What is it you're trying to accomplish?
You've got 4-5 revolving accounts as it stands
you say one of those was a mistake
another you don't use
You still rebuilding but it really sounds like you want to COLLECT cards...and trust me I 'get' the
marketing help to P & C you....that is the program and condition you to 'WANT'...this card and or that card
but WHY....well "replay of marketing' yada yada yada
You said "in the height of absurdity" you were 'given about $2000' in CLs' less than 8-9 years ago and you didn't like how that turned out....
So again I ask you...know WHAT you are trying to accomplish and don't let the absurdity of slick marketing GET you again, friend.
All this giberrish about chasing 'benefits' is how they are leading so many young folks to heck....your CCs should primarily be TOOLS
for you live your life more abundantly ....now they have us chasing cards by marketing 'name' like cologne smdh
No offense, you don't even have a $5k CL worthy of a basic siggy card ....there is NO REASON for you to be chasing yet another freaking card
when you're better off growing up the ones you have now.
Don't take offense, I'm trying to say I know 'why' you're chasing..b/c the marketing is freaking GOOD at what they do...I'm just trying to SHOUT you off the ledge,
don't look into their eyes, don't fall for it.
Ppl IMO can aspire to own a home...save up for a car ok but chasing a freaking CC ...c'mon now
The boomberg title says it all using the word JUNKIES....these folks are trying to get you ppl HOOKED, like based heads on the Wire...put down the pipe
save youself
@Anonymous wrote:
What is it you're trying to accomplish?
You've got 4-5 revolving accounts as it stands
you say one of those was a mistake
another you don't use
You still rebuilding but it really sounds like you want to COLLECT cards...and trust me I 'get' the
marketing help to P & C you....that is the program and condition you to 'WANT'...this card and or that card
but WHY....well "replay of marketing' yada yada yada
You said "in the height of absurdity" you were 'given about $2000' in CLs' less than 8-9 years ago and you didn't like how that turned out....
So again I ask you...know WHAT you are trying to accomplish and don't let the absurdity of slick marketing GET you again, friend.
All this giberrish about chasing 'benefits' is how they are leading so many young folks to heck....your CCs should primarily be TOOLS
for you live your life more abundantly ....now they have us chasing cards by marketing 'name' like cologne smdh
No offense, you don't even have a $5k CL worthy of a basic siggy card ....there is NO REASON for you to be chasing yet another freaking card
when you're better off growing up the ones you have now.
Don't take offense, I'm trying to say I know 'why' you're chasing..b/c the marketing is freaking GOOD at what they do...I'm just trying to SHOUT you off the ledge,
don't look into their eyes, don't fall for it.
Ppl IMO can aspire to own a home...save up for a car ok but chasing a freaking CC ...c'mon now
The boomberg title says it all using the word JUNKIES....these folks are trying to get you ppl HOOKED, like based heads on the Wire...put down the pipe
save youself
No offense taken at all. I'm not really chasing the benefits and marketing stuff. I don't want more cards than I need. That's why I'm asking about canceling two of my 5 revolving accounts. The one was maybe a mistake, but at the time I was buying a new Motorola phone every year and getting 12 months 0% interest on them. I have since switched away from Motorola phones. It served its short-lived purpose. One thing I want is to establish some good accounts at a reasonable pace so that in 5+ years have a good average age etc. Getting 6% on groceries, 3% on gas, and 2% everywhere else is just a fun bonus. When I mention applying for another card, it's not like I'm really itching. I'm just trying to figure out the best time to do it. It really is a long game for me, but bonuses, rewards and benefits don't hurt.
And just to be clear, when I screwed up my credit as a teenager, it wasn't that I "didn't like how it turned out". The marketing didn't "get" me. It was completey on purpose. I spent the money and never paid a dime back full well knowing how it worked. I had no interest in credit. I've since grown up a bit. I pay the balance in full every month. Haven't paid a penny in interest since I started rebuilding.
@Anonymous wrote:
@SunriseEarth wrote:
@Anonymous wrote:
@Anonymous wrote:
Get the CLI and close them out. They'll be on your report for 10 years so you won't really feel the effect on your AAoA.
Awesome. Thanks for confirming.Of course, it could also have a negative effect on UTIL. Scores are optimized when more than half of your open CCs have a zero balance. IMHO, close them after you apply.
BTW, have you tried the Chase Pre-Qual to see what comes up?
Do you mind expanding/clarifying a bit? Both the ones I want to close are zero balance. The other three are 5-10%. I didn't realize this zero balance on half thing. I have been purposefully keeping the others at 5-10. Once I close, should I keep two of the remaining three at zero?
I have tried the pre-qual, but I get nothing because I must have opted out back when I had the old account I never paid. I've been trying to figure out how to opt back in without an active account with Chase. CreditKarma was tellig me 40 points ago that I had a "very good" chance of getting the CSP, but that may be a terrible guage.
And just to be clear, you're saying close them after I apply for the CLI, right? (As opposed to after applying for CSR, which could be a while from now)
From my experience, and what I've read here on MF, Chase has a permanent memory when you've wronged them. So since you have had an unpaid card balance (I'm assuming went to collections) you should probably forget about wasting your time with Chase and focus on a different big bank first. CK doesn't analyze or know Chase's approval algorithms any more than we really do, so I hold no stock in those "approval" guides. Just my 2 cents 
