Shot down for 6 month CLI

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MemberSince99
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Re: Shot down for 6 month CLI

Postby MemberSince99 » Fri Jun 26, 2015 10:25 am

Nixon wrote:To be honest....I'd have closed an Amazon card as well....Lol.

You can always get new cards if need.

Question for you though. What about diversity in lenders?


Good question. I will certianly have less diversity in lenders. Thus I run a bit of a risk if any of them do something that causes me to not want to do business with them that I may not have a replacement readily available.

I've decided that is a risk I'm willing to take.

I still ideally want to get the total to no more than 4 cards. It's just getting harder to cull further cards. Even 4 when you think about it seems like a lot to manage. Most people I know have ONE card and seem to do just fine with that.


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CarefulBuilder14
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Re: Shot down for 6 month CLI

Postby CarefulBuilder14 » Fri Jun 26, 2015 11:21 am

Well, at least when you open up a Barclaycard Ring in an equally bizarre decision, they might give you a great CL. You're quickly ridding yourself of "sufficient credit".

There's nothing wrong with just wanting 4 cards, but it is weird when those 4 cards change constantly and you're not even getting/efficiently using the bonuses.
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MemberSince99
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Re: Shot down for 6 month CLI

Postby MemberSince99 » Fri Jun 26, 2015 12:45 pm

CarefulBuilder14 wrote:Well, at least when you open up a Barclaycard Ring in an equally bizarre decision, they might give you a great CL. You're quickly ridding yourself of "sufficient credit".

There's nothing wrong with just wanting 4 cards, but it is weird when those 4 cards change constantly and you're not even getting/efficiently using the bonuses.



You know what they say about "assuming", don't you?

I really could not care ANY less if my decisions seem bizarre to you, in case you were wondering. It doesn't bother even a teeny tiny bit.

I'm going to assume that has broken your heart and you are crying hysterically. It's ok, it willl pass, just let it go.

If you are just devastated by the fact I don't care what you think, I can pretend if it helps you feel better.

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Re: Shot down for 6 month CLI

Postby Nixon » Fri Jun 26, 2015 1:26 pm

CarefulBuilder14 wrote:Well, at least when you open up a Barclaycard Ring in an equally bizarre decision, they might give you a great CL. You're quickly ridding yourself of "sufficient credit".

There's nothing wrong with just wanting 4 cards, but it is weird when those 4 cards change constantly and you're not even getting/efficiently using the bonuses.


Ring was an APR milestone for me as well as a great cash advance option for my trips to vegas.
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CarefulBuilder14
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Re: Shot down for 6 month CLI

Postby CarefulBuilder14 » Fri Jun 26, 2015 3:59 pm

MemberSince99 wrote:You know what they say about "assuming", don't you?

I really could not care ANY less if my decisions seem bizarre to you, in case you were wondering. It doesn't bother even a teeny tiny bit.

I'm going to assume that has broken your heart and you are crying hysterically. It's ok, it willl pass, just let it go.

If you are just devastated by the fact I don't care what you think, I can pretend if it helps you feel better.

I don't care what you think of me, and you don't care what I think of you. Let's drop that and focus on the cards.

I will never again comment on your overall credit card strategy and habits in a comprehensive, logical way. You clearly don't welcome my input, and have routinely ignored it. I think it's fine to talk about the merits of specific cards.

I have no problem with you commenting on my credit strategy and/or habits, if you wish to do so.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

MemberSince99
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Re: Shot down for 6 month CLI

Postby MemberSince99 » Fri Jun 26, 2015 7:41 pm

CarefulBuilder14 wrote:
MemberSince99 wrote:You know what they say about "assuming", don't you?

I really could not care ANY less if my decisions seem bizarre to you, in case you were wondering. It doesn't bother even a teeny tiny bit.

I'm going to assume that has broken your heart and you are crying hysterically. It's ok, it willl pass, just let it go.

If you are just devastated by the fact I don't care what you think, I can pretend if it helps you feel better.

I don't care what you think of me, and you don't care what I think of you. Let's drop that and focus on the cards.

I will never again comment on your overall credit card strategy and habits in a comprehensive, logical way. You clearly don't welcome my input, and have routinely ignored it. I think it's fine to talk about the merits of specific cards.

I have no problem with you commenting on my credit strategy and/or habits, if you wish to do so.


Not really. Do whatever works for you. That's how I do it too. I'm not posting here because I'm soliciting people's opinions of what I should do with my credit. I'm posting my personal experiences, learning and cards. People can learn from that or laugh at it as they wish. My hope is maybe they do both. But hey, it's entirely up to the individual.

So laugh or shake your head as you like, but just because you offer an opinion, or snide comments as the case may be, I'm certainly not under any obligation to take the advise, or care.

As long as what you do works for you, great, all the power in the world to you. What works for me may be completely the opposite. I have a personal saying - when someone wants to pay my mortgage for me is the day they can come onto my property and tell me what to do with it. Until then, good luck with that. Likewise, unless they are paying my bills, they aren't going to get very far with advising me what to do with my credit.

Anyway no hard feelings here.

