topic Re: Closed Amex ED and SPG in Credit Cards

Closed Amex ED and SPG

Gmood1 — Mon, 11 Apr 2016 09:04:04 GMT

Now Barclays is in my crosshairs and Paypal MC. Not sure if I should hold on to the Paypal MC or not? The limit is $2K on this card. It would be nice to have at least one high CL Mastercard.

After acquiring Blispay a few days ago, which I have plans for. I feel the need to lighten the load on less useful cards. I'm keeping my Amex BCP..this card get's used often.

All cards under the $3000 limit have to go. I'll keep my oldest low limit CC account only because it is the oldest.

Let the culling the herd begin!

Re: Closed Amex ED and SPG

Anonymous — Mon, 11 Apr 2016 14:28:16 GMT

Any more MR cards? If not, hope you redeemed (or had already redeemed) your remaining points before closing

Re: Closed Amex ED and SPG

Anonymous — Mon, 11 Apr 2016 14:32:23 GMT

@Gmood1 wrote:
Now Barclays is in my crosshairs and Paypal MC. Not sure if I should hold on to the Paypal MC or not? The limit is $2K on this card. It would be nice to have at least one high CL Mastercard.
After acquiring Blispay a few days ago, which I have plans for. I feel the need to lighten the load on less useful cards. I'm keeping my Amex BCP..this card get's used often.
All cards under the $3000 limit have to go. I'll keep my oldest low limit CC account only because it is the oldest.

Let the culling the herd begin!

Your PayPal MC should grow. With your current TU score, I'm surprised that you limit isn't higher. Give Credit Solutions a call. I can relate to getting rid of the low limit cards, they are a waste of time and my attention, lol!

Re: Closed Amex ED and SPG

Gmood1 — Mon, 11 Apr 2016 18:32:36 GMT

@Anonymous wrote:
Any more MR cards? If not, hope you redeemed (or had already redeemed) your remaining points before closing

I believe this was my only MR card LTL. Nothing on it to redeem when I closed it this morning.

I'm not as savvy with the points cards as some of you professionals. Lol

Re: Closed Amex ED and SPG

Gmood1 — Mon, 11 Apr 2016 18:35:34 GMT

@Anonymous wrote:
@Gmood1 wrote:
Now Barclays is in my crosshairs and Paypal MC. Not sure if I should hold on to the Paypal MC or not? The limit is $2K on this card. It would be nice to have at least one high CL Mastercard.
After acquiring Blispay a few days ago, which I have plans for. I feel the need to lighten the load on less useful cards. I'm keeping my Amex BCP..this card get's used often.
All cards under the $3000 limit have to go. I'll keep my oldest low limit CC account only because it is the oldest.

Let the culling the herd begin!
Your PayPal MC should grow. With your current TU score, I'm surprised that you limit isn't higher. Give Credit Solutions a call. I can relate to getting rid of the low limit cards, they are a waste of time and my attention, lol!

Thanks for the reply. How often can you ask for an CLI request from them? This is my only credit solutions card.

It would be nice to have a 10k or above limit on it.

Re: Closed Amex ED and SPG

CreditCuriosity — Mon, 11 Apr 2016 21:20:01 GMT

@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
Now Barclays is in my crosshairs and Paypal MC. Not sure if I should hold on to the Paypal MC or not? The limit is $2K on this card. It would be nice to have at least one high CL Mastercard.
After acquiring Blispay a few days ago, which I have plans for. I feel the need to lighten the load on less useful cards. I'm keeping my Amex BCP..this card get's used often.
All cards under the $3000 limit have to go. I'll keep my oldest low limit CC account only because it is the oldest.

Let the culling the herd begin!
Your PayPal MC should grow. With your current TU score, I'm surprised that you limit isn't higher. Give Credit Solutions a call. I can relate to getting rid of the low limit cards, they are a waste of time and my attention, lol!
Thanks for the reply. How often can you ask for an CLI request from them? This is my only credit solutions card.
It would be nice to have a 10k or above limit on it.

