Shot down for 6 month CLI

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MemberSince99
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Shot down for 6 month CLI

Postby MemberSince99 » Thu Jun 25, 2015 6:37 pm

As it was close to the 6 month mark since my last one, I applied for a CLI. It wasn't a 3X, not even close. (Requested to bring the Hilton card from 9.5k to 15k).

Immediately shot down. No counter. Thought I was in pretty good with them, but you just never really know I guess.

Oh well. Can't win em all but that makes me 0 for 2 today. At least neither one was a hard.


dfm990
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Re: Shot down for 6 month CLI

Postby dfm990 » Thu Jun 25, 2015 7:10 pm

Damn that sucks, but oh well another opportunity in 90 days, or whenever after that :)
Amex Gold NPSL (35000 Approved)(11/13)
Discover It $22500 (12/13)
Bank of America Cash Rewards $7000 (3/13)
Amex BCP $6000 (12/14)
Walmart Store Card $3050 (2/10)
Capital One Platinum $2000 (3/11)
Chase Slate $1000 (1/16)

Nixon
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Re: Shot down for 6 month CLI

Postby Nixon » Thu Jun 25, 2015 7:27 pm

It happens...

I never applied for one before last year. :p

In a matter of 7 months, my $5,000 BSP had gone to $24,000...
I'm going to try for my ED to get increase to $4,500.
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MemberSince99
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Re: Shot down for 6 month CLI

Postby MemberSince99 » Thu Jun 25, 2015 8:40 pm

Actually, I'll probably never go for a CLI with Amex again. I closed both the revolvers. I was really only keeping them because of the backdating.

I let 700 dollars worth of rewards bite it on the Hilton. It was the sign up bonus. I just never used the card because work never had me travel like they said I would.

Oh well easy come easy go. I had thought about moving it to my Hilton hotel rewards card (not a credit card, but from Hilton), but what the hell really. Now that they don't backdate, I don't see that I would ever apply for another Amex. I kept the charge card and plan to keep that as one of my final cards.

I'm down to 8 right now. Barclays and both Amex revolvers bit it. I'd ideally like to be at about 4. The choices are starting to get tougher. I'll probably leave it at 5 or 6 but even that's a bit much. I REALLY would like to be at 4 but I just don't want to get rid of that many. They are currently:
Amex PRG NPSL
Chase Amazon Visa 23.5k
Capital One Buypower 10k
Citi Double Cash 15k
Citi TY Premier 7.5k
Bofa Travel Rewards 10k
Discover IT 9.5k
Home Depot 10.1k

If I had to close 2 cards right now it would be Chase and BofA. After that it's really tough I want to keep the rest. I guess if I HAD to dump another it would be the TY Premiere (I'd see if I could move the limit to the DC). Then, damn, I'd be at 5, and I just don't want to get rid of any of the rest. I want to give the DC some spend and Discover has double rewards even if they are going back to their stingy ways with limits, I guess maybe it would be the Buypower, I just really want to keep that.

And for anyone who thinks they were "rage closes" they weren't. Not at all. More like I'm just happy to be moving on and making my life easier to manage. How many cards does anyone REALLY need? I guess I'm finding my need level is about 5 right now - the other 3 are subject to get the axe. Chase after my experience with them would be the first to go, I don't care if the limit is double that. I can't begin to use even 23.5k anyway. About the ONLY good that would do me is it would let me put everything on one card and pay once a month when the statement cuts.

And yeah I see I'm saying contradictory things here - I don't need more limit but I go for it anyway. I'm really starting to see it.

In case anyone was wondering, the EDP rep tried to give me points, then points if I spent so much over the next few months, to keep the card. The other two did not attempt to retain. When I reach the point of closing, they could offer me a grand to keep it and I wouldn't. It isn't about the money it's about getting a load off my back. And I still feel like 8 is too many.

