Which card(s) should I close?

Anonymous · ‎06-04-2008

I want to slowly weed out the sub primes

Opened cards

Target - Limit $200 - Balance $0; opened 11/07

Orchard - Limit $500 - Balance $0; opened 5/07 (annual fee card)

HSBC direct rewards (discover) Limit $300 - Balance 0; opened 6/07

Capital One Platinum - Limit $500 - Balance 0; opened 8/07 (CLI in very near future)

Firestone - Limit $1000 - Balance: $600; opened 11/07

Amex Green opened 5/2008

Cards in the mail, not yet activated

Juniper - Limit $2000 - Balance $0 - opened 5/08

Citizens circle rewards - Limit $4000 - Balance $0 - opened 6/08

Scores:

EX: 635

EQ: 702

TU: 719

Anonymous · ‎06-04-2008

When are your AF's due on the HSBC cards?

I would start and finish with these.

They will refund a AF if closed within 30 days of the AF.

No CLI on you 1 year with these guys?

Don't count Junny until you have had it for 6 months- they do all kinds of crazy stuff.

jdt0t wrote:

I want to slowly weed out the sub primes

Opened cards

Target - Limit $200 - Balance $0; opened 11/07

Orchard - Limit $500 - Balance $0; opened 5/07 (annual fee card)

HSBC direct rewards (discover) Limit $300 - Balance 0; opened 6/07

Capital One Platinum - Limit $500 - Balance 0; opened 8/07 (CLI in very near future)

Firestone - Limit $1000 - Balance: $600; opened 11/07

Amex Green opened 5/2008

Cards in the mail, not yet activated

Juniper - Limit $2000 - Balance $0 - opened 5/08

Citizens circle rewards - Limit $4000 - Balance $0 - opened 6/08

Scores:

EX: 635

EQ: 702

TU: 719

Anonymous · ‎06-04-2008

Just had the Orchard fee applied last month and paid it.

No AF on Direct Rewards.

No CLI on the direct rewards; do you know if Orchard & HSBC can be combined. I read that 2 HSBC's can be, but not sure if they will with Orchard.

Thanks for the Juni advise; I read on this forum they're a bit screwy.

Message Edited by jdt0t on 06-04-2008 09:03 AM

Message Edited by jdt0t on 06-04-2008 09:21 AM

Anonymous · ‎06-04-2008

Here's what i have. All have been applied and received within the last 2 months.

Orchard - $500

Cap 1 - $1,000

AMEX Delta Gold - $1,000

The only other revolving card is an Express store card at $250. Had this for about 8 year.

Should i keep the Orchard for now? I haven't even used it yet but it is activated.

Thanks!

Anonymous · ‎06-04-2008

I'd hang onto it for a bit-

Capone should auto CLI you in a few months-

Get your Delta up to 3 to 5K in 6 months-

Then consider shutting down the HSBC- I might even get a pack of gum or tank of gas and PIF it- just to show some activity-

jbmoney wrote:

Here's what i have. All have been applied and received within the last 2 months.

Orchard - $500

Cap 1 - $1,000

AMEX Delta Gold - $1,000

The only other revolving card is an Express store card at $250. Had this for about 8 year.

Should i keep the Orchard for now? I haven't even used it yet but it is activated.

Thanks!

Anonymous · ‎06-04-2008

I called Orchard, they will not refund my $79 AF since I paid it. They gave me a CLI of $1,000. I'll have to remember to cancel before AF is due next year. I was considering closing the Direct rewards & Target store card, they would not give a CLI

Anonymous · ‎06-04-2008

Unless HSBC recently changed their Terms and conditions-

They WILL credit an AF (paid has nothing to do with it) within 30 days.

jdt0t wrote:

I called Orchard, they will not refund my $79 AF since I paid it. They gave me a CLI of $1,000. I'll have to remember to cancel before AF is due next year. I was considering closing the Direct rewards & Target store card, they would not give a CLI