topic Re: Year end card closings.. in Credit Cards

Year end card closings..

CreditCuriosity — Thu, 10 Dec 2015 19:58:59 GMT

So my year end card pruning has begun.. Many of you know I don't keep cards just to keep them or for utilization as that isn't an issue.. So with that said I cancelled my HHonors Amex card that was 6 months old... Only a 2k CL on it, but my Delta hit 12 months as of a few days ago... So before the AF hits I will be converting the Delta to a HHonors no AF card or at least that is my plan as the Delta is backdated to 1990 and the HHonors was not, thus the reason of which card I cancelled a bit of logic to my madness

Now I am trying to find 1 or 2 more cards to get rid of... I am thinking of dumping the Wayfair card as well as this is my only store card obtained WITHOUT a HP, but not quite sure about that.. Would also like to get rid of possibly one more major CC before the end of the year.. My Signature doesn't have every card I have, just the main players I use more often. I want to keep my personal credit < 150k preferred < 140k for future approvals late next year .

So will update this thread as I decide on additional cards to prune and Total rewards unless they give me an APR reduction might be the next one to get the Axe.. Nice CL, but not a practical card really as my profile has continued to grow.

Re: Year end card closings..

Anonymous — Thu, 10 Dec 2015 19:53:19 GMT

@CreditCuriousity wrote:
So my year end card pruning has begun.. Many of you know I don't keep cards just to keep them or for utilization as that isn't an issue.. So with that said I cancelled my HHonors Amex card that was 6 months old... Only a 2k CL on it, but my Delta hit 12 months as of a few days ago... So before the AF hits I will be converting the Delta to a HHonors no AF card or at least that is my plan as the Delta is backdated to 1990 and the HHonors was not, thus the reason of which card I cancelled a bit of logic to my madness

Now I am trying to find 1 or 2 more cards to get rid of... I am thinking of dumping the Wayfair card as well as this is my only store card obtained with a HP, but not quite sure about that.. Would also like to get rid of possibly one more major CC before the end of the year.. My Signature doesn't have every card I have, just the main players I use more often. I want to keep my personal credit < 150k preferred < 140k for future approvals late next year .

So will update this thread as I decide on additional cards

I think you should close out the Ritz.

Re: Year end card closings..

CreditCuriosity — Thu, 10 Dec 2015 19:55:51 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
So my year end card pruning has begun.. Many of you know I don't keep cards just to keep them or for utilization as that isn't an issue.. So with that said I cancelled my HHonors Amex card that was 6 months old... Only a 2k CL on it, but my Delta hit 12 months as of a few days ago... So before the AF hits I will be converting the Delta to a HHonors no AF card or at least that is my plan as the Delta is backdated to 1990 and the HHonors was not, thus the reason of which card I cancelled a bit of logic to my madness

Now I am trying to find 1 or 2 more cards to get rid of... I am thinking of dumping the Wayfair card as well as this is my only store card obtained with a HP, but not quite sure about that.. Would also like to get rid of possibly one more major CC before the end of the year.. My Signature doesn't have every card I have, just the main players I use more often. I want to keep my personal credit < 150k preferred < 140k for future approvals late next year .

So will update this thread as I decide on additional cards
I think you should close out the Ritz.

One word... NOOOOOOOOOOOOOOO... That is all, you can move along

Re: Year end card closings..

Anonymous — Thu, 10 Dec 2015 20:28:59 GMT

I can't see much use for that total rewards card I think I would dump that one if I was in your shoes unless they have some sort of big bonus or something.

Re: Year end card closings..

Anonymous — Thu, 10 Dec 2015 21:45:11 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
So my year end card pruning has begun.. Many of you know I don't keep cards just to keep them or for utilization as that isn't an issue.. So with that said I cancelled my HHonors Amex card that was 6 months old... Only a 2k CL on it, but my Delta hit 12 months as of a few days ago... So before the AF hits I will be converting the Delta to a HHonors no AF card or at least that is my plan as the Delta is backdated to 1990 and the HHonors was not, thus the reason of which card I cancelled a bit of logic to my madness

Now I am trying to find 1 or 2 more cards to get rid of... I am thinking of dumping the Wayfair card as well as this is my only store card obtained with a HP, but not quite sure about that.. Would also like to get rid of possibly one more major CC before the end of the year.. My Signature doesn't have every card I have, just the main players I use more often. I want to keep my personal credit < 150k preferred < 140k for future approvals late next year .

