Credit Card questions

hautemama — Fri, 29 Feb 2008 21:39:09 GMT

Hi Y'all. I appreciate this forum so much! I've come a long way.. Now I'm obsessed with my credit My qusetion regarding credit cards is this.. How many is ideal? I have a ton of CC's, store CC's, and I'd like to start closing some... Would this be a good idea? i have no use for the store CC's anymore. But I've heard its better to keep open than to close completely. Most of them I haven't used in a looooong time. I was trying to cease using the CC's, thinking that it would help but after reading this forum I've learned otherwise.

Another question. I know that the choice of CC's all depends on the person. But, I'd like to know which one would I benefit from? I already have Bankamericard fm B of A, and Delta Amex (which I am going to be upgrading to Blue Cash or Clear). I would like one or two more in the future, and want to know which ones would be good. I was considering Discover or Citi.. I don't think having too many rewards or cash back cards would be good just because the interest rate is higher (I think?) and I would want to concentrate just on one rewards card to get the most out of it.. Also easier to keep track..

Thanks for your advice!!!!

Re: Credit Card questions

Anonymous — Sun, 02 Mar 2008 10:16:02 GMT

hautemama wrote:
Hi Y'all. I appreciate this forum so much! I've come a long way.. Now I'm obsessed with my credit My qusetion regarding credit cards is this.. How many is ideal? I have a ton of CC's, store CC's, and I'd like to start closing some... Would this be a good idea? i have no use for the store CC's anymore. But I've heard its better to keep open than to close completely. Most of them I haven't used in a looooong time. I was trying to cease using the CC's, thinking that it would help but after reading this forum I've learned otherwise.

How long you are not using those CCs? Call and check with them, because they might close your account if they don't see any activity on your account for 12 months. Also, if you have earned the points, you will loose those points too. You need minimum of three CCs.

hautemama wrote:
Another question. I know that the choice of CC's all depends on the person. But, I'd like to know which one would I benefit from? I already have Bankamericard fm B of A, and Delta Amex (which I am going to be upgrading to Blue Cash or Clear). I would like one or two more in the future, and want to know which ones would be good. I was considering Discover or Citi.. I don't think having too many rewards or cash back cards would be good just because the interest rate is higher (I think?) and I would want to concentrate just on one rewards card to get the most out of it.. Also easier to keep track..

You know that already ... it's all up to you which one you want.

Have you just stated "I have a ton of CC's, store CC's, and I'd like to start closing some.." ?

How many CCs do you have right now? Make sure your score is good enough to apply for Discover or Citi whatever you are thinking about. Good Luck!

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Credit Card questions

Re: Credit Card questions