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Established Contributor
bernhardtra
Posts: 853
Registered: ‎10-15-2011

What's in your.... Sock Drawer (SD)?

I have put my Merrick Bank and Household Bank cards there, but's what's in yours?  Why?

 

I put the Merrick Bank card there because it is the least useful card that I own.  It has no rewards.

I also put the Household Bank card in the SD because it does not grow well since Capone took it over.  The rewards are not bad and there is no annual fee, it is just not growing. 

I also put the Walmart Card, Bealls of Florida Card, Belks Card, and Marathon Gas Card in the sock drawer as there really is no reason to use these cards anymore.  Occassionally the Walmart Card is good for gas and special promotions, but there are no rewards with it so I might as well use a rewards card.  The Bealls, Marathon, and Belks cards also have no rewards and therefore it makes no sense in using them.


Credit is just like a video game. Some people have already gotten the experience from other games. Others, well they just have to learn. You go out on a quest. If you die or get wounded you just restart from the last save point or heal. Unlike a video game, we don't have a last save point or magic potions to heal instantly.

So maybe one day we will get a SIMs credit game so we can prepare better for real life.
Super Contributor
enharu
Posts: 6,828
Registered: ‎02-27-2013

Re: What's in your.... Sock Drawer (SD)?

My Macy's and Bloomingdale's card.

Doesn't make any sense for them to charge me any fees even when I PIF.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Discover IT (15k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k).
Established Contributor
NJTurnpike
Posts: 662
Registered: ‎02-20-2013

Re: What's in your.... Sock Drawer (SD)?


bernhardtra wrote:

I have put my Merrick Bank and Household Bank cards there, but's what's in yours?  Why?

 

I put the Merrick Bank card there because it is the least useful card that I own.  It has no rewards.

I also put the Household Bank card in the SD because it does not grow well since Capone took it over.  The rewards are not bad and there is no annual fee, it is just not growing. 

I also put the Walmart Card, Bealls of Florida Card, Belks Card, and Marathon Gas Card in the sock drawer as there really is no reason to use these cards anymore.  Occassionally the Walmart Card is good for gas and special promotions, but there are no rewards with it so I might as well use a rewards card.  The Bealls, Marathon, and Belks cards also have no rewards and therefore it makes no sense in using them.


Does your household bank card get 2% cash back on everything like mine does?


DCU ( pulled 3/29/13) EQ04 683 | Amex (pulled 3/28/13) EX 760 | US Bank (pulled 3/28/13) EX 753
CreditKarma (4/19/13) TU-TR 701 | TU Vantage 788 | USAA FAKO (3/31/13) EX 728, EQ 699, TU 737 |
Inquiries (4/18/13) EX 13 | EQ 13 | TU 14
Valued Member
cheychey99
Posts: 44
Registered: ‎03-31-2013

Re: What's in your.... Sock Drawer (SD)?

In the SD is my Orchard Bank (300 cl) and Cap One secured card (200 cl). I hate Orchard Banks refusal to grow. Good riddance.

Starting Score: EQ 556
Current Score: EX 610 TU 619 EQ 631
Goal Score: 700


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Established Contributor
bernhardtra
Posts: 853
Registered: ‎10-15-2011

Re: What's in your.... Sock Drawer (SD)?


NJTurnpike wrote:

bernhardtra wrote:

I have put my Merrick Bank and Household Bank cards there, but's what's in yours?  Why?

 

I put the Merrick Bank card there because it is the least useful card that I own.  It has no rewards.

I also put the Household Bank card in the SD because it does not grow well since Capone took it over.  The rewards are not bad and there is no annual fee, it is just not growing. 

I also put the Walmart Card, Bealls of Florida Card, Belks Card, and Marathon Gas Card in the sock drawer as there really is no reason to use these cards anymore.  Occassionally the Walmart Card is good for gas and special promotions, but there are no rewards with it so I might as well use a rewards card.  The Bealls, Marathon, and Belks cards also have no rewards and therefore it makes no sense in using them.


Does your household bank card get 2% cash back on everything like mine does?


No it has 2% on some things, but 1% on others.  I have cards that get 3% and 5% on the same categories anyway. 


