The useless card thread

[BungalowMo]

For me it's the Chase BP card.  3 months after getting it, the BP station near my house sold out to Shell. 

Chase refuses to do a pc.  The card sits in my safe.  I'll likely just shread it.

[nj23]

I don't have a useless card yet - but I'm kind of thinking it will be Discover after the sign up bonuses, etc. settle and outside of the restaurant quarterly.  I mean, I just apped for and got SIX new cards.  Yes, in hindsight, too many...but I do have plans for most of them...and the two with AF I will use the most, and really I was trying to build relationships with lenders in addition to increasing my total limits for UTIL.  My FICO will take an immediate hit, but in 6-12 months, it will have recovered I think with perfect payment history and ideal utility.  After all, I'm planning on being wealthy (and not dreamy kind of wealthy, but work my ass off kind of wealthy) in 5-10 years so getting my foot in the door early is helpful .

[Tkbreeden72]

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@dodgerslv wrote:

I have a few:

Barclays Williams Sonoma (only apped to buy a set of dishes...LOL)

Dillards (very rarely shop there)

Citi TYPremier (has been nerfed so will close once i reach the 13th month which will be in August).

Marriott (have the Ritz and devaluation doesnt help)

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Can someone tell me what "nerfed" means?

[nj23]

Nerfed in this sense means to water down the benefits. Like if you get 5% on travel and next year they change it to 3% then it was nerfed.

[Tkbreeden72]

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@nj23 wrote:
Nerfed in this sense means to water down the benefits. Like if you get 5% on travel and next year they change it to 3% then it was nerfed.

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Gotcha!  I figured as much but wanted to make sure before I started throwing the term incorrectly

Thanks for the quick repsonse.

[SunriseEarth]

My two useless cards are VS Angel Card and the Merrick Visa.   As for VS, I only shop at BBW, and that doesn't count toward rewards points.   The Merrick Visa has a very high APR and no rewards for using.  It's currently in the SD and will likely be closed at the 24 month mark.  

[longtimelurker]

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@nj23 wrote:
Nerfed in this sense means to water down the benefits. Like if you get 5% on travel and next year they change it to 3% then it was nerfed.

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And to be a "true nerf" you also need to receive email like "Congratulations!  Your XXX card has been improved.  You will now get a full THREE PERCENT on all travel [except for air, sea and land travel, other exceptions apply] etc"

[duyen28262]

My useless cards are:

- HHgregg ($0/$4000) - their financing offer is not good compared to BestBuy. But it has a nice limit which helps with UTI.

- Amazon Store Card ($400) - no idea why I got it in the first place. Bad decision.

- Walmart DC ($400) - at least it's a Discover, so I can charge something small and get a statement

- Chase Slate - SD'ed for now, $0 balance. Hope for a good BT offer or CLI or something.

- Citi Simplicity / 2 BB&T Cards - SD'ed due to high balances. Working on paying it down ASAP.

[mongstradamus]

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@nj23 wrote:

I don't have a useless card yet - but I'm kind of thinking it will be Discover after the sign up bonuses, etc. settle and outside of the restaurant quarterly.  I mean, I just apped for and got SIX new cards.  Yes, in hindsight, too many...but I do have plans for most of them...and the two with AF I will use the most, and really I was trying to build relationships with lenders in addition to increasing my total limits for UTIL.  My FICO will take an immediate hit, but in 6-12 months, it will have recovered I think with perfect payment history and ideal utility.  After all, I'm planning on being wealthy (and not dreamy kind of wealthy, but work my ass off kind of wealthy) in 5-10 years so getting my foot in the door early is helpful .

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I have love hate with discover, but shopdiscover is pretty darn nice feature of the IT card. 

[nj23]

I totally forgot about shopdiscover. I really need to dork it out and make a spreadsheet. I will prob use that.