So will update this thread as I decide on additional cards
I think you should close out the Ritz.

lol

Re: Year end card closings..

Anonymous — Thu, 10 Dec 2015 21:49:00 GMT

Closed my Wells Fargo Visa this week, $3,500 CL. This was my card that was graduated from secured. One less account to keep up with.

Re: Year end card closings..

CreditCuriosity — Thu, 10 Dec 2015 22:10:08 GMT

@Anonymous wrote:
Closed my Wells Fargo Visa this week, $3,500 CL. This was my card that was graduated from secured. One less account to keep up with.

Its tough some times to close them, but the best, but I find myself having to reload amazon GC's for a few dollars on some of these accounts to keep them active, just isn't worth it to me anymore on the accounts I have closed or am planning on closing.

Re: Year end card closings..

Anonymous — Thu, 10 Dec 2015 22:56:29 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
So my year end card pruning has begun.. Many of you know I don't keep cards just to keep them or for utilization as that isn't an issue.. So with that said I cancelled my HHonors Amex card that was 6 months old... Only a 2k CL on it, but my Delta hit 12 months as of a few days ago... So before the AF hits I will be converting the Delta to a HHonors no AF card or at least that is my plan as the Delta is backdated to 1990 and the HHonors was not, thus the reason of which card I cancelled a bit of logic to my madness

Now I am trying to find 1 or 2 more cards to get rid of... I am thinking of dumping the Wayfair card as well as this is my only store card obtained with a HP, but not quite sure about that.. Would also like to get rid of possibly one more major CC before the end of the year.. My Signature doesn't have every card I have, just the main players I use more often. I want to keep my personal credit < 150k preferred < 140k for future approvals late next year .

So will update this thread as I decide on additional cards
I think you should close out the Ritz.
One word... NOOOOOOOOOOOOOOO... That is all, you can move along

Oh no, thats his baby card ,,, he is not going to to that !!!

Re: Year end card closings..

CreditCuriosity — Thu, 10 Dec 2015 23:07:56 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
So my year end card pruning has begun.. Many of you know I don't keep cards just to keep them or for utilization as that isn't an issue.. So with that said I cancelled my HHonors Amex card that was 6 months old... Only a 2k CL on it, but my Delta hit 12 months as of a few days ago... So before the AF hits I will be converting the Delta to a HHonors no AF card or at least that is my plan as the Delta is backdated to 1990 and the HHonors was not, thus the reason of which card I cancelled a bit of logic to my madness

Now I am trying to find 1 or 2 more cards to get rid of... I am thinking of dumping the Wayfair card as well as this is my only store card obtained with a HP, but not quite sure about that.. Would also like to get rid of possibly one more major CC before the end of the year.. My Signature doesn't have every card I have, just the main players I use more often. I want to keep my personal credit < 150k preferred < 140k for future approvals late next year .

So will update this thread as I decide on additional cards
I think you should close out the Ritz.
One word... NOOOOOOOOOOOOOOO... That is all, you can move along
Oh no, thats his baby card ,,, he is not going to to that !!!

Oh and will it grow with I eventually consolidate CL's along with future HP CLI's etc.. I plan on making it a plump kid in a few years

Re: Year end card closings..

woodyman100 — Thu, 10 Dec 2015 23:27:08 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
So my year end card pruning has begun.. Many of you know I don't keep cards just to keep them or for utilization as that isn't an issue.. So with that said I cancelled my HHonors Amex card that was 6 months old... Only a 2k CL on it, but my Delta hit 12 months as of a few days ago... So before the AF hits I will be converting the Delta to a HHonors no AF card or at least that is my plan as the Delta is backdated to 1990 and the HHonors was not, thus the reason of which card I cancelled a bit of logic to my madness

Now I am trying to find 1 or 2 more cards to get rid of... I am thinking of dumping the Wayfair card as well as this is my only store card obtained with a HP, but not quite sure about that.. Would also like to get rid of possibly one more major CC before the end of the year.. My Signature doesn't have every card I have, just the main players I use more often. I want to keep my personal credit < 150k preferred < 140k for future approvals late next year .

So will update this thread as I decide on additional cards
I think you should close out the Ritz.

Bahahaha Now that's just mean!