Can ask daily if you really wanted to, but you wouldn't need to. With your scores you should be able to get a 20-25k CL with your paypal MC by calling credit solutions.. Call and ask for 25k and they might just suprised you.. Say it is an unuseable limit or whatever you choose and I would be shocked if you dont at least get to 12k-15k if not the full amount you asked.

877-379-8173 credit solutions

Be a SP against TU

Re: Closed Amex ED and SPG

Gmood1 — Mon, 11 Apr 2016 21:38:29 GMT

Thx for your help CC, I'll give them a call!

Update: they increased the limit from 2k to 10k. :-)

Guess I'll be holding on to this card.

Re: Closed Amex ED and SPG

CreditCuriosity — Mon, 11 Apr 2016 21:59:41 GMT

@Gmood1 wrote:
Thx for your help CC, I'll give them a call!
Update: they increased the limit from 2k to 10k. :-)
Guess I'll be holding on to this card.

Glad to hear.. Useable limiit now

Re: Closed Amex ED and SPG

Gmood1 — Mon, 11 Apr 2016 22:04:02 GMT

Thanks my friend! How long do you wait in-between request?
I'll hit them again for $25,000 the next time. They countered this go around with 10k.

Re: Closed Amex ED and SPG

NRB525 — Tue, 12 Apr 2016 04:44:32 GMT

Which other cards do you have? Some others may also be able to grow nicely.

Re: Closed Amex ED and SPG

Gmood1 — Tue, 12 Apr 2016 07:16:33 GMT

Amex BCP $24k
NASA $25K
BBVA NBA $19.5k
Venture $18k
Venture $18k
NFCU cash rewards $15.9k
Chase Disney VS $15k
PenFed cash rewards $14k
PenFed Amex $14k
USAA Sig Visa $14k
PayPal MC $10k
Chase AARP $10k
BofA 123 $10.1k
Chase Hyatt $8k
Chase IHG $8k
FNBO Amex $8k
Blispay $7.5k
Discover it $7k
Capital one QS $6.4k
Capital one QS $5k
NFCU cloc $5k
Chase Freedom $5k
Barclay's Arrival plus $5k
Citi DC $3k
Capital one platinum $1.1k (oldest CC)

Re: Closed Amex ED and SPG

ScoreOrBeScored — Tue, 12 Apr 2016 08:01:57 GMT

@Gmood1 wrote:

Amex BCP $24k
NASA $25K
BBVA NBA $19.5k
Venture $18k
Venture $18k
NFCU cash rewards $15.9k
Chase Disney VS $15k
PenFed cash rewards $14k
PenFed Amex $14k
USAA Sig Visa $14k
PayPal MC $10k
Chase AARP $10k
BofA 123 $10.1k
Chase Hyatt $8k
Chase IHG $8k
FNBO Amex $8k
Blispay $7.5k
Discover it $7k
Capital one QS $6.4k
Capital one QS $5k
NFCU cloc $5k
Chase Freedom $5k
Barclay's Arrival plus $5k
Citi DC $3k
Capital one platinum $1.1k (oldest CC)

@I would get your CO platinum uograded to a QS then combine. The other QS cards to it for 1 QS. @ $12,400

Try the luv button for your venture cards also

try for a discover cli

if you dont mind hp cli, I would cli DC ask for $25k

boa - hp on TU , ask for $25k..... Also call boa and get your apt reduced

call Barclays and see if you have any retention offers on your account so you can be transferred to

retention dept for a SP cli and apr reduction

are you using all of your chase accounts ? If no need for them all, I'd combine some of those limits to

another card.

Re: Closed Amex ED and SPG

Gmood1 — Tue, 12 Apr 2016 08:59:10 GMT

Thanks score for the recommendations. I do plan to combine some Chase and Capital one cards. Didn't know I could upgrade the old Platinum. I'll contact them about it tomorrow. Citi has given me the cold shoulder on CLI's. Barclay's is also holding out on me. Lol

This is why I plan to close it. We would put more through it and citi if they increased the limits.

