topic Re: Pruning has commenced in Credit Cards

Pruning has commenced

sccredit — Mon, 12 Aug 2013 14:53:25 GMT

Decided to cut back on my number of open accounts. Not worried about utilization or AAoA so I went ahead with it.

Before:

Chase Freedom $10,000

CSP $10,000

Citi TY $9,200

Citi HiltonHHonors $7,000

Chase SWRR $10,500

DCU $10,000

CapOne Spark Miles $12,500

Discover It $10,000

CareCredit $7,800

SmileGeneration $7,500

USAA MC $4,000

USAA Amex $4,000

Citi Home Depot $8,800

Lowes $5,000

After:

Chase Freedom $10,000

CSP $20,000 (transfer SWRR limit)

Citi TY $9,200 (currently 0%)

CapOne Spark Miles $12,500

Discover It $10,000

Citi Hilton Hhonors $7,000 (for now)

Lowes $5,000

Home Depot $8,800

I may have lost some available credit but I am (mostly) comfortable with my line up. May add SPG and/or BCP towards the end of the month to round it out. Went from $116k to $82k but with a more focused, quality line up.

Re: Pruning has commenced

_jb_ — Mon, 12 Aug 2013 15:29:04 GMT

Congrats. I know that has to be a good feeling.

Re: Pruning has commenced

Open123 — Mon, 12 Aug 2013 15:50:17 GMT

@sccredit wrote:
I may have lost some available credit but I am (mostly) comfortable with my line up. May add SPG and/or BCP towards the end of the month to round it out. Went from $116k to $82k but with a more focused, quality line up.

Couldn't agree with you more, quality over quantity is always better. You made some nice decisions, in my view.

Re: Pruning has commenced

09Lexie — Mon, 12 Aug 2013 17:26:13 GMT

Very nice...like loosing a few pounds

Re: Pruning has commenced

BearsAndTurtlesRtheBest — Mon, 12 Aug 2013 18:47:15 GMT

Did you close them by caling in or online?

Re: Pruning has commenced

UFGuy2006 — Mon, 12 Aug 2013 18:58:24 GMT

Wow USAA gone all together! Congrats at the pruning!

Re: Pruning has commenced

FutureBillionaire — Mon, 12 Aug 2013 23:40:09 GMT

What would you guys prune from the cards in my signature, if any? I actually use most of my cards fyi.

Re: Pruning has commenced

UFGuy2006 — Mon, 12 Aug 2013 23:43:05 GMT

@FutureBillionaire wrote:
What would you guys prune from the cards in my signature, if any? I actually use most of my cards fyi.

I'd swap out the Citi TYP (due to upcoming changes) for the Penfed Travel Rewards Amex (I see you have the platinum rewards; I have both the platinum and travel rewards which work fine w/ Penfed).

Re: Pruning has commenced

Shogun — Tue, 13 Aug 2013 02:30:06 GMT

Crisp and clean... nice.

Re: Pruning has commenced

OptimalCS — Tue, 13 Aug 2013 02:53:32 GMT

Less is better in my book

Re: Pruning has commenced

RockinRay — Tue, 13 Aug 2013 12:12:37 GMT

@Shogun wrote:
Crisp and clean... nice.

+1 - smart move there... Great cards in your line up now. They will grow.

Re: Pruning has commenced

sccredit — Tue, 13 Aug 2013 14:49:53 GMT

@UFGuy2006 wrote:
@FutureBillionaire wrote:
What would you guys prune from the cards in my signature, if any? I actually use most of my cards fyi.
I'd swap out the Citi TYP (due to upcoming changes) for the Penfed Travel Rewards Amex (I see you have the platinum rewards; I have both the platinum and travel rewards which work fine w/ Penfed).

The Citi TY will probably go once it is out of it's 0% period (not that its being used but always good to have just in case)