To close or not to close

Anonymous · ‎03-19-2008

Ok I have ONE card with an annual fee. The BB rewards MC. Coming up on that time the annual fee is 39.00 but over the year I have managed to reap a whole lot more than 39.00 in rewards. The problem is ,I can't decipher how much was from the MC usage and how much from the store card usage. A few hundred bucks at least. I had them waive it the first year before activation and two years of reporting history looks a lot better than one.

To close or not to close?

orl2185 · ‎03-19-2008

Brammy wrote:
Ok I have ONE card with an annual fee. The BB rewards MC. Coming up on that time the annual fee is 39.00 but over the year I have managed to reap a whole lot more than 39.00 in rewards. The problem is ,I can't decipher how much was from the MC usage and how much from the store card usage. A few hundred bucks at least. I had them waive it the first year before activation and two years of reporting history looks a lot better than one.

To close or not to close?

Mod, read on a few post about you loving BB I believe you bought a refrigerator not sure if I'm correct. Might as well stay with it. Give it another year of reporting,

MidnightVoice · ‎03-19-2008

I have one card with an AF - my Chase United airmiles card. I prbably break even of make a profit, but I am keeping it because every one of my cards serves a very specific purpose. This one actually serves two - it is my "keep track of charitable donations in one place" card, and also my "transfer money to the bottomless pit (AKA Dear Daughter)" card.

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Anonymous · ‎03-19-2008

orl2185 wrote:

Brammy wrote:

Ok I have ONE card with an annual fee. The BB rewards MC. Coming up on that time the annual fee is 39.00 but over the year I have managed to reap a whole lot more than 39.00 in rewards. The problem is ,I can't decipher how much was from the MC usage and how much from the store card usage. A few hundred bucks at least. I had them waive it the first year before activation and two years of reporting history looks a lot better than one.

To close or not to close?

Mod, read on a few post about you loving BB I believe you bought a refrigerator not sure if I'm correct. Might as well stay with it. Give it another year of reporting,

Super Contributor maybe YOU should read my previous posts and realize the card I love is the Store card not he MC and the purchase was a dishwasher and Xmas presents. Oh and YES I do love BB. Love dillards too bit what does that have to do with the issuer.

Message Edited by Brammy on 03-19-2008 08:53 AM

orl2185 · ‎03-19-2008

Brammy wrote:

orl2185 wrote:

Brammy wrote:
Ok I have ONE card with an annual fee. The BB rewards MC. Coming up on that time the annual fee is 39.00 but over the year I have managed to reap a whole lot more than 39.00 in rewards. The problem is ,I can't decipher how much was from the MC usage and how much from the store card usage. A few hundred bucks at least. I had them waive it the first year before activation and two years of reporting history looks a lot better than one.

To close or not to close?

Mod, read on a few post about you loving BB I believe you bought a refrigerator not sure if I'm correct. Might as well stay with it. Give it another year of reporting,

Super Contributor maybe YOU should read my previous posts and realize the card I love is the Store card not he MC and the purchase was a dishwasher and Xmas presents. Oh and YES I do love BB. Love dillards too bit what does that have to do with the issuer.

Message Edited by Brammy on 03-19-2008 08:53 AM

LOL, I stand corrected...

Anonymous · ‎03-19-2008

Brammy, you have the store card. And you receive reward points from it. And you have the M.C. card with an A/F, which you also receive reward points. As far as that goes, why have 2 cards that give you points from the same store. Especially if the M.C. is costing you money in A/F fees?

I'd say if it won't hurt your utils to much, close the M.C. It's not benefiting you that much is it?

FretlessMayhem · ‎03-19-2008

Death to subprimes! I just closed 8 of my subprime cards.

Here we go again...

orl2185 · ‎03-19-2008

FretlessMayhem wrote:
Death to subprimes! I just closed 8 of my subprime cards.

Good for you, Hope it doesn't dip your scores that much though. Gotta give you credit for such a bold move like that

Message Edited by orl2185 on 03-19-2008 11:35 AM

Anonymous · ‎03-19-2008

@FretlessMayhem wrote:
Death to subprimes! I just closed 8 of my subprime cards.

Phew. That was a brave move on your part. How much in total cl's did you loose?

haulingthescoreup · ‎03-19-2008

@Anonymous wrote:
Ok I have ONE card with an annual fee. The BB rewards MC. Coming up on that time the annual fee is 39.00 but over the year I have managed to reap a whole lot more than 39.00 in rewards. The problem is ,I can't decipher how much was from the MC usage and how much from the store card usage. A few hundred bucks at least. I had them waive it the first year before activation and two years of reporting history looks a lot better than one.

To close or not to close?
Well, looking back over your records, what did you buy with the MC, and why didn't you use the store card for it? If it's giving you BB goodies in exchange for non-BB purchases, I can see that it might be worth keeping, what with having a Young Male Person in your household and all.

But if it's just getting used in the store, and the store card would have worked as well, I vote to dump it.

I now find myself with a mild-to-moderate case of excessive-card-itis, so I feel your pain.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007