My Available Credit Needs to Shed Some Weight!!

[Anonymous]

---

@Anonymous wrote:

You don't need to cut your credit lines, you just need to make more money 

---

Now that is hilarious! 

[Anonymous]

---

@baller4life wrote:
But the majority of my cards are $10k+. Why would I slash cards down to $1000 and below just to keep them open? Those were my limits during rebuilding. I don't really want to go backwards. You feel me?

---

I so get that!

[Anonymous]

Sounds like you are committed to your plan, baller! Good luck with choosing the cards you want to keep!

[Anonymous]

My only hesitation with that would be losing your SallieMae! A lot of us would kill to have one! Do you any of your other cards in your wallet offer rewards as good as the SM for gas/groceries?

[FinStar]

I'm going to work on a little strategy and see what we can come up with

[kdm31091]

Slashing the limits could backfire, as it could appear that your creditors are taking AA on you. Remember your report will not differentiate who lowered the limit, just that it was lowered.

Id proceed with getting rid of cards you no longer find useful. Good luck

[baller4life]

---

@Anonymous wrote:
My only hesitation with that would be losing your SallieMae! A lot of us would kill to have one! Do you any of your other cards in your wallet offer rewards as good as the SM for gas/groceries?

---

Yes Sam's MC and it's uncapped. Trust me I will NOT shed a tear closing Sallie Mae. Barclays and I are far from friends. Notice they are not even in my signature.

[baller4life]

---

@FinStar wrote:
I'm going to work on a little strategy and see what we can come up with

---

Do tell my dear Finstar!

[FinStar]

Not necessarily. Reduced exposure is not the trigger for AA. If baller had a ton of utilization across the board or making minimum payments on her tradelines then I could see that maybe being the case.

There's hardly any anecdotal information that supports your claim. I've reduced tradelines and closed in excess of $50K in a brief period. No AA.

[baller4life]

---

@kdm31091 wrote:
Slashing the limits could backfire, as it could appear that your creditors are taking AA on you. Remember your report will not differentiate who lowered the limit, just that it was lowered.

Id proceed with getting rid of cards you no longer find useful. Good luck

---

Awesome point! Thanks!!