topic Re: Closed 3 store cards. Was grateful for them:) in Credit Cards

Closed 3 store cards. Was grateful for them:)

pizza1 — Sun, 15 Feb 2015 17:53:30 GMT

Since I have high limit major cards now, it's time to start weeding out, and pairing down a little. I was very grateful for them right after my BK in 2013, and feel a little guilty closing them because they gave me a chance again. But, I'm moving on and hope I'm doing the right thing. I was very grateful for the cards and the chance to have them.

closed:

Loft-$950

Buckle- $650

76 gas-$450

all at $0 balances, and will not effect my overall utilization one bit.

Re: Closed 3 store cards. Was grateful for them:)

CreditMagic7 — Sun, 15 Feb 2015 18:11:38 GMT

Yep pizza1, that's what I been doing since January.

They served a purpose and all of mine were always SP only CLI's but time moves on and so does our credit profile.

Nice job

Re: Closed 3 store cards. Was grateful for them:)

baller4life — Sun, 15 Feb 2015 18:11:48 GMT

Congrats pizza. It feels good closing rebuilder cards. I agree it's time for you to move on. You have done awesome!

Re: Closed 3 store cards. Was grateful for them:)

Anonymous — Sun, 15 Feb 2015 18:15:15 GMT

Never feel guilty.

Re: Closed 3 store cards. Was grateful for them:)

Anonymous — Sun, 15 Feb 2015 19:48:50 GMT

@pizza1 wrote:
Since I have high limit major cards now, it's time to start weeding out, and pairing down a little. I was very grateful for them right after my BK in 2013, and feel a little guilty closing them because they gave me a chance again. But, I'm moving on and hope I'm doing the right thing. I was very grateful for the cards and the chance to have them.

closed:

Loft-$950
Buckle- $650
76 gas-$450

all at $0 balances, and will not effect my overall utilization one bit.

Good decision...

Re: Closed 3 store cards. Was grateful for them:)

chalupaman — Sun, 15 Feb 2015 19:53:19 GMT

Treat it as another milestone in how far you've come.

Re: Closed 3 store cards. Was grateful for them:)

Anonymous — Sun, 15 Feb 2015 20:19:08 GMT

Did the same thing with Walmart and Amazon. Pretty much anything below $1000 CL.

Next move card-wise probably a Barclay (Rewards or Apple, to get in with them) and/or Discover IT.

Re: Closed 3 store cards. Was grateful for them:)

CreditMagic7 — Sun, 15 Feb 2015 20:24:13 GMT

I consider my own profile still fairly green as profiles go and I have recently closed out a whole host of those SCT cards as well as a reasonable $2200 reporting limit Fingerhut account with absolutely no regrets nor expect any mention of them during any review. In fact, it was during these recent closing cards that the big primes prequal sites began to start showing some nice offers. So take that for what it is but for me it was an unmistakable signal.

Re: Closed 3 store cards. Was grateful for them:)

elim — Sun, 15 Feb 2015 20:41:01 GMT

nice move :]

my 3 store cards are 3.5k, 5.2k, 8.5k... i just can't bring myself to close them but i'm always waiting after apps to see if the 10 months of amassing credit will bring any AA so it's always on my mind.

congrats on moving forward

Re: Closed 3 store cards. Was grateful for them:)

Anonymous — Sun, 15 Feb 2015 21:31:39 GMT

@elim wrote:
nice move :]

my 3 store cards are 3.5k, 5.2k, 8.5k... i just can't bring myself to close them but i'm always waiting after apps to see if the 10 months of amassing credit will bring any AA so it's always on my mind.

congrats on moving forward

It didn't hurt that Wally and Amazon only totaled $1000 so any pain inflicted on my CR should be minimal.

Re: Closed 3 store cards. Was grateful for them:)

pizza1 — Mon, 16 Feb 2015 02:28:13 GMT

thanks everyone I can't really bring myself yet to close anymore because the lowest cl is $3500, and ill wait to see how my major cards do over the next few years. i always feel like Im in a dream with all this credit, and Ill wake up and I won't have, lol. maybe in a few years I might close a couple more i don't use that often, but ill keep with these three for now.

