topic Re: Cards getting the Axe in 2014? in Credit Cards

Cards getting the Axe in 2014?

injustifiiable — Tue, 31 Dec 2013 15:57:59 GMT

We hear about people adding cards all the time.

I'd love to know which cards you plan on getting rid of next year.

Here are mine:

Credit One Bank Visa: Have had it since August 2012...and it's served it's purpose. I got a CLI on it when it hit the year mark, but I got even better cards so I don't really need it. I have a small balance on it which I plan on either paying off or BT'ing to my BoA card which is in a 0% promo

Capital One Secured MasterCard: One of the first cards I got when I started rebuilding in early 2012...again, it's served it's purpose. The annual fee is coming up and if I can't get the EO to nix it, it will get the boot. I can at least get my $50 back...I think it's also holding me back from Cap One's better products but I don't really see myself getting another card from them in this lifetime.

Re: Cards getting the Axe in 2014?

Anonymous — Tue, 31 Dec 2013 16:05:19 GMT

Definitely my American Eagle store card (not even in my sig...I never use it anymore and it only has a $400 limit) and probably my Sam's Club LOC...no real benefits for it.

Re: Cards getting the Axe in 2014?

Anonymous — Tue, 31 Dec 2013 16:09:18 GMT

Citi Premier, unless they give me an exceptional retention offer. This card has been nerfed to the point of being almost valueless, but keeping a $125 AF.

Now I have the Blue Cash, once I am comfortable that it works right, I will probably downgrade my BCP to a BCE.

Re: Cards getting the Axe in 2014?

baller4life — Tue, 31 Dec 2013 16:13:26 GMT

Cap 1 secured. Served it's purpose. Af comes due again in September. No thx.

Re: Cards getting the Axe in 2014?

dodgerslv — Tue, 31 Dec 2013 16:17:16 GMT

chevron/texaco (1850 limit, have no need for it and get better gas rewards with other cards)

merrick (2K). only reason kept open was free TU fico score. Will finally get the ax in 2014.

chase united (8k limit, move it to sapphire preferred)

bofa amex (7.5k limit, will move it to the privilege cash)

closed walmart last month.

Re: Cards getting the Axe in 2014?

Jasir — Tue, 31 Dec 2013 16:23:12 GMT

Bank of America 123 (secured): not closing account, but will PC to Better Balance Rewards after it unsecures.

Chase Slate: will SD after I finish paying the current balance in August. Didn't realize this was primarily a BT card & really had no balances to transfer (but I created some, lol); nor do I expect to rack up enough debt to use a BT in the future. Will look for a suitable Chase branded replacement and then PC or close Slate.

Discover IT: won't ax it, but will SD until I find a suitable replacement at the 1 year anniversary (though one benefit I haven't checked out yet is using my rewards during Amazon check-out (I shop Amazon regularly) ... that might ultimately save DIT)

Walmart Store Card: already SD'd; no real use for a store card, low CL of $650 so closing after the 1 year anniversary won't effect my overall UTL too much.

Amex BCE & Barclaycard Rewards are my favorite (and not coincendentally highest CL) cards, which I plan to keep as my regular go-to cards (I'd say daily but I don't use credit daily; more like weekly or bi-weekly usage for me).

Re: Cards getting the Axe in 2014?

Anonymous — Tue, 31 Dec 2013 16:56:43 GMT

None. Hoping Wells Fargo will have something useful to PC my WF rewards card to.

Re: Cards getting the Axe in 2014?

lexandra90 — Tue, 31 Dec 2013 18:19:04 GMT

both my Credit 1 and First Premier Cards. Bye Bye sharks

Re: Cards getting the Axe in 2014?

phonic — Tue, 31 Dec 2013 18:21:46 GMT

I will probably axe my old Capital One card. It was my first real CC since re-establishing my credit 5ish years ago, but they have refused to give me a CLI and I'm at $500. I never use the card, because it sucks, and it has an AF. Fortunately (for them), they have been willing to waive it every year, so I've kept it. But since my CR is immaculate (760-785) and I have half a dozen cards with CLs of $9-16k, the $500 one is just one more useless thing in my sock drawer.

