This is one of those questions that depending on your prospective or situation the answer can vary. Me personally I see credit in general as a wealth building tool. I do not take anything personally to be honest. Perfect example would be when Barclay closed my NFL card for excessive inquiries. My response more or less was meh, as it really did not effect my goals, or overall credit health. Another example would be hard inquiries. I really for most part could careless about them. In reality it more or less really only about 10% of overall fico score, and I am not going focus my attention on something so small. Prehaps when I am at point of trying to get into the 800 club that may change , or when I am trying to buy a home, But infact even with home situration I have been pre apporved with excessive inquiries , but then again lenders may over look thise easier for me then other as my overal utilization usually is less then 5% , and never is more then 10% .
@ilovelisa wrote:
@toppers555 wrote:This is one of those questions that depending on your prospective or situation the answer can vary. Me personally I see credit in general as a wealth building tool. I do not take anything personally to be honest. Perfect example would be when Barclay closed my NFL card for excessive inquiries. My response more or less was meh, as it really did not effect my goals, or overall credit health. Another example would be hard inquiries. I really for most part could careless about them. In reality it more or less really only about 10% of overall fico score, and I am not going focus my attention on something so small. Prehaps when I am at point of trying to get into the 800 club that may change , or when I am trying to buy a home, But infact even with home situration I have been pre apporved with excessive inquiries , but then again lenders may over look thise easier for me then other as my overal utilization usually is less then 5% , and never is more then 10% .
How many inquiries did you have when Barclays closed your account?
I believe it was 15 , but I was playing with credit limit increase button.
I don't have an AMEX. I've never had an AMEX.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
In my case it was inconvenient when ge closed my consumer lowes account... it was embarrassing to find out at the store with a deep freeze on a cart at the customer service desk. Its all good; I paid cash and decided to never get another GE backed lowes account. Now I have Amex lowes which gives me 7% rewards.
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
@ilovelisa wrote:Well then I am definitely getting shut down by them. 46 if not more on TU. Should I let them close it, or be proactive and call and ask them to close it?
You may be okay as long as you don't ask for a credit limit increase. I was aware of them closing accounts before when customer with alot of inquries ask for credit limit increase. It was second time I putin the request in a 2 month period. Also i barely used the card because of 500 CL , which may have been another factor in the closing. I think it had like a $0-$20 balance for last 2 months..
Why do people get upset?
JMO, but I personally believe that I'm on a journey...and when/if a given creditor takes AA, it would feel like a step backwards, i.e. a slap in the face.
Frankly, from the threads I've read here, I find it difficult to believe that NO CC company has taken AA against me...I'm never late or over the limit, but frequently have multiple cards reporting maxed out...
I'm in the garden for 2013 and hope to have NOTHING maxed out by the end of the year. 