What to do with store cards?

[Tomgon1981]

i have a bunch of store cards I really don't use anymore should close them or wait to see if the store will close them here is a list of the cards and their available limits

Amazon  $900

buckle $1850

victoria secret $2200

Walmart $3500

samsclub $1000

target $1000

tj max $450

toys r us $900

lowes $5000

express $2300

kay jewlers $4500

care credit $800

Macy's $3500

justice $2100

[Anonymous]

Thats quite a list...how many cards do you have total? Im wondering how closing 14 cards at once would affect your util.

[Tomgon1981]

No I'm sorry I wish to keep some of them as the samsclub Walmart Amazon lowes and Macy's but as for the others I don't use them and they was good for me to get the cards I currently have and use I have 20 cards total 

[Tomgon1981]

As for my other cards I use I have 

BofA mlb card

discover it 

CO QS 

CO QS1

amex ED

CITI DC

and a gm buypower card

[creditguy]

If you wish to simply your life than by all means close some cards you don't plan on using. Will it significantly affect your utilization by doing so? If so you might try for CLI's on the cards you plan on keeping to help keep utilization in place.

[Anonymous]

Agree with creditguy If utilization isnt a factor Id close them.

[Imperfectfuture]

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@Anonymous wrote:
Agree with creditguy If utilization isnt a factor Id close them.

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Quote, close what you don't use (unless gardening and aging, like moi).  HF is back at the Churn?

[Anonymous]

IF lets not deter the thread shall we? Post is in Approvals if you care to take a look.

[SouthJamaica]

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@Tomgon1981 wrote:

i have a bunch of store cards I really don't use anymore should close them or wait to see if the store will close them here is a list of the cards and their available limits

Amazon  $900

buckle $1850

victoria secret $2200

Walmart $3500

samsclub $1000

target $1000

tj max $450

toys r us $900

lowes $5000

express $2300

kay jewlers $4500

care credit $800

Macy's $3500

justice $2100

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I would be very wary of closing them because doing so will drive your utilization percentage up, and your average age of accounts down, both of which will have a negative impact on your FICO scores. Probably you're better off just letting them be, and trying to use them on occasion.

But if you'd really like to close them, I would start off with just one, and do one at a time.... and wait a month or two to see how closing each card impacts your scores before closing the next one.

[Imperfectfuture]

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@SouthJamaica wrote:

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@Tomgon1981 wrote:

i have a bunch of store cards I really don't use anymore should close them or wait to see if the store will close them here is a list of the cards and their available limits

Amazon  $900

buckle $1850

victoria secret $2200

Walmart $3500

samsclub $1000

target $1000

tj max $450

toys r us $900

lowes $5000

express $2300

kay jewlers $4500

care credit $800

Macy's $3500

justice $2100

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I would be very wary of closing them because doing so will drive your utilization percentage up, and your average age of accounts down, both of which will have a negative impact on your FICO scores. Probably you're better off just letting them be, and trying to use them on occasion.

But if you'd really like to close them, I would start off with just one, and do one at a time.... and wait a month or two to see how closing each card impacts your scores before closing the next one.

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Closing cards does not affect AAOA for ten years.  OP has enough regular cards to achieve 800+ in that time (supposing nothing bad happens).  I find my CU card kinda useless, but they are using it as sort of line of credit to back my business checks I cash.  Hence, if I don't want hold, I leave the card open.  Will be closing Cap One, Amazon Visa, and Maybe BCE (depends if get upgrade offer).  However, nothing is closed until April.  Why?  I might change mind, those added months past one year is better for reports, and who knows what is lurking in my future.  But I want other cards, and some just gotta go.  

OP finds some cards useless.  By all means, close, and in future, have room to get other cards or cli's.