Oh chit

[youngandcreditwrthy]

So I shouldn't close any other accounts?
The thing is my Chase Freedom is almost maxxed out. Should I close them to avoid extra aa?! My Amex Delta Gold hasn't reported yet, but it will get backdated. I guess I need to cut some lines. Heh
It really does suck that creditors are causing us to play this game. I'm a little irritated. I have a decent income, and I pay my bills!!!!! Dang! I even started paying my student loans that aren't even due yet!
I'm closer to $170k in credit than I thought bah.

Yeah, that was my whole thing with GE default4. I suppose you are right; I have gotten higher limits. Lol thanks everyone :-)

[toppers555]

popcorn.

I don't think it unreasonable at all for creditor to be concern when you have  100% or more of revolving credit available compared to your income, regardless og payment history.  I am pretty much at point where I am closing down account I see as "useless". I am petty sure all my GE accounts will be getting the axe  next year except Amazon,and Paypal.. May keep my Men's Warehouse.

[Captain4Ever]

Not sure how much income you have stated while applying for the card? Creditors may decide your income is not enough to justify such amount of credits, hence card closure.

Having too much credits won't alone let you to top of the line, your account management will : history, payment, ages...

[youngandcreditwrthy]

I think it's cause for concern, but I monitor my own credit reports prob more often than my creditors and do a good job of managing my credit..or so I thought lol
How could Citi be so concerned when they are $5000 of almost $170k of credit. I decided to not bother with reopening this account. I only wanted it for the BT offer which I took advantage of. Citi really has made it to my blacklist.

[enharu]

@young

it really depends on what your priorities and preferences are.

If high CLs is your top priority, stick with whatever you have, since GE is good at that. In my personal opinion GE cards are not as attractive because of the high APR and almost non-existent, or just not-as-good, rewards structure on most of their cards. The only thing that makes me think it's worthwhile is the 0% APR financing. However, that's just me. GE is good for high CL so if that's what you're going for, you're on track.

Are most of your GE cards network branded? Certain lenders do not factor, or just do not emphasize as much on store cards, or just non-network branded cards, into their internal calculations. So their calculation of your utilization ratio and account history may be very different from what it would be if you included all your tradelines. Back in March, when I had to call Barclays they specifically mention that 1 out of my 2 tradelines was in dispute (Wells Fargo). None of my other new accounts were reporting yet, and the analyst seemed to ignore my Bloomingdales and Macys account. 

Also another important thing to note is that while the percentage matters, banks do look at the dollar amount of debt you're in as well. It does rub them off the wrong way if the dollar amount of debt exceeds what they're comfortable with for that income level. If your freedom is maxed out, try to minimize any balance on remaining cards. Lenders are not comfortable with several accounts reporting relatively high balances on top of a maxed out card.

Anyhow, if you don't care much bout Citi, don't worry about it. Citi has good offerings in my opinion and can be generous with the CLs as well, but if they do not suit you then there's no point forcing it either. Nothing much to worry about either. 1 account closed by lender will not affect anything in most scenarios.

[john398]

I would not close Chase Freedom, its a good card with good rewards

Do you use your Lowes much?

[sandman2435]

Yep.Thats why I closed out all my GE Backed cards as They really was not doing any thing for me..I had about 75K in unused credit with them..I have one more to close which Im kinda on the frence about...Care credit..which can come in handy if I need to go to the dentist and use the 0% offer

[09Lexie]

@young

You already know how I feel about your line up of cc's. that being said, if you were thinking about shedding some dead weight here are my suggestions:

1. JCP-
2. SmileGen
3. Orchard Gold
4. Dillard's
5. Travelocity Amex

I think you use or like the ANF, Express and Ban Rep Visa.

[jsickz32]

Damn this has me worried. I make 47k a year and im at 100k+ total CL. I just turned 22 too.....

I do keep my UTL at 1% and sometimes 2% if i feel brave lol

[mcf]

just tell them i could use some of that extra credit!! lol. so they basically in order to give you more than 5000 in citi credit, want you to lower your overall credit to 50-75k? Thats a little strange...