topic Re: Whose credit card portfolio is complete? in Credit Cards

Whose credit card portfolio is complete?

Blodreina — Sun, 27 Sep 2015 19:20:26 GMT

There is often discussion of what cards everyone is waiting to apply for and when. Who has a portfolio that is complete? And why is it finished?

I took a couple of inquiries recently and went looking for anything else I wanted (to take all of the AAoA damage now, upfront); I didn't see anything else worth applying for. I guess I'm done lol.

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 19:26:07 GMT

if you're done what do you have? to answer your question I unfortunately don't think I'm done, even with 2 amex in my wallet

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 19:30:06 GMT

At the moment mine is more than complete. Ready to close Blue for Business and SM #2 in the next two weeks. Every spend category is covered so nothing left thats needed.

Re: Whose credit card portfolio is complete?

Open123 — Sun, 27 Sep 2015 19:35:09 GMT

My CC portfolio is complete, and has been for quite some time. I currently use EDP, SPG, Chase Inks, Fid Amex, and 5% (Disc, Freedom, Cash+). The rest are just remnants of some sprees that will likely be eventually purged. Next year, I may cancel my PRG, and replace with the CSP. And, that's it.

Now, the only reason for me to app is when I see a compelling bonus; it'd have to be a mininum of $500 cash equivalent value. Otherwise, I'd likely never app again.

Re: Whose credit card portfolio is complete?

UFGuy2006 — Sun, 27 Sep 2015 19:38:35 GMT

At this point my portfolio is complete... unless a new 3% everyday card is released I am planning on staying in the garden for some time.

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 19:46:59 GMT

Unless I change my preferred airline or hotel chain I would say mine is comple. I am in the process of closing (1) card and will likely purge another before the end of the year.

Re: Whose credit card portfolio is complete?

-Cal- — Sun, 27 Sep 2015 19:47:59 GMT

@Anonymous wrote:
At the moment mine is more than complete. Ready to close Blue for Business and SM #2 in the next two weeks. Every spend category is covered so nothing left thats needed.

Were you instantly approved for your SM #2? I've been thinking about trying for a second one.

I'm not done but feeling closer, my breakdown is below.

Wants in order of applying:

* IHG

* Ritz

* Ink

* Cash+

* Ring

* BCE

Maybes:

* SPG

* AAdvantage Executive
* PenFed

* NASA

* Diners (If they open up again)

* NFCU (If I ever become eligible)

Bonus Chasers:

* PRG

* Biz Platinum

* Biz PRG

* Citi Premier

* More BBR cards

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 19:56:53 GMT

Cal all of my Barclay approvals were instant.

Re: Whose credit card portfolio is complete?

Man-Of-Steel — Sun, 27 Sep 2015 19:58:26 GMT

My CC portfolio is currently complete with 6 cards, unless one or more of the following conditions are met in the future:

1. I suddenly decide that I want to become the Ultimate Rewards Maximizer.

2. A sweet sign-up bonus offer catches my attention.

3. A new 5% or higher cash back general spend card is released.

4. I start traveling a lot more than I have been recently.

Re: Whose credit card portfolio is complete?

Sharingan — Sun, 27 Sep 2015 20:17:08 GMT

My portfolio has been complete for a while now, and I'm currently eliminating redundancies and cards that aren't a good fit. I always have wants, which currently include the Chase British Airways, Chase Ink, Chase Fairmont, and the new Lexus card coming in a few weeks. Otherwise, I am quite satisfied with what I have. There's nothing else I really "need."

Re: Whose credit card portfolio is complete?

Kidcat — Sun, 27 Sep 2015 20:26:18 GMT

My portfolio is complete to the extent that I have all of the cards that meet my spending/rewards needs and that my current credit profile supports. I am however in the process of slowly but surely closing cards, and hope to combine some cards in the next year or so.

Once my last baddie falls off, next March/April, I will continue to garden for hopefully another 6 months or so and then probably go ahead and app for CSP and perhaps Marriott to go onlong with my Freedom...as I will be hoarding the points I'm currently earnning until then.

Unless of course AMEX removes me from their blacklist As an aside I don't blame them for having me on their blacklist. So I'm good.

Re: Whose credit card portfolio is complete?

UncleB — Sun, 27 Sep 2015 20:38:48 GMT

It feels a bit strange for me that this time last year, I only had one major credit card (QS1) and now just 12 months later I can say I honestly have everything I need, at least at this time.

All of my purchases are covered by a card with nice rewards except for Wal-Mart and the place that cuts my hair, both of which I just use a Quicksilver. I know my card collection is tiny compared to some folks on here, but my spending is also likely just a fraction of many folks as well, so I guess it's all relative.

