Account Closing Spree! Weeee!!!!!!!!

[NJTurnpike]

So I got a denial for having too many open accounts recently. Most of which I don't use anyway. So I went a little crazy and closed anything that wasn't useful. Here's the list of closed accounts for your viewing pleasure:

Macys Star Rewards 3k CL

Capital One Platinum 3.5k CL

Eddie Bauer 1k CL

Orchard Bank 2k CL

Victoria Secrets Angel Card 1k CL

J Crew 500 CL

First Premier Bank 1k CL

JC Penny 800 CL

Kay & Jareds 3k CL

Merrick Bank 2k CL

Shell Drive for Five 1k

Total Credit Lines Reduced by $18.8k

Weeeeeee......

That was less fun than opening them and took entirely too many phone calls.

[HiLine]

Wow. How many credit cards did you have in total?

[myjourney]

1st reverse app spree I've heard of Lol

The good news is they will still be reporting until 2023

[NJTurnpike]

I'm trying to start a trend....

I'm on the fence about closing Walmart...I know it gives me a TU08 score...but Merrick gave me a score too...and it didn't make it.

First Premier was a little annoyed because a few weeks ago they gave me a $45 credit to keep the account open. hahaha.

[webhopper]

Smart move in my opinion... better to focus on a few really awesome cards instead of 20 duds.

[myjourney]

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@NJTurnpike wrote:

I'm trying to start a trend....

I'm on the fence about closing Walmart...I know it gives me a TU08 score...but Merrick gave me a score too...and it didn't make it.

First Premier was a little annoyed because a few weeks ago they gave me a $45 credit to keep the account open. hahaha.

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LMAO

[QuantumCredit]

Really? So his AAoA won't be affected until 2023? And his closed accounts will age until then? I'm a little unclear on that and I hate to ask a question that I know has dedicated threads about but they are not 100% concrete on it too, so I wanna ask - when you close accounts, the only thing that is affected immadiately is your utilization, correct? Everything else stays the same for another 10 years?

[NJTurnpike]

My Express card will be on the chopping block tomorrow once I pay the balance. Walmart is likely to be lined up right behind it.

[NJTurnpike]

My util prior to closing all these accounts (according to my own spreadsheet was 4.85%. After closing all these accounts it jumps sky high to 6.46%. 

[FocusedAndDetermined]

Well done!