Thoughts on closing LOC's

[pizza1]

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@FinStar wrote:

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@pizza1 wrote:

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@ldkcivilservant wrote:

How sizable a percentage of your total credit portfolio are these LOCs?

If more than 15-20%, I personally would keep them on. If below that and they really don't get any use, dump 'em.

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@ldkcivilservant , like 3-4%, lol...I have  a lot of credit. 

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So we don't leave this thread hanging, which decision did you reach on your LOCs @pizza1? 

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@FinStar , lol. Im more concerned about my Chase Amazon Visa right now, I cant think about  this, LOL... I guess I will just leave it alone for now, and for sure keep the Navy LOC. I was lucky enough to get max on it.  Havent decided about PF yet. 

[FinStar]

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@pizza1 wrote:

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@FinStar wrote:

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@pizza1 wrote:

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@ldkcivilservant wrote:

How sizable a percentage of your total credit portfolio are these LOCs?

If more than 15-20%, I personally would keep them on. If below that and they really don't get any use, dump 'em.

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@ldkcivilservant , like 3-4%, lol...I have  a lot of credit. 

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So we don't leave this thread hanging, which decision did you reach on your LOCs @pizza1? 

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@FinStar , lol. Im more concerned about my Chase Amazon Visa right now, I cant think about  this, LOL... I guess I will just leave it alone for now, and for sure keep the Navy LOC. I was lucky enough to get max on it.  Havent decided about PF yet. 

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I'd hold onto it for sure.  You can always evaluate things down the road if anything.  Since the CLOC isn't hurting anything, and given NFCU lending criteria for CLOCs these days, I'm keeping mine as well 😁  

[Mr_Mojo_Risin]

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@pizza1 wrote:

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@FinStar wrote:

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@pizza1 wrote:

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@ldkcivilservant wrote:

How sizable a percentage of your total credit portfolio are these LOCs?

If more than 15-20%, I personally would keep them on. If below that and they really don't get any use, dump 'em.

---

@ldkcivilservant , like 3-4%, lol...I have  a lot of credit. 

---

So we don't leave this thread hanging, which decision did you reach on your LOCs @pizza1? 

---

@FinStar , lol. Im more concerned about my Chase Amazon Visa right now, I cant think about  this, LOL... I guess I will just leave it alone for now, and for sure keep the Navy LOC. I was lucky enough to get max on it.  Havent decided about PF yet. 

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Am I right to assume that the PLOC from PenFed has a little more stringent approval criteria than one of their cards? 

[FinStar]

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@Mr_Mojo_Risin wrote:

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@pizza1 wrote:

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@FinStar wrote:

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@pizza1 wrote:

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@ldkcivilservant wrote:

How sizable a percentage of your total credit portfolio are these LOCs?

If more than 15-20%, I personally would keep them on. If below that and they really don't get any use, dump 'em.

---

@ldkcivilservant , like 3-4%, lol...I have  a lot of credit. 

---

So we don't leave this thread hanging, which decision did you reach on your LOCs @pizza1? 

---

@FinStar , lol. Im more concerned about my Chase Amazon Visa right now, I cant think about  this, LOL... I guess I will just leave it alone for now, and for sure keep the Navy LOC. I was lucky enough to get max on it.  Havent decided about PF yet. 

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Am I right to assume that the PLOC from PenFed has a little more stringent approval criteria than one of their cards? 

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You would be correct.

[Mr_Mojo_Risin]

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@FinStar wrote:

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@Mr_Mojo_Risin wrote:

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@pizza1 wrote:

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@FinStar wrote:

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@pizza1 wrote:

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@ldkcivilservant wrote:

How sizable a percentage of your total credit portfolio are these LOCs?

If more than 15-20%, I personally would keep them on. If below that and they really don't get any use, dump 'em.

---

@ldkcivilservant , like 3-4%, lol...I have  a lot of credit. 

---

So we don't leave this thread hanging, which decision did you reach on your LOCs @pizza1? 

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@FinStar , lol. Im more concerned about my Chase Amazon Visa right now, I cant think about  this, LOL... I guess I will just leave it alone for now, and for sure keep the Navy LOC. I was lucky enough to get max on it.  Havent decided about PF yet. 

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Am I right to assume that the PLOC from PenFed has a little more stringent approval criteria than one of their cards? 

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You would be correct.

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Thank you for your response!