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What if......

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Anonymous
Not applicable

What if......

Thanks to an awesome suggestion from Revelate - 

 

Let's say some federal law went into effect regarding Credit Cards - and the new federal law said immediately you can only have 3 major credit cards open and the rest must be cancelled immediately or face the guillotine, what card would you keep. Forget the store cards, just the majors. If your decision is made on your credit limit, that's fine too. Just what 3 would  you keep. And, let's just keep it simple and don't over-think it.

 

Also, please - this is to be non-political. Never meant it to be anything else other than the 3 cards.

 

I'd keep:

 

Sallie Mae

Discover

Quicksilver

Message 1 of 36
35 REPLIES 35
Anonymous
Not applicable

Re: What if......

IHG, Discover, Alaska airlines (because I can fly on AA with my miles and it comes with a companion pass) lol.
Message 2 of 36
LuckyBird
Regular Contributor

Re: What if......

For me I think it would have to be Amex BCP, Discover, and Double Cash. 

Chase Sapphire Reserve $30,000 | Amex BCP $30,000 | Discover It $30,000 | Citi Simp $16,500 | NFCU Cash Rewards $14,400 | Citi DC $9,800 | Chase Freedom $9,000 | VS $4,100 | Kohl's $3,000 | Loft $3,000

EQ 823 ~ TU 817 ~ EXP 808 | ITG since 8/24/2016
Message 3 of 36
CreditCuriosity
Moderator Emeritus

Re: What if......

Would simlpy move countries where such law doesn't exist as less gov't is betterSmiley Happy.  Not getting political here, but wouldn't happen or at least with me.

Message 4 of 36
Anonymous
Not applicable

Re: What if......

You have to give the parameters. Do you mean that we weigh our current CL into the equation? Or not? Is it strictly based on the features of the card, or the useability given our current CL? 

Message 5 of 36
Santi78342
Established Contributor

Re: What if......

I think I would keep it simple and go straight cash back:

 

- Sallie Mae

- Discover

- Double Cash

Message 6 of 36
Anonymous
Not applicable

Re: What if......


@CreditCuriousity wrote:

Would simlpy move countries where such law doesn't exist as less gov't is betterSmiley Happy.  Not getting political here, but wouldn't happen or at least with me.


Non political - meant only to see what 3 cards you would keep.



Message 7 of 36
DrZoidberg
Established Contributor

Re: What if......

1. Citi Prestige

2. CSP

3. Amex BCP

Message 8 of 36
NRB525
Super Contributor

Re: What if......


@Anonymous wrote:

You have to give the parameters. Do you mean that we weigh our current CL into the equation? Or not? Is it strictly based on the features of the card, or the useability given our current CL? 


If you are an AU on someone else's three cards, do those cards count in your three?

Are merchants forced to accept AMEX on penalty of death?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 9 of 36
Anonymous
Not applicable

Re: What if......


@NRB525 wrote:

@Anonymous wrote:

You have to give the parameters. Do you mean that we weigh our current CL into the equation? Or not? Is it strictly based on the features of the card, or the useability given our current CL? 


If you are an AU on someone else's three cards, do those cards count in your three?

Are merchants forced to accept AMEX on penalty of death?


Just keep it simple, don't over-think it. Just a fun little message thread on a Sunday night as we wind down from the weekend.

Message 10 of 36
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