I too have a Chevron/Texaco card ($350 CL) which I've used only once when they threatended to close it after me not using it for two years. No AF and long time account, so I'll keep it for now.

Re: Cards getting the Axe in 2014?

theBeardedNerd — Tue, 31 Dec 2013 19:03:05 GMT

I plan on closing both of my Cap1 Credit Cards, Bloomingdales, Wal-Mart, and Jared's (after paying off my fiancee engagement ring). They have served their purpose in helping me rebuild my credit.

Re: Cards getting the Axe in 2014?

jamesdwi — Tue, 31 Dec 2013 21:02:08 GMT

Cap1 750CL rewards card. if AF is not waived again this year, perhaps a call to Cap1 EO will save the card by making it into something useful. and boost my 2k Cap1 11.7% apr card after 5 years.

Target 200CL card is on life support, there customer service is degrading, when my wife stops shopping there the card meets the shredder.

Brylane Home card will probably not see anohter purchase there product quality sucks, Why should I have to waist my time returning thier crap when it breaks.

OneStopPlus won't see any more purchases, when they close for non-use its dead, i have 2 other cards that is usable at the store.

Re: Cards getting the Axe in 2014?

FatBank — Tue, 31 Dec 2013 21:07:24 GMT

R.I.P. Capital One Secured ($201 CL) - I thank you for your help rebuilding, you will not be forgotten.

Re: Cards getting the Axe in 2014?

Jasir — Tue, 31 Dec 2013 21:07:30 GMT

Update: Discover IT gets axed. I just replaced them with Chase Freedom. Discover has been a hassle and I've had it just one month.

Re: Cards getting the Axe in 2014?

juggalo9er — Tue, 31 Dec 2013 21:13:06 GMT

Along with a few other...

Capitol one secured (300) you will be missed, although the 200 I will get back from my deposit will 0 out the rest my cards...you will never be forgotten down to the biohazard design on the card, I can not keep typing I am getting too teared up

Re: Cards getting the Axe in 2014?

BearsAndTurtlesRtheBest — Tue, 31 Dec 2013 21:16:26 GMT

On behalf of my DS she is axing Kohl's $300, Chevron $1,800, AND Wells Fargo Platinum $1,000

My dad is axing Macy's $1,800 and Wells Fargo Platinum $2,500

My mom is axing JCPenney $1,000, Chevron $1,500 and Wells Fargo $1,000

Making more progress.

Re: Cards getting the Axe in 2014?

Gunnar419 — Tue, 31 Dec 2013 21:21:28 GMT

Walmart Discover, CL $2,650 (already gone)

Amazon storecard, CL $4,000 (going)

Chase Amazon Visa, CL of $1,700 transferred to new Chase Freedom. (going this spring)

There was nothing wrong with any of these cards, in fact there was plenty right with those good old GE CLIs on the WM and Amazon store cards. I just didn't want to manage the number of cards I had. The Amazon Visa went because of Chase's stinginess with CLIs but willingness to give a much higher CL on a brand new card.

Re: Cards getting the Axe in 2014?

Anonymous — Tue, 31 Dec 2013 21:22:36 GMT

Towards the end of the year, any store cards under $500. We'll see about the others.

Re: Cards getting the Axe in 2014?

SunriseEarth — Tue, 31 Dec 2013 21:29:27 GMT

I'm also giving the axe to Credit One Visa in 2014. With no grace period, high AF, and CLIs for payment only, this card no longer serves a purpose for me and will be closed in mid March. Unfortunately, they hold the third highest CL I currently have, so I would ideally like to replace with another VISA. If not, I will look into store cards with growth potential like BR or Nordstrom.

Wal-Mart store card and VS are up for SD consideration, if they don't grow in 2014.

Re: Cards getting the Axe in 2014?

stlsme — Tue, 31 Dec 2013 22:00:42 GMT

Cap1 - 500. Is 2.5 years old never had a CLI. Is an old orchard card with a $39 AF. Will keep until renewal date.

Re: Cards getting the Axe in 2014?

Anonymous — Tue, 31 Dec 2013 22:09:13 GMT

Nothing to prune this year. I'm happy with what I have, and everything is serving a useful purpose one way or the other.