Credit is just like a video game. Some people have already gotten the experience from other games. Others, well they just have to learn. You go out on a quest. If you die or get wounded you just restart from the last save point or heal. Unlike a video game, we don't have a last save point or magic potions to heal instantly.

So maybe one day we will get a SIMs credit game so we can prepare better for real life.
Regular Contributor
WolfMan
Posts: 149
Registered: ‎02-01-2013

Re: What's in your.... Sock Drawer (SD)?

Merrick Bank Visa (700) - Waiting for that letter that I've opened too many credit lines. If I get it, it gets cancelled. No YF, so I'll leave it open otherwise. 

 

Cap 1 Cash Rewards Platinum MC (1000) - $39 YF - Just before the next YF hits, it's getting cancelled. It's not worth the YF to me. 

 

Buckle Store Card (500) - Got it from the shopping card trick to help my util, but now that my limits are good on my prime cards, I have no use for it. I ordered a wallet from them once, but don't see myself shopping there. I'll leave it open. Once it hits the year mark, I may consider closing it. 

 

My other cards gets used quite often. 

MyFico Scores 8/2013: EX:702 EQ:724 TU:730 -- 2009: I had BAD credit. -- PIF Weekly!
Established Contributor
bernhardtra
Posts: 853
Registered: ‎10-15-2011

Re: What's in your.... Sock Drawer (SD)?


NJTurnpike wrote:

bernhardtra wrote:

I have put my Merrick Bank and Household Bank cards there, but's what's in yours?  Why?

 

I put the Merrick Bank card there because it is the least useful card that I own.  It has no rewards.

I also put the Household Bank card in the SD because it does not grow well since Capone took it over.  The rewards are not bad and there is no annual fee, it is just not growing. 

I also put the Walmart Card, Bealls of Florida Card, Belks Card, and Marathon Gas Card in the sock drawer as there really is no reason to use these cards anymore.  Occassionally the Walmart Card is good for gas and special promotions, but there are no rewards with it so I might as well use a rewards card.  The Bealls, Marathon, and Belks cards also have no rewards and therefore it makes no sense in using them.


Does your household bank card get 2% cash back on everything like mine does?


No it has 2% on some things, but 1% on others.  I have cards that get 3% and 5% on the same categories anyway. 


Credit is just like a video game. Some people have already gotten the experience from other games. Others, well they just have to learn. You go out on a quest. If you die or get wounded you just restart from the last save point or heal. Unlike a video game, we don't have a last save point or magic potions to heal instantly.

So maybe one day we will get a SIMs credit game so we can prepare better for real life.
Valued Contributor
lg8302ch
Posts: 2,020
Registered: ‎11-13-2012

Re: What's in your.... Sock Drawer (SD)?

[ Edited ]
Discover IT is on the way to SD. It has left my wallet just this month and will serve for ShopDiscover only due to the low CL. It is just a pain to send payments in to continue to use it. Benefits are not better than my other cards. Might get its place back in my wallet in case the CL gets to 5k. I will wait and see but for online shopping it still works well but not as everyday card. So it is kind of SD compared to my other cards.
FICO® EQ 764 (as of today) - TU 778 (04/01) * Fako EX 816 (04/03 - CS) last app 11/09/13 * INQ last 2 yrs TU: 5, EX: 6, EQ: 6
Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: What's in your.... Sock Drawer (SD)?

Everything in my siggy is SD except PRG and Flagship.
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: What's in your.... Sock Drawer (SD)?

[ Edited ]

BCP: reached cap on groceries, back next year

Citi AA: use once every 18 months to maintain AA points (have to consider value of this!)

Amalgamated Bank.  Well, don't even have a card for this (they sent a letter saying they would only send it if I asked, as I hadn't been using it).  Still open though

US Bank Cash Plus.  Just use for cell charges on auto pay

Barclays Rewards:  Low CL, no advantage for rewards

Chase Amazon: Forward gives better rewards

Penfed x2:  Used via speedpass.   Will use for groceries next year

Cap One x2.  One used for PerkCentral purchases only, both used for purchasing prepaid mobile time from international sites


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