Thinking of Closing some cards

Closingracer99 · ‎08-08-2014

Current cards That I have:

Amazon store Card: $850 - 2nd oldest card

Amazon Visa Card: $1,000 - Best year round CB earner I have besides Q4 on discover and Chase Freedom

Chase Freedom: $3,500 - Goal Card of mine + carrying $494 Balance

Chase Sapphire: $4,500- Redundant

Chase Sapphire Preferrred: $5,000 - New

Chase Marriott premier : $5,000- New

Bank of America card: $2,500- New and only Mastercard

Bestbuy Store card: $2,000- Finanacing card for tech

Citi Thank your preferred card:$6,000 Dining but redundant with CSP but keeping

Citi Simplicity: $4,000

Capital One QS: $500 ( will be getting a half increase to $750)- 1.5% CB on my daily purchases at CVS

Amex EveryDay: $4,000

Amex BCE: $3,000: 3rd oldest

Discover it: $1,500- 1st Card but low limit

Thinking of closing some including the Chase sapphire but should I close some more?

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

B335is · ‎08-08-2014

@Closingracer99 wrote:
Current cards That I have:
Amazon store Card: $850 - 2nd oldest card
Amazon Visa Card: $1,000 - Best year round CB earner I have besides Q4 on discover and Chase Freedom
Chase Freedom: $3,500 - Goal Card of mine + carrying $494 Balance
Chase Sapphire: $4,500- Redundant
Chase Sapphire Preferrred: $5,000 - New
Chase Marriott premier : $5,000- New
Bank of America card: $2,500- New and only Mastercard
Bestbuy Store card: $2,000- Finanacing card for tech
Citi Thank your preferred card:$6,000 Dining but redundant with CSP but keeping
Citi Simplicity: $4,000
Capital One QS: $500 ( will be getting a half increase to $750)- 1.5% CB on my daily purchases at CVS
Amex EveryDay: $4,000
Amex BCE: $3,000: 3rd oldest
Discover it: $1,500- 1st Card but low limit

Thinking of closing some including the Chase sapphire but should I close some more?

I probably wouldn't unless there's an AF you aren't willing to pay or it's just too much to manage. Have you requested a CLI on the Amazon store card or Discover? If you decide to close the Sapphire, ask them to move the limit over to one of your other Chase cards, it's painless. Honestly the only card that stands out is the Simplicity but that's mostly because I churn Citi cards and usually need the limit to get a new approval.

Closingracer99 · ‎08-08-2014

I don't have a problem managing them but a few seem redundant . The Limits on the amazon store card I feel won't even get higher then 2k Lifetime and Discover Who knows lol. I already asked for CLI on both

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

wacdenney · ‎08-08-2014

Is it time for this debate again already?!? The pros and cons of whether or not to close I think at the end of the day boils down to personal descision. I am in the close em camp personally. My only credit plans for the near future are all card closures.

If I were in your boat I would be looking to close that QS1 and replacing it with Fidelity AMEX, but that's just me. I just hate Crap1...

That being said... Amazon Store and Saphire would seem like the obvious candidates for closure. Maybe try those out and see how it makes you feel?

Closingracer99 · ‎08-08-2014

@wacdenney wrote:
Is it time for this debate again already?!? The pros and cons of whether or not to close I think at the end of the day boils down to personal descision. I am in the close em camp personally. My only credit plans for the near future are all card closures.

If I were in your boat I would be looking to close that QS1 and replacing it with Fidelity AMEX, but that's just me. I just hate Crap1...

That being said... Amazon Store and Saphire would seem like the obvious candidates for closure. Maybe try those out and see how it makes you feel?

Why waste Keystrokes to Say Crap 1 and I am in that Boat .... Sapphire I will probably be closing in 90 days when I can move all of the limit elsewhere versus leaving $500 when closing. Amazon Store card I like it because of the financing offers and the fact it is my 2nd oldest card in a very thin file. I am usually in the Not close them and Sock Drawer boat but considering closing some. Though since you did bring it up I might just cancel it anyways long term it means nothing

As far as Cap 1 goes I like 1.5% CB ad even at $750 my plane was to just rack it up by buying Stuff at CVS with it. I would give it a year or 2 and see if it grows with me to a certain degree before I close it. I also guarantee I will be declined for that Amex card with my CR's how they are with inqs

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

Closingracer99 · ‎08-08-2014

So on the possible cutting Block is Amazon Store card and Chase sapphire ... Might Do capital one card if they don't give me a CLI after 7-10 months

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

wacdenney · ‎08-08-2014

What do you use Simplicity for? I have a hard time finding uses for Simplicity and Diamond Preffered. I intend to PC one of them to dividend and move the line from the other one over and close it or PC the other to Thank You Preffered. Just waiting on the intro APRs to run out on them to decide.

Also on the chopping block for me eventually are Ebates and Amazon Visa. I thought I would use the Ebates site for shopping, but I never do and I have better cards for dining than my Amazon card and I would rather have its limit applied to Freedom.

Also MAY end up closing my credit union card. I never use it. I just got it for the super low APR, but with its limit so low I couldn't really carry any kind of balance on it even if I wanted to.

Closingracer99 · ‎08-08-2014

I apped for the Citi simplicity card at the time for Util % purposes and for the intro APR%. Citi card were the first off the App spree that I did and figured if I got those 2 ( and thank you) i would be happy... Got the chase and other after the fact. Probably PC it to the Hiltons Card since it has no AF and just rack up points with it the eventually get something with it lol or maybe their category 5% CB card

Also the amazon visa is the only card where i get 3x points on amazon purchases which i shop at 98% of the time

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

longtimelurker · ‎08-08-2014

@Closingracer99 wrote:

Also the amazon visa is the only card where i get 3x points on amazon purchases which i shop at 98% of the time

I know you want to close cards, but you can guess what the reaction to that will be: get a Sallie Mae and get 5%!

wacdenney · ‎08-08-2014

@Closingracer99 wrote:

Also the amazon visa is the only card where i get 3x points on amazon purchases which i shop at 98% of the time

I'm an eBay guy. Ha!

At first I was pretty stoked thinking it would be great around Christmas time but then I got approved for Freedom which will have Amazon at 5% for Christmas.

Don't pay any attention to me. I just prefer to close a card rather than struggle to find a use for it or throw it in a drawer. My AAoA is already so shot that it really has no effect when I do close. Generally... I have no clue what I'm talking about anyway! I'm just here for the free coffee!!