Closing some cards

MrCreditInternational · ‎05-13-2020

Should I close my cards or just let the banks close my useless cards because of inactivity?

Amex: Platinum (NPSL); HH Aspire ($31,700); BBP ($27,000)
Barclays:Emirates Premium ($44,000)
USB: Altitude Reserve ($20,000); Altitude Reserve ($15,000); Altitude Connect ($1,000)
HSBC: Premier WMC ($28,500)
WF: Autograph ($16,500)
Chase: Freedom ($10,500); Ink Preferred ($5,000)
GS: Apple Card ($4,750)

Started collecting cards: Oct/2018

M_Smart007 · ‎05-13-2020

@MrCreditInternational wrote:
Should I close my cards or just let the banks close my useless cards because of inactivity?

Opinion's on this will vary, some like "Closed by consumer" on their report,

rather than "Closed by Credit Grantor"

wasCB14 · ‎05-13-2020

I like to make gradual changes, spacing out new cards and closures. Maybe close one or two cards now and see how you feel in a few weeks.

I've seen quite a few plans for radical and sudden simplification (by MF standards, that is) fall apart or lead to app sprees.

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE
SUB chasing: AA Platinum Select

MrCreditInternational · ‎05-13-2020

I'm planning to close the cards gradually. Probably two or three every month.

The reason I'm closing them is that I'm going to another country soon, so I won't need cards with FTF.

Amex: Platinum (NPSL); HH Aspire ($31,700); BBP ($27,000)
Barclays:Emirates Premium ($44,000)
USB: Altitude Reserve ($20,000); Altitude Reserve ($15,000); Altitude Connect ($1,000)
HSBC: Premier WMC ($28,500)
WF: Autograph ($16,500)
Chase: Freedom ($10,500); Ink Preferred ($5,000)
GS: Apple Card ($4,750)

Started collecting cards: Oct/2018

Anonymous · ‎05-13-2020

Go for it. I prefer less cards and less hassle. I only have one credit card which is like the opposite of most people on this site. In my opinion, there is no point in having something if you don't ever use it.