MemberSince99
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Re: Shot down for 6 month CLI

Postby MemberSince99 » Fri Jun 26, 2015 7:53 pm

Almost forgot to mention I'm now down to 6 cards. I feel like I can reasonably comfortably live with that, though to me 4 would be ideal. But hey it's always easier to close a card than to get one so I'm thinking I will pretty much stay put with what I have for the time being.

The survivors are:
Amex PRG NPSL
Citi DC 15k
Citi TY Premiere 7.5k
Discover IT 9.5k
Cap One Buypower 10k
Home Depot 10.1k

I'm ok with keeping this lineup. I'm honestly not sure I can really give proper business to all of them though. I'm happiest with Citi so they are going to get the lion's share of swipes, despite Discover having double rewards for a year. Home Depot is just a niche card to put big dollar items for the 0% promotions on - that's It. It's worth having as a homeowner for that reason alone to me. And the Amex I keep because that way I don't have to pay for AAA, among other things.

Each of them serves some purpose for me. Again not sure I can really give a great deal of business to ALL of them, but at least I think this will be not so much for me to manage.

Those combined limits are still over 50k not including the Amex. Recently I had about 130k. It really was starting to get nuts. I'll still happily take CLIs, but at least I don't think this will be considered an excess of revolving credit.

Speaking of CLIs it appears the Discover was a decline as I haven't heard and the limit did not increase. At least they didn't claw back like I heard happened to some guy on FICO. Now THAT would have really hacked me off. I'll just try again in a few months.

MrMosby
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Re: Shot down for 6 month CLI

Postby MrMosby » Sun Jun 28, 2015 8:09 am

MemberSince99 wrote:The survivors are:
Amex PRG NPSL
Citi DC 15k
Citi TY Premiere 7.5k
Discover IT 9.5k
Cap One Buypower 10k
Home Depot 10.1k


There really seems to be no logic with that set at all other than choosing to close cards based on who pissed you off this week.

Your spending is going to be so spread out you aren't maximizing your rewards, and none of those cards can really transfer points between each other's programs.
Everyday Preferred $45K | Amex Platinum NPSL | Citi Hilton HHonors Reserve $45K | Delta Platinum $30K | Chase Sapphire Preferred $64K | Citi Hilton HHonors $45K | Discover IT $25K

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CarefulBuilder14
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Re: Shot down for 6 month CLI

Postby CarefulBuilder14 » Sun Jun 28, 2015 9:26 am

Well, okay, then. Glad it's not a big deal.

Is the Cap One Buypower card just there so you have a WEMC? What share of your spending will it get? Do you intend to eventually redeem the rewards on it?

I'd take 12% (or just 6%) cash back at HD over 6 months of "no interest" financing. I PIF, though.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
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Really not sure what I'll add next or when

MemberSince99
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Re: Shot down for 6 month CLI

Postby MemberSince99 » Mon Jun 29, 2015 11:16 am

Most of the closings had nothing to do with them pissing me off. The exception to a small degree is Chase. I just didn't feel like keeping around a card that I wouldn't be using for a year or longer. I'd be better off if I want it to just re-apply but after my experience with them, I don't see that happening. Otherwise, not sure where you got the impression I'm just ranting and raging at them as I closed these cards. I already said it had nothing to do with that it's me trying to get a grip and a handle on this and on life.

And I don't care about worrying about every possible penny I could get in rewards. If I did I'd simply have kept EDP and used that for groceries and so on. I don't care about maximizing rewards anymore, if I ever really did. I care about keeping a few lenders in good standing.

I am sure I already stated this, but say you are REALLY worried about every possible penny here. Every cent matters so much to you that you'd happily dig through a dog turd with your bare hands to find a penny in it. Ok, then what is that REALLY going to make you at the end of a year? 10 dollars more? 20? In my case, the difference was so minimal it's not worth my time to worry about it. I'd be better off doing lots of other things to save or earn money.

As for the Buypower, initially part of the draw was a no annual fee WEMC. It doesn't hurt it has a nice starting limit, and I do plan to use the rewards (or else they would be pointless). It doesn't make much sense to put more than 5k a year through it. So after say 4 years I'd have a grand to apply towards a vehicle at that rate. It's a 5% return that's about as good as you can generally get. (I know there are always exceptions).

Really this assumption I just get hacked off at lenders for no reason and call them up screaming to cancel the card is pretty much just people's imaginations. Most of the time it's a very cordial conversation. The CSR just wants to get it done and move on, and usually that's all I want too. And even if I was pissed as I was at how Chase handled that, I didn't bother to take it out on them - why? The CSR in question did nothing, and can't help me, and there is no point hassling them. I'm not happy with Chase, but that's not that CSRs fault. They do have some CSRs who really ought to bother to give some SERVICE instead of just make it up as they go, but that would be doing their job and some obviously don't much care about that. But I didn't rage at any of them for it. I just moved on.

I don't really get why anyone truly cares in some emotional way what I do with my own life and my own credit. I really don't have to justify it to anyone on this board quite frankly. You're free to disagree but I don't have to justify anything I do to any of you - I only have to justify it to me. And this is the card lineup I want to keep at present. If it's not what you would have done, hey, do what you want to with your cards. More power to you. And again - I'm not soliciting opinions on what I should do here. I'm just posting for the benefit of others.



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