Have narrowed it down to my 4 card core

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MemberSince99
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Re: Have narrowed it down to my 4 card core

Postby MemberSince99 » Wed Jul 15, 2015 1:23 pm

Gamma wrote:
MemberSince99 wrote:I've decided which 4 cards I ultimately want to keep long term. The winners are:
Amex PRG
Citi DC
Citi TY Premier
Home Depot

The cuts to be are:
Discover IT
Cap One Buypower

I don't expect anyone to agree with me, and i don't care if you don't - that's your right, just as it's my right to do what I want with my life and my credit. (As I say, when you pay my bills you can start telling me how to live, until then, good luck with that).

Basically at that point it will be two lenders as Home Depot is offered by Citi. The ONLY value of the card since it has no rewards is to allow you to float large purchases at 0%. Well being a homeowner, i can always use that.

Otherwise I'm set until my next vehicle purchase. Not sure when that might be.

My credit life may be boring from here on out, so not sure how much I'll post I'll try to check back from time to time, but look at it this way - you'll have one less aggravation in your day :) Not goodbye, but until we next talk....

Didn't you have a credit card with 20k limit? That could have been useful for balance transfers if you ever needed it. Too bad my fico can't learn from this. They would never close a card because you would lower your overall credit and lower your score. Good to see you're only keeping cards that you want not for the hell of it.


I've had two such cards - both now closed. The most recent was the Chase Amazon Visa that they told me would be a signature card but was not, and then they would not make it a signature card. It's possible they might have upgraded it in a year, but I'd rather not keep it around just to see. I was pretty disappointed with how they handled that. I just decided I don't need them in my wallet.


MemberSince99
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Re: Have narrowed it down to my 4 card core

Postby MemberSince99 » Wed Jul 15, 2015 1:27 pm

morgacj2004 wrote:Re: OP I would have kept the IT. But otherwise looks like good choices. If you are like others on this forum I am sure you will leave the garden again soon enough :)


I actually already did. I left the garden 3 times for various reasons. And I was shot down all 3 times. First time I've been declined like that since my credit was in the toilet with sub 500 scores.

I applied for Cap One Venture for utilization as they are known to give high limits. I went for the Amazon store card for the 5% (even though I really don't like Sync anymore than they like me). And I went for the Best Buy card.

I'm taking that to mean I have the cards I ought to have and just leave it at that. I would honestly be fine without credit cards at this stage. So having any that give me rewards, hey I'm ahead of the game. I'm just not going to live my life worrying about my score or credit or this stupid nonsense anymore. I don't care. I've been down as low as you can get and I've almost reached 800, and frankly it really doesn't matter either way is what I'm learning - life goes on.

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CarefulBuilder14
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Re: Have narrowed it down to my 4 card core

Postby CarefulBuilder14 » Wed Jul 15, 2015 2:14 pm

MemberSince99 wrote:What put me off was them ending the CLI train. With Discover it might be years to get another one now that this was ended.

And the realization I'm not really the market they prefer, as well as reading they tend to prefer merchants in disputes. I only dispute something I flat out got screwed on, which means I've only filed a few disputes in many thousands of transactions over the years, but when I do file, I got screwed BADLY and I want the lender in my court, not holding me down while the merchant bones me.

This combination of factors outweighs the excellent reward structure/customer service for me. They offer killer rewards, but are as stingy as a miser with limits if you have decent credit and high limit cards.

I know Amex has a pretty good track record about disputes, but how is Citi?

MemberSince99 wrote:I actually already did. I left the garden 3 times for various reasons. And I was shot down all 3 times. First time I've been declined like that since my credit was in the toilet with sub 500 scores.

I applied for Cap One Venture for utilization as they are known to give high limits. I went for the Amazon store card for the 5% (even though I really don't like Sync anymore than they like me). And I went for the Best Buy card.


I think I read that Synchrony is declining people for cards when those people have already closed that card within the last year. Maybe it was a different lender doing that, or the policy was slightly different. I can't find the relevant thread of MF. Was there an inquiry?

*I did find the thread: http://ficoforums.myfico.com/t5/Credit-Cards/Just-an-FYI-on-closing-Synch-CC-s/m-p/4109257/highlight/true#M1157633

There is no explicit language for the Amazon card like there is for Chevron/Texaco, but it might be reasonable to conclude that Synchrony doesn't like it on any of their cards.*
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
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Letting new accounts cool off since May
Really not sure what I'll add next or when

MemberSince99
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Re: Have narrowed it down to my 4 card core

Postby MemberSince99 » Thu Jul 16, 2015 5:04 pm

I have no idea how Citi is with disputes - I've never disputed a transaction with them yet. It's pretty rare I dispute anything I have to either have gotten screwed or it was theft (both have happened to me and I disputed both). Hopefully I won't know the answer to that any time soon, but I'm sure someday I'll find out.