Re: Closed Amex ED and SPG

Anonymous — Tue, 12 Apr 2016 10:00:11 GMT

I'm also about to start closing a few unused accounts. I've recently closed my Zales account, my Amazon visa, and my oldest card Discover It. They all had terrible limits, and I was given no increases. But I have a very short history, and had 14 cards, most of them were unused, so I figured while my credit age is still young, close cards that serve no purpose and have low limits since I'm not going to be in need of a loan in the next 6 years or so.

Re: Closed Amex ED and SPG

Gmood1 — Wed, 13 Apr 2016 02:13:29 GMT

Update: I contacted Cap One. My Platinum is being upgraded to QS(processing takes 2 or 3 days). Once it processes I can then combine my eligible accounts with it. Thanks for all the great suggestions!

I went ahead and closed Disney. Moved all the limit to Freedom besides $500. I'll do some more consolidations over the next 6 months. Also closed one QS and moved limit to oldest upgraded QS.

That makes four cards closed this week.

Re: Closed Amex ED and SPG

ScoreOrBeScored — Wed, 13 Apr 2016 03:55:15 GMT

This is great news !!! Thanks for the update and continue to update us... That's a nice fat freedom limit..

congrats on on your CO QS upgrade . Can't wait to read about your fat QS limit you get after you combine !!!

Congrats again on your combining and consolidations !!!!

Re: Closed Amex ED and SPG

Gmood1 — Sun, 17 Apr 2016 14:06:55 GMT

Just another update: I've been on a rampage with closing and consolidations.

Called PenFed this morning and closed my Amex travel card.

They're moving the limit over to my Cash Rewards Visa making it $28,000.

As soon as June arrives I'll smash my Venture and QS cards from 4 to 2 and push those limits into the mid $20k range. I'll also smash my remaining four Chase cards into IHG and Freedom with similar limits.

That will leave me with 5 to 6 cards remaining under $20k. 5 if Navy Federal gives me a nice CLI. I'll also be closing Citi DC by September. Blispay makes Citi DC obsolete for me. By the end of the year I plan to eliminate all cards under $7.5k.

Re: Closed Amex ED and SPG

NRB525 — Sun, 17 Apr 2016 14:31:05 GMT

Thanks for the update.

While I don't know all the details behind Blispay, I see a lot of "all in" comments about using Blispay. It might work out well in the long run, but as a new credit product, there's the risk that the initial hype isn't realized long term.

I'd suggest leaving the Double Cash open. Citi is a known bank. Yeah, $3k is not $20k, but it's an active In with a known large bank. Citi does offer SP CLI so there's that possibility in the future.

Re: Closed Amex ED and SPG

Gmood1 — Sun, 17 Apr 2016 14:40:52 GMT

@NRB525 wrote:
Thanks for the update.

While I don't know all the details behind Blispay, I see a lot of "all in" comments about using Blispay. It might work out well in the long run, but as a new credit product, there's the risk that the initial hype isn't realized long term.

I'd suggest leaving the Double Cash open. Citi is a known bank. Yeah, $3k is not $20k, but it's an active In with a known large bank. Citi does offer SP CLI so there's that possibility in the future.

Thanks NRB,

Guess I'll see how it goes and make a final decision after I test run the Blispay the rest of the year. I have a feeling this card is going to be a major player if it succeeds. I totally understand where you're coming from.

Re: Closed Amex ED and SPG

Anonymous — Sun, 17 Apr 2016 14:52:55 GMT

Becoming a minimalist is ideal in the credit world for me personally. I am too trimming my cards down to 6-8 max within the next 2years and get all my inquiries off my reports. Keeping only 1 card for each category that I frequent and keeping my apps to only 1-2 cards annually. What ever new card I take in, I have to be willing to close 1 out. No more piling up stacks of CCs.

I will be applying the theory of less (quality is (over) more (quanity)