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

[FocusedAndDetermined]

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@Anonymous wrote:

I couldn't wait.

New to the dead pile:

Walmart 2k CL

Target $300 CL :smileyvery-happy:

Tomorrow, Express shall join their rotting corpses.

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May they RIP.

[myjourney]

How do you stand with utilization now?

[Anonymous]

went from just 4.85% util to 6.50% util according to my personal spreadsheet tracking.

[myjourney]

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@Anonymous wrote:

went from just 4.85% util to 6.50% util according to my personal spreadsheet tracking.

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[Anonymous]

Dell Preferred Account, you thought you could be sneaky not having a physical card and all...but I caught you. tomorrow when their call center is open, OFF WITH YOUR HEAD!

[Rhaeny]

Oh my!  You and I were on the same page thinking about closing out some accounts.  I was just holding on to them for utilization purposes but I don't really need that now.   I had that mentioned to me on one of my successful recons that I had a lot of new accounts opened.  The accounts I want to close are all less than a year old.  They are a total of 5 commenity cards worth $2500 in CL's opened with the shopping cart trick.  One of the CL's is $150 and the largest is $750.  When I look at my report, and I have some pretty healthy limits on my major CC's, and see those little teensy weensy limits it just looks odd.

I see you took the bull by its horn and just hit the closed button.  What were the ages of the CC;s that you closed?  

[TNTransplant]

Congrats on your spree - that had to be satisfying.

I'm going to be doing some of this soon.  I have 17 (or 18) total open accounts and I at least want to get it down to 10 or less - it's simply too much to worry with at this point.  Criterion one will be that anything under $5000 CL will get the axe, then I will start looking at annual fees, etc.  

[Anonymous]

The ages really varied from 6+ to under 3 months.

[ycm]

Yesterday I closed--
Amex Zync - had 0 balance once I got PRG few months back. Plus when I app for Amex revolver soon I don't want them to say I have too many cards with them.
Victoria's Secret - got the card a couple of years ago and never used it once. CL was $750. Util didn't take much of a hit at all.

[UFGuy2006]

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@Blurbz wrote:

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@FocusedAndDetermined wrote:

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@Anonymous wrote:

Its so tempting to add Target to the dead pile as well. If not for the fact it gives me 5% off everything at Target, it would be gone.

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YEah, no point in closing an account that provides you benefits - no matter how small.  Even if it's just pocket change, it's your pocket change.

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You can close the account and switch to a Target debit card.  It's not a credit card and it'll still give you the 5% off at Target.  Win-win!

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The debit card is awesome! I have one too :-)