What do you think I should do with these cards?

[Red1Blue]

These are the cards I have so far. Do I have too many cards? Is it ok to keep these cards or should I close some of these cards? Cards with AF, if they waive the AF then should I keep the cards or still should I close the cards? Any suggestions? I dont plan on getting any other new cards as I have good mix of cards at this time.

Target $200 NO AF
Dillards $300 NO AF
Macy's $200 NO AF
Old Navy $200 NO AF
HSBC VISA $500 AF $35
Orchard MC $500 AF $35
BOA Visa $500 Secured 99/500
Credit One $700 AF $5.75 /month
Hooters $1000 AF $35

JC Penny $1800 NO AF
Pearl Visa $725 NO AF
SVC CU $2000 NO AF / Secured
FNBO $7000 AF$20 / Secured
Amex Plat Charge AF $450
Amex Optima $5000 AF $35
Citi Bronze $5000  NO AF

Citi HHonors $12000 NO AF

Message Edited by concorduser on 03-08-2008 09:01 AM

Message Edited by concorduser on 03-08-2008 09:03 AM

[Anonymous]

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concorduser wrote:

These are the cards I have so far. Do I have too many cards? Is it ok to keep these cards or should I close some of these cards? Cards with AF, if they waive the AF then should I keep the cards or still should I close the cards? Any suggestions? I dont plan on getting any other new cards as I have good mix of cards at this time.

Target $200 NO AF
Dillards $300 NO AF
Macy's $200 NO AF
Old Navy $200 NO AF
HSBC VISA $500 AF $35
Orchard MC $500 AF $35
BOA Visa $500 Secured 99/500
Credit One $700 AF $5.75 /month
Hooters $1000 AF $35
Pearl Visa $725 NO AF
SVC CU $2000 NO AF / Secured
FNBO $7000 AF$20 / Secured
Amex Plat Charge AF $450
Amex Optima $5000 AF $35
Citi Bronze $5000  NO AF

Citi HHonors $12000 NO AF

Message Edited by concorduser on 03-08-2008 09:01 AM

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You have total AFs of $679.

I say close some of them you don't need or want anymore.  Why do you want to continue paying a $35 AF on a $500 CL when you have an Amex Platinum?

[Red1Blue]

Orchard and HSBC are one year old. It is time for renewal this month or next month. I'll ask them to waive AF. If they dont waive the AF then I am planning on closing those accounts. I think other cards with AF are due for renewal around June/July. Then I am planning on asking them to waive AF and if they dont then close the accounts. Only one card CreditOne Card I am not sure if I should keep or close as it has 2 1/2 month positive history on it.

[Anonymous]

We must be thinking the same thing...

Gone:

HSBC VISA $500 AF $35
Orchard MC $500 AF $35
Credit One $700 AF $5.75 /month

Hooters $1000 AF $35 - negotiate fee/terms and CLIs

[pattycake]

Concord - ditch the ones with annual fees, and keep your util low. Ask your existing creditors for CLI's.

In my experience, Orchard doesn't waive AF, and neither does Credit One. These are both very expensive, so get rid of 'em, you have good cards already!!!

[Anonymous]

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pattycake wrote:
Concord - ditch the ones with annual fees,

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...except for that one.  And you know the one I'm talking about.

[Red1Blue]

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cheddar wrote:

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pattycake wrote:
Concord - ditch the ones with annual fees,

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...except for that one.  And you know the one I'm talking about.

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Yes, I know which one you are talking about.

[Anonymous]

I agree with Lady Scarlet - get rid of the HSBC, Orchard, Credit One and the Hooters if they're not willing to negotiate the AF...  You don't need that many open accounts to worry about and it looks crazy to have an AMEX platinum in the same post as the 4 listed above (no offense)...  The reduction in your overall credit line will be offset shortly by your BOA secured becoming unsecured and CLI.

I say get rid of them, you won't have to worry about getting annual fees waived, not just this year but everyone thereafter...  just my 2 cents..

[Anonymous]

regarding low limit store cards i was told i would get cli after using card 4 times  if that helps with those cards.  Junk those low limit fee cards.  HSBC will do hard inq if you ask for cli. even if they say they won't!!!!

[Anonymous]

I agree-

Stop the apps-

Close the junk-

My other creditors are quite happy that I closed my junk cards-