topic Re: Looking to Trim Comenity Cards in Credit Cards

Looking to Trim Comenity Cards

Anonymous — Tue, 09 Oct 2018 17:48:50 GMT

Hey everyone,

Brand new here and looking for advice. Yes I’ll admit...I OD’d somewhat on Comenity cards during my rebuild. I know I know. But here it is.

Approved for Vs via Sct(before I even knew what that was!) accepted because I actually shop at that store.

Few months later I was offered the NY and Co card via sct, accepted.

Then I realized hey there’s a pattern here, researched and discovered dreaded SCT. Obtained Brylane Home and Boscov via Sct, within weeks of each other

Cold app’d for Children’s Place and approved(have 4 children all under 8).

And last but not least I received a Pottery Barn preapproval via the mail and accepted...ugh.

Now I want to “trim the excess” because I’ve just now started reading about all the Comenity shutdowns. All of the accts are under 3 months with the exception of VS. I’m just nervous about the Comenity closures I’ve been reading about here. Should I hang tight, let them age a bit? Or close some up? I do have other credit cards that are much older (3&4 yrs)Anyone closed a Comenity acct to have them take adverse action against your other accts? Any help is appreciated!

Re: Looking to Trim Comenity Cards

FinStar — Tue, 09 Oct 2018 17:59:00 GMT

Admittedly, it does appear that the SCT got the best of you, but no harm, no foul. At least you recognize that maybe the initial Comenity overload wasn't the most ideal way to go, but things and mindsets change, but it all can be restrategized.

That being said, you have a couple of options: let the accounts grow over time to build your profile, or select those that you would likely not plan on using as much in the long term.

Are you currently carrying any type of balances on them?

Re: Looking to Trim Comenity Cards

Medic981 — Tue, 09 Oct 2018 18:10:45 GMT

Welcome to the myFICO forums!

Re: Looking to Trim Comenity Cards

Anonymous — Tue, 09 Oct 2018 18:16:11 GMT

Thank you!

Re: Looking to Trim Comenity Cards

Anonymous — Tue, 09 Oct 2018 18:16:50 GMT

The highest balance is $20 on a $1500 so not really, but technically yes lol

Re: Looking to Trim Comenity Cards

HeavenOhio — Tue, 09 Oct 2018 18:54:48 GMT

Welcome, @Anonymous.

Do you have any other cards besides the ones from Comenity?

Re: Looking to Trim Comenity Cards

Anonymous — Tue, 09 Oct 2018 20:18:51 GMT

Yes I do. I have two Cap Ones, a First Premier(unfortunately! From the start of my rebuild...next to go), Nordstrom, and Kohl’s. All either at zero or next to zero balance.

Re: Looking to Trim Comenity Cards

Anonymous — Wed, 10 Oct 2018 06:06:35 GMT

I once had 12 Comenity cards. I now have 2 co-branded Comenity cards. Be careful about stating who influenced you to get those cards because the cool kids from the skating rink will gang up on you for messing with one of their members.

I left said skating rink and then it closed down.

Re: Looking to Trim Comenity Cards

Anonymous — Wed, 10 Oct 2018 13:59:07 GMT

It’s fine... it’s when you try to get a Visa or MC from them is when they shut you down