In the future, if I have a purchase to make at a store that's offering a 0% APR promotion if you use their card I'll probably get it, but until then I'm good. If and when that time does come, I'll also know I should be in a pretty good position for an approval (especially if it's with Synchrony... they seem to love me these days...LOL).

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 20:54:50 GMT

I'm waiting until December to apply for Amex BCE or ED. At some point I will PC my Cap1 Platinum to QS and Venture or just app for those since I'm prequalified already.

Hopefully my fiance will get in NFCU through his roommate and I'll get in through him next year after we are married and app for a Visa with them.

Re: Whose credit card portfolio is complete?

Callandra — Sun, 27 Sep 2015 21:08:42 GMT

At this point...yes. I am happy with my line up.

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 21:31:51 GMT

Mine is way more complete now than it was a year ago for sure. A year ago I was using a $500 credit one, and just approved for a $2k commerce bank visa. But yes, aside from a random bonus now and again, and a low APR credit union card.... I think I'm good. Possibly will expand bonus into Citi TYP next year. Still want the elusive ebates. Sams club MC conversion....and well...marrying someone with a citi forward (lol).

And is it just me, or am I the only one that dislikes calling my collection of credit cards a portfolio? I mean, I guess the term is not totally incorrect. But it sounds a little too much like glorifying or gloating.

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 21:40:04 GMT

@Callandra wrote:
At this point...yes. I am happy with my line up.

This.

At this point, yes.

I don't have any airline cards and may go for one down the line, but it'll depend where we're at with MR.

I've got Ritz and Hyatt. But I could see either adding or switching out hotel cards at some point.

I've recently switched over to (mostly) MR from cash back. I'll do my best to keep my nice CLs on DC and BCE around in case I decide to switch back.

And I wouldn't count out switching to TYP down the line as Prestige intrigues me. Though there are things about Citi that bugs me, so I'd need something REALLY compelling.

Re: Whose credit card portfolio is complete?

UncleB — Sun, 27 Sep 2015 21:45:48 GMT

@Anonymous wrote:
Mine is way more complete now than it was a year ago for sure. A year ago I was using a $500 credit one, and just approved for a $2k commerce bank visa. But yes, aside from a random bonus now and again, and a low APR credit union card.... I think I'm good. Possibly will expand bonus into Citi TYP next year. Still want the elusive ebates. Sams club MC conversion....and well...marrying someone with a citi forward (lol).

And is it just me, or am I the only one that dislikes calling my collection of credit cards a portfolio? I mean, I guess the term is not totally incorrect. But it sounds a little too much like glorifying or gloating.

LOL, I had never thought of it like that, but you're right!

When I think of a "portfolio", I think of assets, like stocks, bonds, etc. While credit cards are literally the opposite of 'assets', I guess folks like to think of them as 'accomplishments', so to speak, and in that sense, I guess it's OK to think of our credit card collection as being our 'portfolio', since for many of us (myself included) getting some of my cards (in a few cases, getting them back) does feel like quite the accomplishment.

It does seem odd 'rolling off the tongue', though!

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 21:48:21 GMT

@UncleB wrote:
@Anonymous wrote:
Mine is way more complete now than it was a year ago for sure. A year ago I was using a $500 credit one, and just approved for a $2k commerce bank visa. But yes, aside from a random bonus now and again, and a low APR credit union card.... I think I'm good. Possibly will expand bonus into Citi TYP next year. Still want the elusive ebates. Sams club MC conversion....and well...marrying someone with a citi forward (lol).

And is it just me, or am I the only one that dislikes calling my collection of credit cards a portfolio? I mean, I guess the term is not totally incorrect. But it sounds a little too much like glorifying or gloating.
LOL, I had never thought of it like that, but you're right!

When I think of a "portfolio", I think of assets, like stocks, bonds, etc. While credit cards are literally the opposite of 'assets', I guess folks like to think of them as 'accomplishments', so to speak, and in that sense, I guess it's OK to think of our credit card collection as being our 'portfolio', since for many of us (myself included) getting some of my cards (in a few cases, getting them back) does feel like quite the accomplishment.

It does seem odd 'rolling off the tongue', though!

Haha. Glad I made ya laugh! I am proud of our cards for sure, for sure. They are totally 100% accomplishments. But yeah, I wasn't even thinking that exactly, but you hit the nail on the head! U ready for Nov 28th??? Better get your AU cards ordered! Small Business Saturday is just around the corner!

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 21:49:50 GMT

I dont think portfolio is quite right, card collection seems better to me. But not a big deal.

Re: Whose credit card portfolio is complete?

Anonymous — Sun, 27 Sep 2015 21:58:40 GMT

I think of it as a "lineup", like a sports team, that works together to get me some of my money back. And like athletes they cost money so I have to be sure they are pulling their weight.

I would like an EDP and an Ink+ but that's pretty deep into min/max territory at this point. Otherwise I think I'm done and will likely close a handful next calendar year.