Nixon
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Re: Shot down for 6 month CLI

Postby Nixon » Thu Jun 25, 2015 8:49 pm

I'd have closed the BuyPower instead. Lol.
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CarefulBuilder14
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Re: Shot down for 6 month CLI

Postby CarefulBuilder14 » Thu Jun 25, 2015 11:57 pm

If you're going to:

1. Put more-than-trivial spending on BuyPower
2. Eventually redeem the rewards in vehicle form, and
3. Don't just want it for WEMC perks...

...then DC really seems too similar (and fairly objectively inferior) to make the cut. The CL is nice, but Amazon is nicer.

If those three points aren't the case, then the decision is less clear.

Does your BofA Travel Rewards card have a Preferred Rewards status?

Eventually, your Amazon card can (probably) be VS, just as my Arrival will (probably) eventually get a chip and maybe a PIN. SD-ing might be better than closing outright.

And I see how closing the Amex revolvers does make sense when you don't stay at Hiltons or fit the EDP transaction habits.
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 5:51 am

I honestly feel like I'd rather deal with Cap One these days.

The problem with Hilton was, I NEVER used it, once I got the sign up bonus points. And unlike what my job told me, there is no travel in my future, except hopefully to a better job. So it's not like I really could even expect to realistically use it in the future. I kept it open only due to backdating, and the vain hope that maybe someday I'd be able to use it, but realistically it probably wasn't going to happen.

EDP I could have used but, what would MR points really do for me if I'm not travelling? In this case cash back would have been better. (Thus the DC, Discover IT, etc).

Yeah I know maybe in a year or so Chase might allow that card to become a Signature card. The BofA card ALREADY IS Signature so I don't have to wait a year and hope they will do that. I'm not sure though that with an Amex PRG and two WE MCs I really care so much about Signature to be honest as those cards would cover what I'm looking for. But because of the lesser benefits, I don't see myself using the Chase card and I really don't want a card I'm just going to keep around in the hope that someday it would be useful to me, maybe. That's of NO value to me personally. Since I have better protections on my other cards I would simply not buy anything on the Chase card. So I don't see it having a future.

Honestly guys, I'm ALMOST to the point I'd get rid of ALL of these things and go back to cash/checks/debit card. I'm just afraid of getting my bank account drained by thieves who will get away with the theft totally free since our society seems to believe that criminals have far more rights than victims do, and basically encourages this behavior by not prosecuting it for the most part, so I don't know if I could REALLY go all in on that. And if I'm carrying cash I already know if the cops shake me down they will rob me as surely as any criminal will (it's just legal if they steal from me). So will I do that? Probably not. But I do think about it more than I'd like to admit. There are days I just wish I'd have gotten one or two good cards, kept that and called it a success.

MemberSince99
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Re: Shot down for 6 month CLI

Postby MemberSince99 » Fri Jun 26, 2015 6:10 am

After having slept on it, I just responded to Chase's message about the Amazon Visa. I told them to just close it immediately.

I really don't care to let it just sit around for a year to be honest. The only cards I care to have need to something I can use today. And a Visa Platinum just makes no sense to use when I have WE MCs and an Amex charge card because they offer me better protections and perks. It's just really as simple as that.

And if Discover keeps cutting perks, despite the doubled rewards they may not get much use either. At least they called it a nice sounding buzzword when they did it. You know, that's just corporate America in a nutshell. Who says they have no sense of humor? You know, it used to be you got "fired", then it was "laid off", then "downsized" then "rightsized". Soon I imagine it will be "wonderfulsized" and eventually "orgasmsized". Hey that sounds terrific, who could think that's a bad thing?

Anyway that's done....I'm down to 7 and looking to cut at LEAST one more. I'm just going to give it thought. The first cuts are easy but after that it gets harder.

Nixon
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Re: Shot down for 6 month CLI

Postby Nixon » Fri Jun 26, 2015 8:27 am

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?
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takeshi
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Re: Shot down for 6 month CLI

Postby takeshi » Fri Jun 26, 2015 8:53 am

MemberSince99 wrote:And for anyone who thinks they were "rage closes" they weren't.

This is clearly an impostor. Image

MemberSince99 wrote:Honestly guys, I'm ALMOST to the point I'd get rid of ALL of these things and go back to cash/checks/debit card.

But there's the real deal!



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