One Card Too Many??

[Anonymous]

I have four bank cards at this time:

AMEX BCP ($30000): for 6% groceries and 3% gasoline

Chase Freedom($28200): Quarterly promotions at 5%

Citi DC ($24,000):   for 2% on everything except above

Kroger Mastercard ($10000): for groceries

I basically have NO use for Kroger ($10000 limit). I got it in an impulsive bored moment in early June. I use AMEX BCP for Groceries about 11 months a year (when I hit the $6000 limit) and finish off the year with Citi DC at 2%. Kroger's percentages are 3 points per dollar if spent on their "house" brands, 2 points if used in the Kroger "family" of stores, and 1 point if used anywhere else. 1000 points gets you a $10 kroger certificate which can only be used in their stores.

I did earn a $100 opening bonus for spending $500 on the Kroger card in the first three months.

Other than that, I see no possible future use for this card, and with Citi DC, never outside of their stores..

I can SD it and let it get canceled, eventually. Or I could use it occasionally, but I really see no future for this card.

Any thoughts??

[CYBERSAM]

Close it if you don't want it! Most people keep extra cards for utilization, but if your paying your balance every month then all you need is 3 cards to maximize your FICO score.

Less cards to carry and keep track of 😎

[Anonymous]

Make sure to read the terms about the bonus and rewards on the Kroger card, as closing it too early may result in the bonus being clawed back. Which bank issues that card?

[Anonymous]

I shop at Kroger usually 2 or 3 times a month and ice gotten the mailers and emails for the card, but I havent applied. I wasnt crazy about the reward system. 

[macinjosh]

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@Anonymous wrote:

Make sure to read the terms about the bonus and rewards on the Kroger card, as closing it too early may result in the bonus being clawed back. Which bank issues that card?

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Kroger Mastercard is issued by US Bank.

[blindambition]

I use Smiths in Vegas, which is a Kroger brand. Yeah, the bonus structure is pretty weak.

I'd hold card a year at least. You got the SUB. Show US Bank some good faith, in case you apply for one of their cards in the future.

[FieryDance]

There could be some use yet.  Would having this card make one eligible for Altitude Reserve?  Would US Bank allow PC of this card?  

I agree with keeping it for at least a year.  

[kdm31091]

There is no pressing need to close it since it has no fee, but I would agree it does not seem very useful compared to your other cards. I think it's fine to close cards you got on impulse and later regret, etc, as long as you are not making a habit of doing it constantly (which would appear to the issuers as churning). But if you just closed it, since you have 3 other cards with huge limits, it's unlikely it would hurt you much if at all.

[KLEXH25]

I would SD the card until it hits a year and then close it. 

[pinkandgrey]

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@CYBERSAM wrote:

Close it if you don't want it! Most people keep extra cards for utilization, but if your paying your balance every month then all you need is 3 cards to maximize your FICO score.

Less cards to carry and keep track of 😎

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@CYBERSAM  This is a perfect answer. I have no need to say anything else lol