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What credit cards to get rid of?

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mattayy
Frequent Contributor
‎03-14-2014 08:06 AM
‎03-14-2014 08:06 AM

What credit cards to get rid of?

I have obtained a bunch of unecessary credit cards over the past year and my AAoA has decreased to 5 months. I wanted to get some feedback on what I should get rid of and what I should keep. 

 

Here is my credit profile as of right now and the dates the cards were opened. 

 

Cap 1 secured - 10/11

Credit 1/Fingerhut - 06/13

Barclay Rewards - 09/13

BofA Cash Rewards - 09/13

Macy's/Bloomies - 11/13

Shell/Kohl's - 12/13

Amazon/Walmart/Paypal SC/Gap- 02/14

 

I have 22 INQ's (yikes I know)

 

Should I just keep it all and let them age? I'm not sure what to do or what would be the best option at this time. 

 

 

EQ: 584 TU: 615 EX: 612

Cap 1 Williams Sonoma Visa $3.5k limit, Walmart MC $2k limit, American Express Platinum $2K limit, Venmo Visa $900 limit, Credit One Amex $700 limit, Credit One Visa $400 limit, Kohls $300 limit, Target RedCard $300 limit, Living Spaces $1k limit, Amazon $400 limit, Jcrew $450 limit, US Bank $300 limit
Message 1 of 6
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yudeology101
Senior Contributor
‎03-14-2014 08:20 AM
‎03-14-2014 08:20 AM

Re: What credit cards to get rid of?

@mattayy wrote:

I have obtained a bunch of unecessary credit cards over the past year and my AAoA has decreased to 5 months. I wanted to get some feedback on what I should get rid of and what I should keep. 

 

Here is my credit profile as of right now and the dates the cards were opened. 

 

Cap 1 secured - 10/11

Credit 1/Fingerhut - 06/13

Barclay Rewards - 09/13

BofA Cash Rewards - 09/13

Macy's/Bloomies - 11/13

Shell/Kohl's - 12/13

Amazon/Walmart/Paypal SC/Gap- 02/14

 

I have 22 INQ's (yikes I know)

 

Should I just keep it all and let them age? I'm not sure what to do or what would be the best option at this time. 

 

 

You can close those above and don't worry about your AAoA being affected as they will still contribute and stay on your CR for 10years. 

JPM Ritz Carlton $8k I UMP Club $8k I CSP $8k | Chase Hyatt $5k I AMEX Green NPSL I AMEX Delta $2k I Citi AA $2k | C1 QS $4.5k
BOA UNC-CH Alumni $6k I Hawaiian WEMC $3k I Arrival $6.5k I IT $1.5k | Merrill+ $2k | Lowes $12k | Apple $2k | +23more
Scores: EQ:671 (FICO ↑ 11) EX:686 (FICO ↔ N/C) TU:686 (FICO ↑ N/C) *8-5-14*
Overall UTIL: 14% *Gardening Since: 1/20/16*
------------------------------------------------------------
Need to stay out of trouble.... Go Heels!!! ... GC Watchlist ( #1 since 12-12-13)
Message 2 of 6
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Creditaddict
Legendary Contributor
‎03-14-2014 08:35 AM
‎03-14-2014 08:35 AM

Re: What credit cards to get rid of?

@yudeology101 wrote:
@mattayy wrote:

I have obtained a bunch of unecessary credit cards over the past year and my AAoA has decreased to 5 months. I wanted to get some feedback on what I should get rid of and what I should keep. 

 

Here is my credit profile as of right now and the dates the cards were opened. 

 

Cap 1 secured - 10/11

Credit 1/Fingerhut - 06/13

Barclay Rewards - 09/13

BofA Cash Rewards - 09/13

Macy's/Bloomies - 11/13

Shell/Kohl's - 12/13

Amazon/Walmart/Paypal SC/Gap- 02/14

 

I have 22 INQ's (yikes I know)

 

Should I just keep it all and let them age? I'm not sure what to do or what would be the best option at this time. 

 

 

You can close those above and don't worry about your AAoA being affected as they will still contribute and stay on your CR for 10years. 

I agree, close those 3.

Message 3 of 6
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teddybearkelli1
Contributor
‎03-14-2014 11:14 AM
‎03-14-2014 11:14 AM

Re: What credit cards to get rid of?

Completely agree with the above responses.

FICO scores: 790 (EQ) 786 (EX) 796 (TU) |
My Wallet:NFCU CR Visa 24k, AMEX Delta Gd 18k, Walmart Discvr 12k, USAA Plat RA MC 13k, BECU Visa 13k, NFCU NR MC 10k, Sams Discvr 10k, Sportsmans Visa 11.5k, WF Plat Visa 10k, Paypal Extra MC 10k, BofA Fraternity MC 14k, Sams Credit 10k, USAA World MC 9k, Military Star 8.2k |BOA CR 8k |AMEX Evrdy 8k |Lowes 7.3k | Chase Military Star MC 16k, JCPenneys MC 7k, Discover IT 5k , Gymboree Visa 4.5k, Sears MC 4k, TJX MC 3.5k, ToysRUS MC 5k, Chase Amazon Visa 3k, Home Depot 3k, Citibank Simplicity 6.5k, Fred Meyers Visa 2.5k, Target 2k, Kohls 2k, ITunes Visa 5k, Macys 2k, Vystar CU Visa 5k
Message 4 of 6
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vega25
Member
‎03-14-2014 02:41 PM
‎03-14-2014 02:41 PM

Re: What credit cards to get rid of?

I agree with the recommendations.

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mattayy
Frequent Contributor
‎03-18-2014 05:43 AM
‎03-18-2014 05:43 AM

Re: What credit cards to get rid of?

Thanks everyone! Took the advice and closed those accounts Smiley Happy 

EQ: 584 TU: 615 EX: 612

Cap 1 Williams Sonoma Visa $3.5k limit, Walmart MC $2k limit, American Express Platinum $2K limit, Venmo Visa $900 limit, Credit One Amex $700 limit, Credit One Visa $400 limit, Kohls $300 limit, Target RedCard $300 limit, Living Spaces $1k limit, Amazon $400 limit, Jcrew $450 limit, US Bank $300 limit
Message 6 of 6
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