Declined for Chase Freedom - Is Recon Worth It?

[Creditaddict]

Tou limit and store cards in the same sentence make me mad because it so is not the case anymore in many circumstances especially long run.
List the store cards and current limits and rather you use it or like it!

[jon22guitar]

In my opinion, the only time a toy/retail/secured card should be used is when building history or coming out of bankruptcy. They have their time and place, but if your goal is prime cards, kick the toy limit cards to the curb. Do you think people here with 20k+ limits waste their time worrying about toy cards? Just my two cents. 

[joeyoey]

That's exactly what I was thinking.  I don't ever plan to use the toy cards again.   I'm just wondering should I actually go ahead & close them myself or should I just let them eventually close form non-use?  I'm just wondering if someone looking at my report in the future will look more favorably at some of these lingering around or should I go ahead & close them & only have the bank cards active?

[Creditaddict]

If you don't want them in the future and won't use them, Close them. They will still report for10 years

[jon22guitar]

You can choose to sock drawer the cards; however, this leaves you open to fraud if you go for a long time without checking up on each of your open cards. Also, some people would prefer to have "card closed by user" on their report showing responsibility, rather than "closed by lender" which, if not noted that it was closed due to inactivity, could be viewed negatively to someone glancing over your report in the future. 

[NRB525]

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@joeyoey wrote:

That's exactly what I was thinking.  I don't ever plan to use the toy cards again.   I'm just wondering should I actually go ahead & close them myself or should I just let them eventually close form non-use?  I'm just wondering if someone looking at my report in the future will look more favorably at some of these lingering around or should I go ahead & close them & only have the bank cards active?

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Didn't you get a comment "too many cards open" in this last app? If that's the main reason for denial, seems you've got your marching orders. If it is a store you actually shop at, and you follow the PIF rule to avoid high interest charges, it might be helpful to keep using it, but if it's from the "rare and exotic one-time" store, I say take the initiative and close it.

[Anonymous]

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@NRB525 wrote:

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 "rare and exotic one-time" store

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For some reason I'm picturing Prince shopping at "rare and exotic one-time" store

OP, if it's truely cards you won't be using, close'em.

[Anonymous]

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@joeyoey wrote:

Rejected again!      Oh well, I'm going to wait about 6 months & try again.  The Amazon card is actually pretty new so maybe after a few months of using that & making payments it'll help when I re-apply.

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Did you try to recon? Make your case and call. Keep calling until they say yes.

But they might give you a postage stamp limit..

[CreditCardDiva]

Sorry, gotta comment on the "toy card" comments. At one time, I had credit limits like most of you who "snub" store cards, so don't think I'm hatin', cuz I'm not. Having store cards never affected my ability to get high limit major credit cards, so those who say otherwise must live on a different planet than I do. Store cards are fine if you pay them off each month - stores offer promotions that are often worth having the cards. So, since most swear they PIF every month, there's no need to worry about interest...high or otherwise.

It's fine if you don't like store cards, but don't act like they prevent you from getting $20,000 limits, because they don't. If a card is no use to you, get rid of it, if your credit profile can handle it.

[Anonymous]

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@CreditCardDiva wrote:

Sorry, gotta comment on the "toy card" comments. At one time, I had credit limits like most of you who "snub" store cards, so don't think I'm hatin', cuz I'm not. Having store cards never affected my ability to get high limit major credit cards, so those who say otherwise must live on a different planet than I do. Store cards are fine if you pay them off each month - stores offer promotions that are often worth having the cards. So, since most swear they PIF every month, there's no need to worry about interest...high or otherwise.

It's fine if you don't like store cards, but don't act like they prevent you from getting $20,000 limits, because they don't. If a card is no use to you, get rid of it, if your credit profile can handle it.

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The toy card comments, and in my expression, postage stamp limit...are not meant in a disparaging way.

For me personally it means, a limit that most likely won't grow with your credit profile.

Sure these cards are an asset at one point in your credit journey, but as you go further on, unless they grow with you, They need to go.