09-19-2012 01:12 PM
I've been reviewing the list of credit cards that I currently have. It doesn't look like I can expect any increases from Captial 1, Orchard is now part of their family so it looks like that will be grouped in with them. My highest CL is Target ($3k) but they don't do many credit line increases. I'm happy with that line and I like the store so the card will be used. I'm looking at that card as mature. It probably won't grow much.
That leaves Barclay's Merrick and Walmart. I think I can get Barclay's to grow every 4-5 months and the same with Walmart. That one is my runt but I think it can be a healthy boy someday. Merrick said that they don't accept customer initiated CLIs but they will review the account after 5-6 months so that might grow too. These 3 cards will go into a different section of the garden.
It's all about time and caring for them now...
09-19-2012 04:39 PM
Yep, I'm with you in the garden...
I also picked up some excellent cards over the last month or so, and now I need to do some serious gardening to get my AAoA back up and let some inquiries age off.
Unfortunately, I got a little crazy (it's an addiction) and picked up a couple that I don't want/need - caught up in the app spree success, I guess. After one year, I plan to close several of my cards that I really am not using, as it's too much of a hassle to keep track of when I've last used them. I think I have something like 15 right now (), and will most likely cut this down to less than 10 just for manageability.
Barclays and Walmart should definitely grow, and I had a Merrick card back in the day that did OK. I started out with a $1000 CL, and after 4-5 years they had auto-CLI'd me to $3600.
Good luck to you in the garden.