Setting Your >2023< Card Strategy

[Jordan23ww]

@Aim_High  Great thread as usual! I don't have too many plans for 2023 right now. No cards currently on my radar next year, assuming I still get the Ink Cash this year. I want to get my Flagship to $40K  (currently it's at $29K) maxing out my exposure with NFCU at $80K. Want to get limit increases on my Apple Card, Sam's Club, Discover It and Citi Custom Cash. Would love for those to reach $20K eventually. 

 I thought it would be fun to go back in time to last year's thread to see how I did for 2022 and compare what I thought I'd do with what actually happened.  

✅-Applied and was approved for the US Bank Cash Plus and received a $5000 CLI.

❌😵-I started off gardening but that didn't last. Added the Citi Custom Cash, Amex Platinum, Sam's Club and Amex Marriott Bonvoy Business cards. Instead of hitting 4/24 in October 2022 I'll now hit it in November 2022.

TBD -I still plan to apply for the Chase Ink Cash after I get to 4/24. Leaning towards December 2022 to be sure I don't show 5/24 still when I apply. 

✅-I was successful in getting limit increases on my Apple Card, Best Buy Visa Card and my Navy Federal Flagship!😄

[Traveler101]

2023 will be some soft pull cli's, a credit reallocation with Barclay's down to 1 card from them. I have 80k availability in low interest cards, thank you Navy. I have a 32k penfed cc. Great limit, and constant promos for 0-1% up to 18 months. Makes that card very useful. One lesson learned in life is life happens and generally no warning. While I love Navy, there is no payment protection plan for their cc's. While penfed may have great promotions, regular interest charges can add up fast if need to carry a balance in an emergency. I have a membership with Firsttech. I am looking to apply for a great limit card there perhaps. Nice high limit and payment protection for peace of mind. That and a great rate for the most part on the odyssey at the moment. Just over 2x income in available limits. I've seen some posts lately people breaking what use to be a hard rule on available limits. I think I'm setting this one in my sights for 2023. 

[judokaal]

2023 plans:

• I will go for the CSR, and PC my CSP to a flex - my CSP will be hitting that 48 month since SUB mark, and with the traveling I plan to start doing again, the AF wont be much of hit after using the benefits.
• Considering downgrading my Aviator Red- but might keep it even with the AF, my GF wants to travel more and she always checks a bag. The $95 will get covered after a few trips
• Maybe try for a CLI on my AMEX Blue Business Plus near the end of 2023 - It's already at $20K, curious if I can get it bumped up a bit.
• Probably should take my QS1 out to pasture - it was my first card, but between the limit being $600 and a $39 fee, its not providing any value

[CoolHandSean]

My goal is to mainly garden but sometime next fall I plan to get a few NFCU cards. I've already been having my direct deposit going into my checking account with them to establish a relationship. Other than that ill

be requesting CLI's on my cards that do SP's to raise my total CL over $300K.

[xenon3030]

Next year, I will become 4/24 again and let's see whether Chase would have any good cards by that time.

If by chance, I establish my own business in the next year, I may apply also for biz cards.

[UncleB]

Nearly every purchase I make now is at either 3%, 4.5%, or 5% cash back (with Citi DC playing clean-up for the stragglers at 2.2%) so there's not much left to maximize.

I might pull the trigger on the AAA Daily Advantage Visa if someone confirms that it earns 5% back at Walmart, otherwise I'm probably done for a while. 

I admit I had my eye on a few others earlier this year (i.e. NFCU More Rewards Amex) but I have a finite amount to spend each month, and truthfully I'm to the point of saturation already so there's not much use in adding a new card unless there's an attractive sign-up bonus.

[Mdowning30]

Im trying to let my accounts age a bit more and next 2 months hopefully get a CLI on either my Discover or Amex per request. Im very interested in getting the Hilton Honors Surpass for the 10 PP visits a year, and also the Chase Marriott Bonvoy Boundless. Someone on here said they heard from a Chase exec. that you can get the co-branded United/Marriott cards now over 5/24. 

[Aim_High]

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@Anonymous wrote:

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@CaliCreditNoob wrote:

Serious question: How the hell did you get so many massive credit cards? of 80ks and 90ks etc. You are definitely a credit card master and guru. I am very impressed and jealous. The largest ive ever had was a Wells Fargo $10k active cash approval 2 years ago.

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Are you talking about @Aim_High ? Yes his limits are very massive. If you look at his other posts, you can see how he did it.

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Thanks for the tag @Anonymous.  And thanks for the compliment, @CaliCreditNoob.  Credit limits have been a subject of interest for me for several years.  I've worked on growing mine and have shared some of my knowledge and theories with the community.  This is a long and detailed side topic that doesn't belong in this thread, but I'll give you a short answer:  For most of us who are of average financial means and budget, Time* (lots of it) along with responsible regular use of existing credit and repayment history are the key elements.  I've been working on my profile for almost 40 years. 

*The main exception to TIME is MONEY, and again, lots of it to make a difference.  High levels of invested assets with that specific lender, very high income levels, and/or very high levels of spend-and-pay (whether that is personal or reimbursed business expenses) all may help to elevate credit limits faster.

To see some of my previous postings about growing higher credit limits, go to >THIS recent posting< and then follow the embedded links I provide within each thread to some older postings.  (Message links go back several layers.)  Also, feel free to start a new thread about the topic and tag me (@Aim_High) or send me a private message.  

[crystal626]

I converted my Cash+ to Go so I don't really have to make any other changes. All my spend is pretty sufficiently covered and really I could do with closing some of my cards (I'm up to 23 I think) but I probably won't because I just can't bring myself to do it.

[cws-21]

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@UncleB wrote:

Nearly every purchase I make now is at either 3%, 4.5%, or 5% cash back (with Citi DC playing clean-up for the stragglers at 2.2%) so there's not much left to maximize.

I might pull the trigger on the AAA Daily Advantage Visa if someone confirms that it earns 5% back at Walmart, otherwise I'm probably done for a while. 

I admit I had my eye on a few others earlier this year (i.e. NFCU More Rewards Amex) but I have a finite amount to spend each month, and truthfully I'm to the point of saturation already so there's not much use in adding a new card unless there's an attractive sign-up bonus.

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@UncleB., what interests/interested you about the More Rewards given you have "Nearly every purchase I make now is at either 3%, 4.5%, or 5% cash back (with Citi DC playing clean-up for the stragglers at 2.2%) so there's not much left to maximize?" Just curious.