overextended and saturated with too many of them IMO might pose a crippling effect so today i continued the quest to slash 3 more of them yet again. With Comenity this now leaves VS(1025), Jcrew ($5400) and Linensource ($1650) which by the way also just got a CLI on. VS is likely next since JCrew is reasonably more frequent with CLI's and although really expensive i like shopping there sometimes. Linensource can be used with multiple catalogs so Kingsize & Jessica London were clearly redundant and needed purged.
On to Target RedCard ($500), when i called this afternoon to close this one i was transferred to a separate account dept rep not a CSR. They straightway honored the request to close it then went on to add that if they do close it, that it is permanant, suggesting to some sort of blacklist just for closing the account and wouldn't be able to open another ever again with Target. How true that is i don't know and further couldn't care less anyway and so be it, because being stuck at such a low limit with the Target Store RedCard for such a time already (2years +) with no CLI whatsover except for the first 3 months (300-500) opening it is long enough. I didn't even bother to try to prod them for any knowing full well it will never grow anyway.
So from a total of 8 Comenity store cards about a year ago, now to only 3 with 1 more for certain pending, maybe 2
I'm currently looking at 3 major Bankcards going 1 year in February for a slight FICO lift then, and felt particularly uneasy with the stockpile of those low limit store cards included on the reports.
Wow! Really?!
Anywho, good move!
Nice job.. I only have 2 Store Cards JCREW and Gamestop, both SCT.. Honestly the Gamestop was just dumb of me.. I rather pay with a rewards regular credit card for whatever I need console/game wise... JCREW actually I don't mind using and those credit limits can get very big from others I have seen.. Waiting to hit the 9 months then hoping for some big love.. So gamestop will be closed once it hits a year, quite a bit of time left 
...
People the SCT is ok for 1 or 2 cards, but you will regret it later! Thank gosh I didn't get taken to far into it.. Gamestop I must of been drinking Tequilla while I Drapped (well accepted the pre-approval)..
@CreditCuriousity wrote:Nice job.. I only have 2 Store Cards JCREW and Gamestop, both SCT.. Honestly the Gamestop was just dumb of me.. I rather pay with a rewards regular credit card for whatever I need console/game wise... JCREW actually I don't mind using and those credit limits can get very big from others I have seen.. Waiting to hit the 9 months then hoping for some big love.. So gamestop will be closed once it hits a year, quite a bit of time left
People the SCT is ok for 1 or 2 cards, but you will regret it later! Thank gosh I didn't get taken to far into it.. Gamestop I must of been drinking Tequilla while I Drapped (well accepted the pre-approval)..
+ a gazillion
@Anomalous wrote:
@CreditMagic7 wrote:While building and/or rebuilding credit they might have been fun and simple to get preapproved for, and somewhat useful in the begininng to a point, but the overuse of the SCT eventually reaches an apex. Being overextended and saturated with too many of them IMO might pose a crippling effect so today i continued the quest to slash 3 more of them yet again. With Comenity this now leaves VS(1025), Jcrew ($5400) and Linensource ($1650) which by the way also just got a CLI on. VS is likely next since JCrew is reasonably more frequent with CLI's and although really expensive i like shopping there sometimes. Linensource can be used with multiple catalogs so Kingsize & Jessica London were clearly redundant and needed purged.
On to Target RedCard ($500), when i called this afternoon to close this one i was transferred to a separate account dept rep not a CSR. They straightway honored the request to close it then went on to add that if they do close it, that it is permanant, suggesting to some sort of blacklist just for closing the account and wouldn't be able to open another ever again with Target. How true that is i don't know and further couldn't care less anyway and so be it, because being stuck at such a low limit with the Target Store RedCard for such a time already (2years +) with no CLI whatsover except for the first 3 months (300-500) opening it is long enough. I didn't even bother to try to prod them for any knowing full well it will never grow anyway.
So from a total of 8 Comenity store cards about a year ago, now to only 3 with 1 more for certain pending, maybe 2
I'm currently looking at 3 major Bankcards going 1 year in February for a slight FICO lift then, and felt particularly uneasy with the stockpile of those low limit store cards included on the reports.
Wow! Really?!
Anywho, good move!
Yeah, i don't know if it was just a scare tactic or what kind of nonsense that was all about but it didn't really matter anyway.
@Anonymous wrote:
@baller4life wrote:I just cringe when I see people loading up on SCT cards. Good job dumping them.
Same. It's like watching a movie you've seen before where a guy is about to run into traffic and get splattered, and then it happens. But every time you say "NOOOO, don't do it!"
I understand the lure of easy approvals when you're used to being denied all the time, but it's absolutely not worth it.
Final Destination fan? 