Reply
Regular Contributor
Posts: 237
Registered: ‎07-13-2012
0

Time To Nurture A Few Of My Cards...

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...

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
Goal - 700 Club in '13!!!

My Wallet - Cap 1 - $300. Cap 1 - $750. Orchard - $950.
New as of 8/29 - Target - $3000. Barclay's - $2000. Merrick - $1000. Walmart $600. And as of 9/22 - JCP $200.
Established Contributor
Posts: 772
Registered: ‎01-03-2012
0

Re: Time To Nurture A Few Of My Cards...

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 (:smileyembarrassed:), 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. :smileyhappy: 


Starting Score: Jan 2012: EQ - 659, TU08 - 670, EX - ???
Current Score:April 2014: EQ - 772, TU08 - 782, EX - 754
Last App:3/21/14

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.