Decided to close AEO Visa

[Anonymous]

Reducing credit is all part of growing and strengthening our profiles, but it's not always easy. It can be fun depending upon your perspective!

This one was a little difficult as my AEO Visa started as a store card in late 2014 and quickly became a Visa just a few months later. I had very little spend on the card while it was a store card, so I was surprised when I received the Visa upgrade within my account online late one night.

When I closed it this morning, it had a credit limit of $15,000, so that stung a bit to lose that. It was also kind of like closing an old friend - he'd been around for a while and it was nice while he was here.

Synchrony is a bit weird lately so I'm not sorry to lose a Synchrony card. I eventually want to get rid of all Synchrony cards as a goal. I do have a bit of history with this one and it was actually a very cool looking card.

I do have quite a few cards that have much better rewards, and it's part of my overall goal of streamlining my credit lines to a certain extent. Having the new Fairmont approval helped in being able to let this little guy go.

Moving forward with profile strengthening and streamlining! Have a great day, everyone!

[DeeBee78]

Good for you for recognizing when the fat needs to be trimmed. I had a store card that wouldn't grow beyond $300, so I closed it after seveal years. 

Synchrony can be so random with their limits. They'll let me have $5K at Amazon, $4K at Chevron, and $10K at Lowes, but only $300 at American Eagle? 

[AverageJoesCredit]

Nice of you to let the little guy go with his head held high ( 15k Visa ) ,Humu . Glad to see you putting your credit house in order. Sometimes we gotta do it so that we dont leave snything neglected. Im sure someone will the tyke a new home

Very happy for you . As my profile gets better i will probably lighten my Sync load as well but as is needed. I think if i can score Navy in my future ill let my Wally go as i do have Sams so one step at a time i guess. As always, thanks for sharing and my best on your future credit goals

[Anonymous]

Congrats on being able to let the card go. I also have the AEO Visa and am thinking of letting it go since I was able to get the Prime...but I also shop at AE at this point. It's going to be a tough decision!

[Anonymous]

COngrats! It can be very difficult to close old cards Onward and upward!

[Anonymous]

Thanks for the post.  I have been dragging my feet on closing one of my oldest accounts - but its stuck at $2100 and I dont used it often.  This helped me realize I really just need to let go.