topic Re: Questions about CC in Credit Cards

Questions about CC

Anonymous — Wed, 29 Apr 2015 20:06:48 GMT

I am wanting to downsize many of my cards esp those with AF (currently almost 2k/year in AF)

1. First im wanting to combine CL for my chase cards (if they do that) i currently have Chase amazon, Freedom, CSP, Marriot, and the United Explorer Card. Which one would be the best to keep.

2. What would be the impact on closing alot of CC in a short period of time?

Thank you for your time and advise

Re: Questions about CC

Anonymous — Wed, 29 Apr 2015 20:13:11 GMT

@Anonymous wrote:
I am wanting to downsize many of my cards esp those with AF (currently almost 2k/year in AF)

1. First im wanting to combine CL for my chase cards (if they do that) i currently have Chase amazon, Freedom, CSP, Marriot, and the United Explorer Card. Which one would be the best to keep.

2. What would be the impact on closing alot of CC in a short period of time?

Thank you for your time and advise

If you close a lot of your Chase cards after receiving the bonuses you risk some type of AA from Chase. They are not big on people opening cards to get bonuses and then closing them.

Re: Questions about CC

ddemari — Wed, 29 Apr 2015 20:57:42 GMT

my strategy is to keep annual fee cards for the second year and then cancel if I don't find use in them. This way I don't look like a a bonus chaser.

Re: Questions about CC

Anonymous — Wed, 29 Apr 2015 21:00:49 GMT

Can you tell us which cards you have open with an annual fees and the ones you plan on closing? Thts is the only way to get the best responses. Also, as Irish80 said if you received bonuses and just closed them shortly after then the lender may think you opened it for the bonuses/rewards.

Re: Questions about CC

Anonymous — Wed, 29 Apr 2015 21:33:43 GMT

Well

Visa Black Card $495

Amex Plat $450

Amex Delta skymiles $450

US Airways $90

CSP $95

United ples Explorer $95

Marriot $85

BBVA $50

Re: Questions about CC

Anonymous — Wed, 29 Apr 2015 21:42:11 GMT

@Anonymous wrote:
Well
Visa Black Card $495
Amex Plat $450
Amex Delta skymiles $450
US Airways $90
CSP $95
United ples Explorer $95
Marriot $85
BBVA $50

Ok.. Which ones are you using and which one can you live without. In my opinion... I'd

~~Visa Black Card $495~~
Amex Plat $450
~~Amex Delta skymiles $450~~ .If you fly Delta, the gold should work fine so downgrade
US Airways $90. How often do you fly this?
~~CSP $95~~ Downgrade to CS
United ples Explorer $95 - How often do you fly united?
Marriot $85
BBVA $50 - With the $25 gift card sent out by Amex, annual fee is $25

In the nutshell, good decision to close some. That is a lot of money in annual fees..