Re: Closed 3 store cards. Was grateful for them:)

Anonymous — Mon, 16 Feb 2015 02:30:09 GMT

@pizza1 wrote:
thanks everyone I can't really bring myself yet to close anymore because the lowest cl is $3500, and ill wait to see how my major cards do over the next few years. i always feel like Im in a dream with all this credit, and Ill wake up and I won't have, lol. maybe in a few years I might close a couple more i don't use that often, but ill keep with these three for now.

No reason not to, really.

Re: Closed 3 store cards. Was grateful for them:)

msbia — Mon, 16 Feb 2015 03:15:14 GMT

Good job Pizza1, I have been doing he same lately (see sig). Although it hurt I closed my Walmart ($1400), Cap1 QS1 (yep during the approval frenzy, $1000), Home Depot $2,000) and next is PayPal SC and maybe....maybe Macy's. I closed Chevron and Gap in December. It can only help us in the long term.

Re: Closed 3 store cards. Was grateful for them:)

Anonymous — Mon, 16 Feb 2015 06:04:06 GMT

@CreditMagic7 wrote:
I consider my own profile still fairly green as profiles go and I have recently closed out a whole host of those SCT cards as well as a reasonable $2200 reporting limit Fingerhut account with absolutely no regrets nor expect any mention of them during any review. In fact, it was during these recent closing cards that the big primes prequal sites began to start showing some nice offers. So take that for what it is but for me it was an unmistakable signal.

Do you mean things got easier once you closed fingerhut? I am planning to pay them off and close it this month since they are CRAZY over priced. Do you recommend closing all store cards too or just some?

Re: Closed 3 store cards. Was grateful for them:)

CreditMagic7 — Mon, 16 Feb 2015 06:24:54 GMT

@Anonymous wrote:
@CreditMagic7 wrote:
I consider my own profile still fairly green as profiles go and I have recently closed out a whole host of those SCT cards as well as a reasonable $2200 reporting limit Fingerhut account with absolutely no regrets nor expect any mention of them during any review. In fact, it was during these recent closing cards that the big primes prequal sites began to start showing some nice offers. So take that for what it is but for me it was an unmistakable signal.
Do you mean things got easier once you closed fingerhut? I am planning to pay them off and close it this month since they are CRAZY over priced. Do you recommend closing all store cards too or just some?

The Pre Qualify sites most definitely turned on for me beginning with Chase after months of nothing, nada, zilch.

Can't be specific if it was a single store or the series of closing out SCT cards improved the situation, but starting limits on new cards also improved.

Re: Closed 3 store cards. Was grateful for them:)

Anonymous — Mon, 16 Feb 2015 06:48:59 GMT

@CreditMagic7 wrote:
@Anonymous wrote:
@CreditMagic7 wrote:
I consider my own profile still fairly green as profiles go and I have recently closed out a whole host of those SCT cards as well as a reasonable $2200 reporting limit Fingerhut account with absolutely no regrets nor expect any mention of them during any review. In fact, it was during these recent closing cards that the big primes prequal sites began to start showing some nice offers. So take that for what it is but for me it was an unmistakable signal.
Do you mean things got easier once you closed fingerhut? I am planning to pay them off and close it this month since they are CRAZY over priced. Do you recommend closing all store cards too or just some?
The Pre Qualify sites most definitely turned on for me beginning with Chase after months of nothing, nada, zilch.

Can't be specific if it was a single store or the series of closing out SCT cards improved the situation, but starting limits on new cards also improved.

Thanks! Thats really helpful for me ..The store cards I recently got have such low limits and that frustrates me after working so hard to get higher limits on my main cards.

Re: Closed 3 store cards. Was grateful for them:)

CreditMagic7 — Mon, 16 Feb 2015 07:08:16 GMT

@Anonymous wrote:
@CreditMagic7 wrote:
@Anonymous wrote:
@CreditMagic7 wrote:
I consider my own profile still fairly green as profiles go and I have recently closed out a whole host of those SCT cards as well as a reasonable $2200 reporting limit Fingerhut account with absolutely no regrets nor expect any mention of them during any review. In fact, it was during these recent closing cards that the big primes prequal sites began to start showing some nice offers. So take that for what it is but for me it was an unmistakable signal.
Do you mean things got easier once you closed fingerhut? I am planning to pay them off and close it this month since they are CRAZY over priced. Do you recommend closing all store cards too or just some?
The Pre Qualify sites most definitely turned on for me beginning with Chase after months of nothing, nada, zilch.

