@CreditCardDiva wrote:
@Anonymous wrote:
@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.
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.
I understood what you meant. My point is that it's not up to me to decide if someone else should get rid of their store cards. For me, store cards are a benefit, not because they grow...or don't grow. It's all about promotions that are offered that allow me to get more bang for my buck - and I wouldn't get those deals using a major credit card. I was also addressing the 'What prime lender is going to give you anything decent, when they see all those store cards, with toy limits!!" perspective. I think people put way too much emphasis on the what's in your credit file, as opposed to how you manage it. No worries...I just disagree.
I agree store cards have a place, and your experience is that they are not a detriment. In the OP Original Post, however, there is a specific comment "too many open accounts" leading to denial. So in this case, most of the store cards should be closed. It's an easy sacrifice.
Your comment about getting benefits and discounts from using the store cards aligns with my comment that if one is regularly using the store card, it can make sense to keep it open. Sock drawer is no place for a card to hide if it keeps you from growing 
