@Anonymous wrote:
@Tomgon1981 wrote:
Card Limit
1. Citi DC. $3000
2. BofA mlb rewards. $1000
3. CO QS. $3600
4. GM Buyoower. $500
5. Amex ED. $500
6. Discover IT. $500
7. Lowes. $5000
8. Walmart. $3900
9. Kay jeweler. $4800
10. Vic secret. $2500
11. Target. $1000
12. SAMs club. $1000
13. Amazon. $1000
14. Express. $1850
15. Buckle. $2450
16. PayPal. $2000
17. Toys r us. $1000
18. Macy's. $3500
19. Justice. $3000
20. Serta. $2200What is your normal spend? What cards do you like using on a regular basis?
Cards with 500 dollar limits and random store cards would be the first go imo.
Amex can do SP CLI's so I wouldn't even close that ... As far as the GM card it will take a HP so close if you dont need it.
@Tomgon1981 wrote:
Yeah I was disappointed with the GM card sl
Yeah I am quite happy with my $2,000 limit lol.
@Tomgon1981 wrote:
Should I close 1 a month multiple at once or a couple every few months
I would just close the ones you want all at once. They will stay on your report as a postive trade line for 10 more years.
@Tomgon1981 wrote:
Card Limit
1. Citi DC. $3000 Use for 1% + 1% back in PIF mode.
2. BofA mlb rewards. $1000 The 3-2-1 Rewards? Keep. Consider a HP CLI request to ask $25k, let them counter.
3. CO QS. $3600 Keep.
4. GM Buyoower. $500 Close if you won't be using it.
5. Amex ED. $500 Read up on the 3X CLI Requests on AMEX cards.
6. Discover IT. $500 Read up on the Discover SP CLI results. Sign up to rotating categories, use for Gas Q1, the Dining and Groceries later in the year (sign up each quarter)
7. Lowes. $5000 If you use the 5% on home improvement items, keep, else close.
8. Walmart. $3900 Likely keep.
9. Kay jeweler. $4800 Close
10. Vic secret. $2500 Close
11. Target. $1000 Keep - Nice limit. 5% on any Target purchases.
12. SAMs club. $1000 Keep
13. Amazon. $1000 Keep
14. Express. $1850 Close
15. Buckle. $2450 Close
16. PayPal. $2000 Keep
17. Toys r us. $1000 Close, unless it's the MC/VISA version with some rewards?
18. Macy's. $3500 Likely close, unless you shop Macy's at all, and there are promo discounts for sfutt you would buy anyway.
19. Justice. $3000 Close
20. Serta. $2200 Close
Those marked Close in red, could be closed now. The reason is, it is unlikely they offer much benefit, and the only way to really keep them alive is to buy stuff at those stores, which may not be the things you need to buy.
Those in green, you probably want to keep those for a really long time.
Those without highlighting, more decisions to make, it depends on how the card is being used.
