As my name says I am learing credit so pardon the ignorance but I need help.
I have been working on my credit for the past few months and I am pretty happy where I am currently at. I now have the below as primary card holder:
Personal:
Amex Plat / NPSL, Amex Gold / NPSL, Discover It 8k, Amex Blue Cash Preferred 1k, SavorOne 2k, QuiksilverOne 600, CapOne Secured Platinum 200, Chase Saphire Preferred 5k
Business:
Amex Plat / NPSL, Amex Blue Business Plus
As an AU I have the below:
Chase 5k, Amex Delta Gold 48k, Discover It 25,900
I was thinking of removing myself as an AU on the above AU accounts cause they belong to my mother whom is expecting to make large purchases (home remodeling). My question for the forum is will it make a HUGE difference if I remove these AU accounts although my remaining accounts where I am primary will be AZEO. I know I will take a hit of a few points due to the AAOA being reduced caused my mothers accounts are aged but my doubt is in if I go remove close to 80k of available credit and stay with only roughly 16800 (maybe 50.00 cause one will report a small balance monthly)
@learningcredit54 wrote:As my name says I am learing credit so pardon the ignorance but I need help.
I have been working on my credit for the past few months and I am pretty happy where I am currently at. I now have the below as primary card holder:
Personal:
Amex Plat / NPSL, Amex Gold / NPSL, Discover It 8k, Amex Blue Cash Preferred 1k, SavorOne 2k, QuiksilverOne 600, CapOne Secured Platinum 200, Chase Saphire Preferred 5k
Business:
Amex Plat / NPSL, Amex Blue Business Plus
As an AU I have the below:
Chase 5k, Amex Delta Gold 48k, Discover It 25,900
I was thinking of removing myself as an AU on the above AU accounts cause they belong to my mother whom is expecting to make large purchases (home remodeling). My question for the forum is will it make a HUGE difference if I remove these AU accounts although my remaining accounts where I am primary will be AZEO. I know I will take a hit of a few points due to the AAOA being reduced caused my mothers accounts are aged but my doubt is in if I go remove close to 80k of available credit and stay with only roughly 16800 (maybe 50.00 cause one will report a small balance monthly)
You'll still have the low utilization percentage, so it won't affect you in terms of utilization. So IMHO you should do it.
As you said you'll take an AAoA hit but your utilization may be better off without her upcoming expenses. I'd probably go ahead and remove the AU accounts, especially if you're not looking to open any new accounts in the near future.
@PNWRambler wrote:As you said you'll take an AAoA hit but your utilization may be better off without her upcoming expenses. I'd probably go ahead and remove the AU accounts, especially if you're not looking to open any new accounts in the near future.
I am not planning on opening any new accounts until December so I may just follow your advice. Who knows, maybe once my new creditors see 6 months of responsible credit management, PIF for statement dates - AZEO - one of them may just give me a CLI. Wishful thinking maybe but lets see what happens.
@SouthJamaica wrote:
@learningcredit54 wrote:As my name says I am learing credit so pardon the ignorance but I need help.
I have been working on my credit for the past few months and I am pretty happy where I am currently at. I now have the below as primary card holder:
Personal:
Amex Plat / NPSL, Amex Gold / NPSL, Discover It 8k, Amex Blue Cash Preferred 1k, SavorOne 2k, QuiksilverOne 600, CapOne Secured Platinum 200, Chase Saphire Preferred 5k
Business:
Amex Plat / NPSL, Amex Blue Business Plus
As an AU I have the below:
Chase 5k, Amex Delta Gold 48k, Discover It 25,900
I was thinking of removing myself as an AU on the above AU accounts cause they belong to my mother whom is expecting to make large purchases (home remodeling). My question for the forum is will it make a HUGE difference if I remove these AU accounts although my remaining accounts where I am primary will be AZEO. I know I will take a hit of a few points due to the AAOA being reduced caused my mothers accounts are aged but my doubt is in if I go remove close to 80k of available credit and stay with only roughly 16800 (maybe 50.00 cause one will report a small balance monthly)
You'll still have the low utilization percentage, so it won't affect you in terms of utilization. So IMHO you should do it.
Thats what I was thinking but was unsure so I came running to the forum.. Appreciate the feedback. Maybe within a few years I can get these lines myself..
@learningcredit54 wrote:
@SouthJamaica wrote:
@learningcredit54 wrote:As my name says I am learing credit so pardon the ignorance but I need help.
I have been working on my credit for the past few months and I am pretty happy where I am currently at. I now have the below as primary card holder:
Personal:
Amex Plat / NPSL, Amex Gold / NPSL, Discover It 8k, Amex Blue Cash Preferred 1k, SavorOne 2k, QuiksilverOne 600, CapOne Secured Platinum 200, Chase Saphire Preferred 5k
Business:
Amex Plat / NPSL, Amex Blue Business Plus
As an AU I have the below:
Chase 5k, Amex Delta Gold 48k, Discover It 25,900
I was thinking of removing myself as an AU on the above AU accounts cause they belong to my mother whom is expecting to make large purchases (home remodeling). My question for the forum is will it make a HUGE difference if I remove these AU accounts although my remaining accounts where I am primary will be AZEO. I know I will take a hit of a few points due to the AAOA being reduced caused my mothers accounts are aged but my doubt is in if I go remove close to 80k of available credit and stay with only roughly 16800 (maybe 50.00 cause one will report a small balance monthly)
You'll still have the low utilization percentage, so it won't affect you in terms of utilization. So IMHO you should do it.
Thats what I was thinking but was unsure so I came running to the forum.. Appreciate the feedback. Maybe within a few years I can get these lines myself..
I'm sure you will.
@SouthJamaica wrote:
@learningcredit54 wrote:
@SouthJamaica wrote:
@learningcredit54 wrote:As my name says I am learing credit so pardon the ignorance but I need help.
I have been working on my credit for the past few months and I am pretty happy where I am currently at. I now have the below as primary card holder:
Personal:
Amex Plat / NPSL, Amex Gold / NPSL, Discover It 8k, Amex Blue Cash Preferred 1k, SavorOne 2k, QuiksilverOne 600, CapOne Secured Platinum 200, Chase Saphire Preferred 5k
Business:
Amex Plat / NPSL, Amex Blue Business Plus
As an AU I have the below:
Chase 5k, Amex Delta Gold 48k, Discover It 25,900
I was thinking of removing myself as an AU on the above AU accounts cause they belong to my mother whom is expecting to make large purchases (home remodeling). My question for the forum is will it make a HUGE difference if I remove these AU accounts although my remaining accounts where I am primary will be AZEO. I know I will take a hit of a few points due to the AAOA being reduced caused my mothers accounts are aged but my doubt is in if I go remove close to 80k of available credit and stay with only roughly 16800 (maybe 50.00 cause one will report a small balance monthly)
You'll still have the low utilization percentage, so it won't affect you in terms of utilization. So IMHO you should do it.
Thats what I was thinking but was unsure so I came running to the forum.. Appreciate the feedback. Maybe within a few years I can get these lines myself..
I'm sure you will.
Appreciate those positive vibes. I want my siggy having a 6 figure cl like yours.