Re: Year end card closings..

woodyman100 — Thu, 10 Dec 2015 23:30:39 GMT

I closed the RBFCU 2k card and the related account along with a Members Credit Union account.

i have a sig that evens out nicely now. I want to trim more, but it will ruin the symmetry of the siggy

Re: Year end card closings..

Anonymous — Thu, 10 Dec 2015 23:41:26 GMT

As soon as DW gets some more credit of her own, I'll be closing my giant eagle card and my merrick starter card. Possibly j crew if I don't find a use for it. Overstock stays I like shopping there. My 2 QS1s stay, and my amexes of course.

Don't see much need for anything else (Except maybe a venture). I have 2 CU cards from my local. If they won't combine them one will get closed as well, but they are my lowest interest cards so I like to have them around.

Re: Year end card closings..

taxi818 — Thu, 10 Dec 2015 23:53:18 GMT

I feel you. and i don't blame you for keeping it good. But all the Hps down the drain for those good cards. Well we live and learn. Im gonna use the method. If it don't have an AF. Keep it. But i do see your point. I have a couple of comenity cards that can suck wind. Will keep total rewards as it is my only Comenity non store card.

Re: Year end card closings..

CreditCuriosity — Thu, 10 Dec 2015 23:56:04 GMT

@taxi818 wrote:
I feel you. and i don't blame you for keeping it good. But all the Hps down the drain for those good cards. Well we live and learn. Im gonna use the method. If it don't have an AF. Keep it. But i do see your point. I have a couple of comenity cards that can suck wind. Will keep total rewards as it is my only Comenity non store card.

HP's suck losing, but was part of my rebuiding process... They really don't matter after a year or even six months for that matter.. So not to worried about them currently. Obviosuly in an ideal world I would have only a few on each CRA, but this isn't an ideal situation

Re: Year end card closings..

CreditMagic7 — Fri, 11 Dec 2015 00:44:21 GMT

All the best going forward after this. I did the same thing last January and it really paid off well afterwards with BOTH decent new approvals plus better score jumps.

Re: Year end card closings..

Anonymous — Fri, 11 Dec 2015 00:54:33 GMT

I have a few on the chopping block over the next couple months too. Barclay Rewards, Car Credit, and possibly Macy's.

Re: Year end card closings..

pizza1 — Fri, 11 Dec 2015 02:03:15 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
So my year end card pruning has begun.. Many of you know I don't keep cards just to keep them or for utilization as that isn't an issue.. So with that said I cancelled my HHonors Amex card that was 6 months old... Only a 2k CL on it, but my Delta hit 12 months as of a few days ago... So before the AF hits I will be converting the Delta to a HHonors no AF card or at least that is my plan as the Delta is backdated to 1990 and the HHonors was not, thus the reason of which card I cancelled a bit of logic to my madness

Now I am trying to find 1 or 2 more cards to get rid of... I am thinking of dumping the Wayfair card as well as this is my only store card obtained with a HP, but not quite sure about that.. Would also like to get rid of possibly one more major CC before the end of the year.. My Signature doesn't have every card I have, just the main players I use more often. I want to keep my personal credit < 150k preferred < 140k for future approvals late next year .

So will update this thread as I decide on additional cards
I think you should close out the Ritz.
One word... NOOOOOOOOOOOOOOO... That is all, you can move along

LOL!!! NOOOOOO is right!!

Re: Year end card closings..

Anonymous — Fri, 11 Dec 2015 02:17:51 GMT

Awesome! So is this having >140k in credit lessening approvals thing related to income? Or is that just a general rule?

Re: Year end card closings..

Kidcat — Fri, 11 Dec 2015 03:07:19 GMT

I think I would like to get my credit lines to right under $100k. I think I really want to keep it in the 40%- 50% of income range. I was excited on my rebuild to get as much as I could. Now I realize that I don't need too much...enough to keep utilization in check if I want to carry a balance

Re: Year end card closings..

amakol — Fri, 11 Dec 2015 05:53:09 GMT

Just got done closing my Hyatt Visa. I considered keeping it since the AF pays for itself but I've barely used the card since I got it.

I agree on cancelling a card if it isn't useful. With enough time, everything will recover (utilization, history) or be forgotten (wasted HP).

Great sign up bonus though if anyone is interested in the Hyatt. Easy to use and at any property no matter how expensive. Would thoroughly recommend.