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Who should I drop if any???

tag
MoreRewards
Established Contributor

Re: Who should I drop if any???

Oops I see your edit think that happened while I was in the reply window.

I don't use Slate. There's no balance. I knew what colinstu meant. But died anyone know if I wish to keep it open if there is a min amount if CL I need to leave on Slate.
EQ 773 * EX 786 * TU 797
Message 11 of 17
colinstu
Regular Contributor

Re: Who should I drop if any???

If there's been no activity on the card for 3 months, they can transfer the whole CL. If there has been activity, $500 is the minimum. 

 

That's what I've heard from previous experience on here before anyways. 

FICOs: TU 775 | EQ 784 | EX 773
Amex BCE $15,000 | Discover IT $11,600 | Chase Freedom $7,000 (Visa Sig) | Citi DoubleCash $6,000 (WEMC) | Chase AARP $6,000 | Barclaycard CashForward $4,000 | Barclaycard Rewards $2,000 | Capital One Quicksilver $1,750
Message 12 of 17
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Established Contributor

Re: Who should I drop if any???

Explicit that's a good idea for gas but it's about the equivalent of 5% CB which SM offers every month & IT/Freedom rotate. The nearest walmart gas station is 25 miles one way for me too not worth it personally.

If I close all these then the only thing it will effect immediately seems is utilization.
Though in 10yrs AAOA will take a hit.
EQ 773 * EX 786 * TU 797
Message 13 of 17
colinstu
Regular Contributor

Re: Who should I drop if any???

how long was it you got your second card after your first? After 10yrs the age of all the cards is going to average out pretty well and the point drop should be minimal if anything. 

FICOs: TU 775 | EQ 784 | EX 773
Amex BCE $15,000 | Discover IT $11,600 | Chase Freedom $7,000 (Visa Sig) | Citi DoubleCash $6,000 (WEMC) | Chase AARP $6,000 | Barclaycard CashForward $4,000 | Barclaycard Rewards $2,000 | Capital One Quicksilver $1,750
Message 14 of 17
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Established Contributor

Re: Who should I drop if any???

I got the Discover More 3 months after I believe & I closed it Oct of last year though.

I understand my other cards will have aged I guess I'm just looking at a bunch dropping off at the same time.
EQ 773 * EX 786 * TU 797
Message 15 of 17
Involver
Valued Contributor

Re: Who should I drop if any???

Keep the FNBO for the free FICO.  It's no AF so there's absolutely no reason to close it.

Message 16 of 17
MoreRewards
Established Contributor

Re: Who should I drop if any???

That's what I'm thinking. I don't have any other that give me any type of EX score.

If I only close WM & Citi that's only 5k gone for utilization purposes
EQ 773 * EX 786 * TU 797
Message 17 of 17
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