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Re-Organizing The CC Portfolio

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Anonymous
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Re-Organizing The CC Portfolio

Okay, so here's the deal...

 

My current CC Portfolio (alphabetically): AMEX BCE - $ 7500 / AMEX Gold - NPSL / BBVA NBA - $1500 / Barclays HAL WEMC - $1500 / Cap1 Plat - $4300 / Cap QS1 - $1500 / VS Angel Forever - $1350 / Overstock Store - $2000 / Chase Freedom - $1000 / Chase Disney Premier - $3000 / Chase Marriott Premier - $5000 / Citi Simplicity - $2600 / Discover IT - $5000 / Kohl's - $300 / Amazon Store - $4000 / Chevron Visa - $4800 / WM Store - $3000 / WM MC - $2400 / Target - $800...

 

My Chase Slate & Amazon were just recently consolidated with the Freedon & Disney...

 

I now plan to close my BBVA NBA, Overstock Store, & Kohl's - which is almost $4000 worth of credit... I am wondering if I should eventually close my WM Store (once I get my WM MC version CL to match the Store version) & VS Forever as well...?!? I know it sounds funny to some to close this many while they themselves are trying to get approved for this many - LOL!!! However,I feel I need to get this under control with a much more solid base... I don't want to get rid of my CAP1's - I plan to do upgrades with them to a Prestige & QS (no AF)... My Barclays I want for the MCWE benefits & also the Target because that's such a challenging card (& it's a novelty)... I know future CLI's will compensate for what will be lost in the process... Any insight on this,,,?!? Thank You ahead of time!!! Smiley Happy

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revjamesl
Valued Contributor

Re: Re-Organizing The CC Portfolio

I don't think it's a bad idea at all. You know better than anyone what your credit needs are and you do what's in your best interest. Just be sure to keep your utility low and you'll be fine.
AMEX Platinum NPSL | Discover It $45.9k | Chase Sapphire Reserved $40.7k |Barclay Arrival+ WEMC $40k | PENFED Platinum Rewards VS $35k | Lowes $35k | BoA Better Balance Rewards $30k | AMEX EDP $25k | Cap 1 QS $23.25k | NASA Platinum $20k | Chase Freedom $15k | Synchrony Haverty's $16.5k | BBVA NBA Rockets AMEX $15k | FNBO AMEX $15k | Citi Diamond Preferred $10.7k | Best Buy $10k | Synchrony Rooms-to-Go $10k | US Bank Cash+ $7.5k | AMEX BCE $6k | Barclay Financing Visa 1k | |

AU on DW Accounts: Discover It $40k I AMEX BCE $30k | Chase Marriot $29.8k |

Credit Scores: 800 EQ/833 TU/831 EX
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