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...till May 2013 at the earliest.
That's right, the only apps I will do from here on out will be:
-11/12 student loan
-12/13 student loan
-BofA CLI request to go $3,500 to $5,000 (then I'll be satisfied)
So now my two primary cards (in wallet and for all transactions) will be
BofA Cash Rewards ($3,500, 10.99%)
Amex Zync (NPSL, NA)
Citi Dividend World will be my primary backup ($6,000, 14.24%)
I want to axe at least one card from my lesser crowd:
Discover More ($1,500, 15.99%)
Chase Freedom ($3,000, 22.9%)
Amazon Store ($1,200, 25.9%)
Thoughts?
I will not apply for anything but student loans from here on out! (And that one CLI increase request, probably in the fall).
@smc733 wrote:...till May 2013 at the earliest.
That's right, the only apps I will do from here on out will be:
-11/12 student loan
-12/13 student loan
-BofA CLI request to go $3,500 to $5,000 (then I'll be satisfied)
So now my two primary cards (in wallet and for all transactions) will be
BofA Cash Rewards ($3,500, 10.99%)
Amex Zync (NPSL, NA)
Citi Dividend World will be my primary backup ($6,000, 14.24%)
I want to axe at least one card from my lesser crowd:
Discover More ($1,500, 15.99%)
Chase Freedom ($3,000, 22.9%)
Amazon Store ($1,200, 25.9%)
Thoughts?
I will not apply for anything but student loans from here on out! (And that one CLI increase request, probably in the fall).
Oh, yes. Hanging out in the garden is great! So peaceful here!!! (I stepped out of the garden for a fresh car loan, but am hanging out again on my garden bench).
Are there any AF's on your ax list?
Any benefits that are useful to you?
Why are you wanting to close one?
At first glance, my vote would be the Amazon Store card, as it seems more limited in use and high in APR. But I'm not familiar with the card, and am not sure if it has rewards which may be useful - or an AF.
@Anonymous wrote:
@smc733 wrote:...till May 2013 at the earliest.
That's right, the only apps I will do from here on out will be:
-11/12 student loan
-12/13 student loan
-BofA CLI request to go $3,500 to $5,000 (then I'll be satisfied)
So now my two primary cards (in wallet and for all transactions) will be
BofA Cash Rewards ($3,500, 10.99%)
Amex Zync (NPSL, NA)
Citi Dividend World will be my primary backup ($6,000, 14.24%)
I want to axe at least one card from my lesser crowd:
Discover More ($1,500, 15.99%)
Chase Freedom ($3,000, 22.9%)
Amazon Store ($1,200, 25.9%)
Thoughts?
I will not apply for anything but student loans from here on out! (And that one CLI increase request, probably in the fall).
Oh, yes. Hanging out in the garden is great! So peaceful here!!! (I stepped out of the garden for a fresh car loan, but am hanging out again on my garden bench).
Are there any AF's on your ax list?
Any benefits that are useful to you?
Why are you wanting to close one?
At first glance, my vote would be the Amazon Store card, as it seems more limited in use and high in APR. But I'm not familiar with the card, and am not sure if it has rewards which may be useful - or an AF.
Also agree with geting rid of the Amazon Store card. I think the discover/chase combo give you more flexibility as to where you shop.
Why do you have to do multiple apps for student loans?
Is that common?
+1 - Amazon Store card... Keep the others open and rotate from time to time!
Ray
I bet the flowers smell really nice!
I'll find my way to the garden someday!
Mark
Congratulations, smc733!
Your application to the Garden Club has been approved. You may collect your complimentary gardening gloves and watering can at the clubhouse door. We look forward to seeing you at our meetings!
(And this approval didn't cost you a hard pull! )
@drsmith wrote:Why do you have to do multiple apps for student loans?
Is that common?
I had to do a new loan each year. I still have four "lines" that I'm paying (to the same company). Even though I send ONE payment to the very same place (they disburse it)
I have like 8 federal loans but I don't take an inq for any of them
So I have the federal loans, but I also have to take private loans too (private uni), once per year...
Anyway... I'm going to take out more than I need this year, and put the difference toward one loan I have through MEFA which has a ridiculous 8.89% rate (PNC gives me ~4.1-5.1).
So the Amazon Store card it is. I thought when I got it, that I'd use the 6 mo financing for things like books, but I have plenty in savings, and I'd rather pay that back, I never actually use the card, plus it has no rewards, and GEMB is sucky in comparison to an otherwise prime group of lenders I have.
I'm also dumping 3 of my 4 AU accounts w/balances, since I now have the portfolio I want, and the balances can only hurt things, since they appear high compared to a college income, and the age is suspicious.
I will dump
Amex Charge, 1981 (avg bal of $900)
Amex Charge, 2000 (avg bal of $200)
Chase, 2009 (avg bal $2k+)
Discover, 2002 (avg bal almost always 0)
So this leaves my revolving profile with this:
BofA 3,500 (6/10)
Citi 6,000(6/10)
Discover 1,500 (1/11)
Chase 3,000 (4/11)
Amex (6/11)
Closed:
Banana Republic (4/10)
BofA Secured (4/10)
HSBC/BestBuy (1/11)
Chase (2/11)
Amazon (2/11)
Sounds good?