Can't be specific if it was a single store or the series of closing out SCT cards improved the situation, but starting limits on new cards also improved.

Thanks! Thats really helpful for me ..The store cards I recently got have such low limits and that frustrates me after working so hard to get higher limits on my main cards.

Might be of note or not.

The SCT cards I closed and also fingerhut were either just at 1 year or a little more.

Linensource was like 8 months with also strangely enough the fastest CLI of even any of those before it but I just couldn't stomach another beating from Barclays after 2 consecutive tries for the Sallie Mae card knowing they prevented an approval even after numerous recon attempts. Barclays decision actually helped encourag me to begin scaling back those cards one by one.

Re: Closed 3 store cards. Was grateful for them:)

Anonymous — Mon, 16 Feb 2015 07:13:31 GMT

@CreditMagic7 wrote:
@Anonymous wrote:
@CreditMagic7 wrote:
@Anonymous wrote:
@CreditMagic7 wrote:
I consider my own profile still fairly green as profiles go and I have recently closed out a whole host of those SCT cards as well as a reasonable $2200 reporting limit Fingerhut account with absolutely no regrets nor expect any mention of them during any review. In fact, it was during these recent closing cards that the big primes prequal sites began to start showing some nice offers. So take that for what it is but for me it was an unmistakable signal.
Do you mean things got easier once you closed fingerhut? I am planning to pay them off and close it this month since they are CRAZY over priced. Do you recommend closing all store cards too or just some?
The Pre Qualify sites most definitely turned on for me beginning with Chase after months of nothing, nada, zilch.

Can't be specific if it was a single store or the series of closing out SCT cards improved the situation, but starting limits on new cards also improved.

Thanks! Thats really helpful for me ..The store cards I recently got have such low limits and that frustrates me after working so hard to get higher limits on my main cards.

Might be of note or not.

The SCT cards I closed and also fingerhut were either just at 1 year or a little more.

Linensource was like 8 months with also strangely enough the fastest CLI of even any of those before it but I just couldn't stomach another beating from Barclays after 2 consecutive tries for the Sallie Mae card knowing they prevented an approval even after numerous recon attempts. Barclays decision actually helped encourag me to begin scaling back those cards one by one.

Fingerhut I have had for about a year or more but my vs and justice store cards i just got a month or two ago and the limits are 250!! i have used and pif a couple times but really why would i use those cards instead of my main cards which i actually earn rewards on? i just cant decide if its worth watiing out..then i have the tj max card whcih i actually really like because i use it often but i also have the gap card which i would only want to keep if they coverted to gap visa which i know they wouldnt so soon. my target card i use and pif and they recently raised my limit to 800 but still it hurts my utilization even after 1 trip of 200 spent.

Re: Closed 3 store cards. Was grateful for them:)

lg8302ch — Mon, 16 Feb 2015 09:09:52 GMT

@Anonymous wrote:
@CreditMagic7 wrote:
I consider my own profile still fairly green as profiles go and I have recently closed out a whole host of those SCT cards as well as a reasonable $2200 reporting limit Fingerhut account with absolutely no regrets nor expect any mention of them during any review. In fact, it was during these recent closing cards that the big primes prequal sites began to start showing some nice offers. So take that for what it is but for me it was an unmistakable signal.
Do you mean things got easier once you closed fingerhut? I am planning to pay them off and close it this month since they are CRAZY over priced. Do you recommend closing all store cards too or just some?

I cannot comment on how it would impact but can confirm that it can be done without a single store card as I never had one. I would keep the store cards that you actually use but close the ones that you do not use unless you need them for util padding.

Re: Closed 3 store cards. Was grateful for them:)

Anonymous — Tue, 17 Feb 2015 00:57:23 GMT

Fingerhut is the next dragon to slay for me. I'm just getting off their FreshStart program with a $30 payment that will end it. After that I'll cancel it, too.