topic Re: Mini Spree in Credit Card Approvals

Mini Spree

JustKeepSwmng — Tue, 08 Mar 2022 18:42:47 GMT

After getting the Amex CLI, upgrade and Gold, decided to do a couple others before going back to the garden.

BOA- Unlimited Rewards $1.5k SL (preferred rewards Gold member with them so 1.87% cash back)

Apple- $6k SL

Wells Fargo: got a needs review message, called and got "pending".

I want to get rid of my two secured cards. Citi $1k, BOA $1k. Both about 2 years old, have other older cards. Any harm to axing these?

Re: Mini Spree

CYBERSAM — Tue, 08 Mar 2022 19:00:42 GMT

Congrats on your mini Spree! 🤑👍👍

Any credit card that you close would report for next ten years!

Re: Mini Spree

Elpadrino1 — Tue, 08 Mar 2022 19:03:16 GMT

Congratulations on your approvals!!

Re: Mini Spree

cashorcharge — Tue, 08 Mar 2022 19:11:25 GMT

That's terrific!! Congratulations on your Approvals!! 🎉🥂👏

Re: Mini Spree

Jordan23ww — Tue, 08 Mar 2022 20:14:09 GMT

Congratulations on all your moves! Accounts with positive history stay on your credit report for 10 years (negative history accounts stay 7). As long as you are not using a lot of your available credit on your other cards you shouldn't see any major negative affects from closing them. You'll just lose the closed accounts' limits counting towards your available credit.

Re: Mini Spree

gdale6 — Tue, 08 Mar 2022 20:17:21 GMT

Grats on your new approvals

If your utlization is under control then no problem canceling the secureds

Re: Mini Spree

Red1Blue — Tue, 08 Mar 2022 20:26:56 GMT

Citi and BOA might become unsecure eventually. If there is no AF it does not hurt to leave them alone age. I have 7 secured cards totaling $38k in limits. I closed most of the secured cards that has AF on them. I left the remaining cards open hoping they will become unsecure some day. US Bank / TD Bank/ Sable / Affinity / SDFCU. In your case if you dont need the money right way I would leave Citi and BOA secured cards in place. They will graduate one day.

Re: Mini Spree

coreyb80 — Tue, 08 Mar 2022 20:32:34 GMT

Congrats on the approvals. Have you inquired with BoA about graduating your secured card?

Re: Mini Spree

CreditAggie — Tue, 08 Mar 2022 21:25:06 GMT

Congratulations on your approvals!

Re: Mini Spree

Reviewers — Tue, 08 Mar 2022 22:35:12 GMT

Congrats on your spree of approvals @JustKeepSwmng

Re: Mini Spree

MasonK — Tue, 08 Mar 2022 23:08:36 GMT

Congrats on the approvals from Apple and BoA! Best of luck on Wells!

Re: Mini Spree

JustKeepSwmng — Wed, 09 Mar 2022 02:57:12 GMT

Thanks! I pretty much pay everything before it reports, with around 0-3% utilization reporting.

Re: Mini Spree

JustKeepSwmng — Wed, 09 Mar 2022 03:00:40 GMT

I plan to call this week. I do a lot of banking with them, $50k+ in each account and have had them like 10 years now. I thought the unsecuring would have happened by now.

Citi I've done all the recommended things in managing that card but still nothing. I thought it was a routine 12-15 months with them.

Re: Mini Spree

greatscott85 — Wed, 09 Mar 2022 03:01:13 GMT

Congrats! Throw the secured cards in the SD (sock drawer). Won't hurt to let them sit, unless they badger you about not using them. Dumping them, as others have said, is fine too.

Re: Mini Spree

HeavyResist — Wed, 09 Mar 2022 03:15:44 GMT

Keep the cards to keep utilization low. AAoA's matters.

Re: Mini Spree

CreditMagic7 — Wed, 09 Mar 2022 04:33:39 GMT

Congratulations on both of your NEW approvals!!