@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. $2200
What 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.
Justice, Serta, Buckle, Express, that kind of stuff to me is easy picking for closing. Too often you end up going there just to keep the card active and buy things that you don't need. I also don't see much point in a $500 buypower card. It's not like that kind of limit is really going to help you with purchasing a car, and the rewards are so restrictive (what if you decide you don't want a GM? useless rewards).
The more general purpose cards...you have to just weed out what does and doesn't fit your lifestyle/goals. Personally, I think you only need one or the other between Quicksilver and Double Cash. Although I don't love Capital One, the rewards program on the Quicksilver is far more cut and dry vs the Double Cash, so if you were gonna pick one, I'd opt for that, unless your general spend is so high that 0.5% more is a large difference. That said, some people would rather deal with Citi than Capital One, rewards program percieved hassles notwithstanding.
