Credit Cards Center Credit cards from our partners
Reply
Highlighted
Contributor
Posts: 85
Registered: ‎03-14-2012
0

Too many cards - which one to close?

[ Edited ]

Question: If my total CL is close to my gross income, can I still get new CC? 

 

I've tired of too many CCs, which one to close?

 

Citi: Dividend 3.5k, Forward 5k

Chase: CSP 5K, UA 7K, Freedom 5K

Amex: Delta 9.5K, SPG 3K

Barclay: NFL 1.5K

Discover: It 5.4K

 

Intend to close Delta and UA soon. 

Thanks.

 

freedom|forward|delta|spg|It|marriott|dividend|ua|aa|csp|typ
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
0

Re: Too many cards - which one to close?

Close none.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Contributor
Posts: 85
Registered: ‎03-14-2012
0

Re: Too many cards - which one to close?

[ Edited ]

Repo-ed wrote:

Close none.


Then do I need to, say, use Delta card every 3 month? 

I may switch Delta to Blue cash anyway because the annual fee.

freedom|forward|delta|spg|It|marriott|dividend|ua|aa|csp|typ
Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
0

Re: Too many cards - which one to close?


sqrt wrote:

Question: If my total CL is close to my gross income, can I still get new CC? 

 

I've tired of too many CCs, which one to close?

 

Citi: Dividend 3.5k, Forward 5k

Chase: CSP 5K, UA 7K, Freedom 5K

Amex: Delta 9.5K, SPG 3K

Barclay: NFL 1.5K

Discover: It 5.4K

 

Intend to close Delta and UA soon. 

Thanks.

 


Why would you want to closed credit card then re-apply for another CC ?

I dont understand ..........

Stay with your current card . Treat them good make a good solid payment every month and stop messing with those new APP.


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
0

Re: Too many cards - which one to close?


sqrt wrote:

Repo-ed wrote:

Close none.


Then do I need to, say, use Delta card every 3 month? 

I may switch Delta to Blue cash anyway because the annual fee.


Give them a call tell them you want a product change from your Delta to BCE.

It's can be done less than 5 mins and your new BCE card should be arrived in a few days.


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Contributor
Posts: 85
Registered: ‎03-14-2012
0

Re: Too many cards - which one to close?


nicholasyud wrote:

sqrt wrote:

Question: If my total CL is close to my gross income, can I still get new CC? 

 

I've tired of too many CCs, which one to close?

 

Citi: Dividend 3.5k, Forward 5k

Chase: CSP 5K, UA 7K, Freedom 5K

Amex: Delta 9.5K, SPG 3K

Barclay: NFL 1.5K

Discover: It 5.4K

 

Intend to close Delta and UA soon. 

Thanks.

 


Why would you want to closed credit card then re-apply for another CC ?

I dont understand ..........

Stay with your current card . Treat them good make a good solid payment every month and stop messing with those new APP.


Well, I have large spending coming and I want to apply a card with 0 intro APR. 

freedom|forward|delta|spg|It|marriott|dividend|ua|aa|csp|typ
Established Contributor
Posts: 652
Registered: ‎12-12-2012
0

Re: Too many cards - which one to close?


sqrt wrote:

Repo-ed wrote:

Close none.


Then do I need to, say, use Delta card every 3 month? 

I may switch Delta to Blue cash anyway because the annual fee.


PC to a card that you like.  Close none unless you opened them just in the past couple of months.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Contributor
Posts: 85
Registered: ‎03-14-2012
0

Re: Too many cards - which one to close?


FutureBillionaire wrote:

sqrt wrote:

Repo-ed wrote:

Close none.


Then do I need to, say, use Delta card every 3 month? 

I may switch Delta to Blue cash anyway because the annual fee.


PC to a card that you like.  Close none unless you opened them just in the past couple of months.


Well, I got the NFL card in Nov, so it's better to close this one? 

freedom|forward|delta|spg|It|marriott|dividend|ua|aa|csp|typ
Established Member
Posts: 46
Registered: ‎01-08-2013
0

Re: Too many cards - which one to close?

I dont know if it makes sense to close your two highest limit cards (33% of your total credit) with the hope that you will be able to replace them with cards of like limits. You will risk killing your util with the hopes of getting a lower rate?

 

Also considering that you plan a big purchase, what happens if you cant get the rates you want or cant get another card. Now you have to still make your large purchase, but you have given away 33% of your limits.

Amex Delta Gold $8,000 - Discover IT $1,250 - Citi Foward $2,000 - Capital One $300 - Banana Republic $300 - Walmart $300
Established Member
Posts: 46
Registered: ‎01-08-2013
0

Re: Too many cards - which one to close?

[ Edited ]

sqrt wrote:

FutureBillionaire wrote:

sqrt wrote:

Repo-ed wrote:

Close none.


Then do I need to, say, use Delta card every 3 month? 

I may switch Delta to Blue cash anyway because the annual fee.


PC to a card that you like.  Close none unless you opened them just in the past couple of months.


Well, I got the NFL card in Nov, so it's better to close this one? 



I think you are missing what everyone is saying. there is NO reason to close a card. DONT CLOSE YOUR CARDS

Amex Delta Gold $8,000 - Discover IT $1,250 - Citi Foward $2,000 - Capital One $300 - Banana Republic $300 - Walmart $300
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.