topic Re: Here is mine, what is yours? in General Credit Topics

Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 14:50:38 GMT

Hy goal is to bring ALL my cards to $5k or above:

Credit Limits
Capital One Venture	$46,500	Goal Reached
AMEX Ameriprise Platinum	$35,000	Pay Over Time
Lowes	$20,000	Goal Reached Today
Barclay Arrival	$7,500	Goal Reached
PenFed AMEX	$7,500	Goal Reached
PenFed Visa	$7,500	Goal Reached
NFCU	$6,500	Goal Reached
Discover	$6,000	Goal Reached
Barclay Uber Visa	$5,000	Goal Reached
Chase Sapphire Prefered	$5,000	Goal Reached
JCPenney	$5,000	Goal Reached Today
Amazon	$5,000	Goal Reached Today
AMEX Delta Platinum	$4,200
Capital One Sparks	$2,500
AMEX Everyday	$2,000
Fidelity	$1,200
Citi Costco Visa	$1,200
AMEX Blue Cash Preffered	$1,000
AMEX Hilton Honors Ascend	$1,000
Target	$700
Bank of America Rewards	$500
Total	$135,800

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 15:23:34 GMT

Man, that's enough cards to make my eyes go screwy. Too many for me; I couldn't imagine managing all of those. I've only got 8 cards and that seems like too many sometimes.

My goal on my 8 cards was a $10k+ limit on all. Goal reached on 7/8 of them, but the goal will never be reached as the 8th is Blispay and I have a limit < $10k and they don't do CLIs. I guess I could close it down and immediately hit my goal...

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 15:30:36 GMT

My goal is closing my cards, paying off all of my loans (auto, personal, etc) and then paying off my mortgage within 5 years. I will never need credit or acquire debt again!

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 15:35:37 GMT

@Anonymouswrote:
Man, that's enough cards to make my eyes go screwy. Too many for me; I couldn't imagine managing all of those. I've only got 8 cards and that seems like too many sometimes.

My goal on my 8 cards was a $10k+ limit on all. Goal reached on 7/8 of them, but the goal will never be reached as the 8th is Blispay and I have a limit < $10k and they don't do CLIs. I guess I could close it down and immediately hit my goal...Funny!!

Red above

Yeah, those are a few cards lol...all well taken care off. I actually closed PayPal, Overstock and TjMaxx last year. I might close AMEX ED, Fidelity and Target this year if i don't see an increase.

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 15:38:04 GMT

@Anonymouswrote:
My goal is closing my cards, paying off all of my loans (auto, personal, etc) and then paying off my mortgage within 5 years. I will never need credit or acquire debt again!

That's a nice goal!! I don't have debt except for my motgage and student loans ($20K) and don't want a car payment ever again, my car still running 100%

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 18:43:03 GMT

@AnonymousMy goal is closing my cards, paying off all of my loans (auto, personal, etc) and then paying off my mortgage within 5 years. I will never need credit or acquire debt again!

I don't know anything about you such as your age or lifestyle, but I think it's very difficult to say today if you'll need credit again or not at some point down the line. Even with your mortgage paid off, how do you know you won't want a different house 10 years from now? Auto's don't last forever, so no doubt you'll need a new vehicle at some point. Perhaps you have cash to buy it outright, but if not you'd need a loan.

While it's nice to think you won't need credit ever in life, I'd rather have it and not need it than need it and not have it.

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 18:55:33 GMT

@Anonymouswrote:
@AnonymousMy goal is closing my cards, paying off all of my loans (auto, personal, etc) and then paying off my mortgage within 5 years. I will never need credit or acquire debt again!
I don't know anything about you such as your age or lifestyle, but I think it's very difficult to say today if you'll need credit again or not at some point down the line. Even with your mortgage paid off, how do you know you won't want a different house 10 years from now? Auto's don't last forever, so no doubt you'll need a new vehicle at some point. Perhaps you have cash to buy it outright, but if not you'd need a loan.

While it's nice to think you won't need credit ever in life, I'd rather have it and not need it than need it and not have it.

Agree!! Having good credit these days helps in many things. Not sure if you have kids, but if my kid needs help in the future for school loans, or a car etc, is nice to know i'll be able to help him with my good credit.

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 19:42:47 GMT

You have two CC more than I do. My 11 bank cards average just over $11K, my seven store cards average somewhat over $5500.00. Over all average is $8700.00.

I find it fascinating that you have two cards that blow any of mine out of the water, yet you have cards with very low limits. I've noticed this on a number of signatures. People having the best of the best CC with extremely high CL and a couple of cards with not much of a CL.

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 19:57:02 GMT

It can be argued that having a few monster limits sometimes can keep other limits from growing. Some creditors may see a $30k+ limit or two and look at the $1000 line of credit you have with them and simply not want to "compete." Of course, the converse can also be true... where a low limit card may see CLIs due to the creditor wanting to compete with the other, bigger limits.

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 20:07:10 GMT

Wow! That's a lot!

I'm fairly new to the credit card game (less than 3 years), but so far:

Discover: $1k

Capital One Quicksilver: 3k

jetBlue Barclaycard: $25k

Credit One (I hate this card!) $500

American Express Premier Rewards: Charge Card

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 20:12:47 GMT

I have thought about that, but sometimes it is the same CCC that has given some obscene CL and then one not so much.

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 20:32:12 GMT

@corpcrmgr - yeah, the reason for the $46k is because I merged other cap1 cards to it a few years back. Otherwise, it would be at $20k.

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 20:33:22 GMT

@brutalbodyshots - I thought about that. Both ways are correct.

Re: Here is mine, what is yours?

Anonymous — Tue, 13 Mar 2018 21:50:13 GMT

@AnonymousCredit One (I hate this card!) $500

I'm not sure there's any reason to keep that Credit One card open. You've got several other prime cards at this point and from what I understand, most if not all Credit One cards come with an AF. They are an entry-level lender that no one really has any use for once your scores/profile are good enough to obtain better cards, which you've proven you can do.

Re: Here is mine, what is yours?

sarge12 — Wed, 14 Mar 2018 02:20:49 GMT

OK...I'll try

Amex Blue cash ed.....10000

State Farm VS rewards 15000

Wells Fargo Cash Wise visa 15000

Capital One QS sig 10000

Citi Costco 5500

Citi Double Cash 10000

Chase freedom unlimited 10000

Chase Amazon Prime 10000

Discover It 6200

Vital FCU 10000

MTC FCU 10000

TD Bank Cash VS 10000

Barclaycard cash forward world mc 7500

Revolving overdraft 10000

This is all I can think of right now.