And that's entirely possible what happened with the Amazon Prime. I'm fine with that, the last thing I need is more credit cards. I'm sure Sync isn't real happy with me anyway - I paid off my Lowes before they could nail me for interest after carrying the balance for months. They are bound to not have any love for me as a result of that. I totally get it, but I just don't want to pay these guys any interest. If they are going to offer these promotions I will take advantage. But yeah I'm sure they don't like that behavior much.

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Re: Have narrowed it down to my 4 card core

Postby JonE » Thu Jul 16, 2015 6:43 pm

CarefulBuilder14 wrote:
MemberSince99 wrote:What put me off was them ending the CLI train. With Discover it might be years to get another one now that this was ended.

And the realization I'm not really the market they prefer, as well as reading they tend to prefer merchants in disputes. I only dispute something I flat out got screwed on, which means I've only filed a few disputes in many thousands of transactions over the years, but when I do file, I got screwed BADLY and I want the lender in my court, not holding me down while the merchant bones me.

This combination of factors outweighs the excellent reward structure/customer service for me. They offer killer rewards, but are as stingy as a miser with limits if you have decent credit and high limit cards.

I know Amex has a pretty good track record about disputes, but how is Citi?

MemberSince99 wrote:I actually already did. I left the garden 3 times for various reasons. And I was shot down all 3 times. First time I've been declined like that since my credit was in the toilet with sub 500 scores.

I applied for Cap One Venture for utilization as they are known to give high limits. I went for the Amazon store card for the 5% (even though I really don't like Sync anymore than they like me). And I went for the Best Buy card.


I think I read that Synchrony is declining people for cards when those people have already closed that card within the last year. Maybe it was a different lender doing that, or the policy was slightly different. I can't find the relevant thread of MF. Was there an inquiry?

*I did find the thread: http://ficoforums.myfico.com/t5/Credit-Cards/Just-an-FYI-on-closing-Synch-CC-s/m-p/4109257/highlight/true#M1157633

There is no explicit language for the Amazon card like there is for Chevron/Texaco, but it might be reasonable to conclude that Synchrony doesn't like it on any of their cards.*


I can vouch for Amazon since I closed it six months in, then decided to try to reopen/reapply when it become the 5% Prime card. Unsuccessful on both accounts. Still debating whether to add that to the list in the future, Amazon would really be the only reason I would get something like a Sallie Mae, but with Amazon Prime it's uncapped as opposed to $750. I think that's the only 'Store' card I would really find useful since I do quite a bit of shopping on Amazon.
Current Cards: Chase Freedom, Discover IT
Future: TBD

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Re: Have narrowed it down to my 4 card core

Postby kdm31091 » Fri Jul 17, 2015 6:53 am

There's little point to making the thread if you're gonna have all the disclaimers that amount basically to "it's my life! don't criticize!". If you want no opinions, there's no reason to even make the thread...you'll get some critique and some praise, as with any thread.

So Discover stops giving out CLIs like candy every 16 days, and you close them? Kinda silly, since no other issuer is giving you a CLI that often, either. I mean if you close it for other reasons it makes sense but that in and of itself seems like a rather nonsense reason. If Discover doesn't work for you though so be it.

I'm glad you pared down as you saw fit; but then you mention applying for a Venture? You need to make up your mind. You want a minimal amount of cards, right? So opening new accounts that you'll probably close again later is counterproductive.

Nevertheless, good luck with your decisions. I too prefer the "less cards" approach and anytime I do get a new card, my thoughts already turn to what I can edit out later!

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Re: Have narrowed it down to my 4 card core

Postby MemberSince99 » Fri Jul 17, 2015 9:48 am

People can criticize. They are free to disagree with me. That's their right. The point is - it's my credit and I'm going to do what I want to do with it. So you can say dude you are the biggest dumbass on the entire planet for what you do with your credit, and tell me why I'm the biggest dumbass on the entire planet, and I may agree that your points have validity or even that I am a dumbass (though I've seen a few bigger ones), but in the end, I'm gonna do what I'm gonna do and I'm not going to take your helpful (or otherwise) advice.

Feel free to give it, and I'll feel free to ignore it. That's your right to give, and my right to ignore.

I still think you don't get that I don't post here looking for peer (or anyone's) approval or advice - I merely post what I've done and what I've learned as a record for other people to use as they see fit. This isn't MyFICO where I'm asking you "Do you think I should leave the garden" and then you go on and say NO HELL NO that would make you a criminal against credit and get you banned for TOS for dissing our beautiful garden!!!!!! I'm just posting my experiences so people can make what they can of it. If it's a joke, so be it. If you can use what I post to help your goals, that will make my day (actually it will if you laugh too, we need more laughter and less fanaticism in this world).

That's all I'm saying here. It's really as simple as that - no hidden agenda. Take what you can but I'm not seeking advice. I'm man enough to make my decisions and to live with the results of them. And I hope others can learn from what I do right and wrong, and also get a few laughs out of it.

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Re: Have narrowed it down to my 4 card core

Postby kdm31091 » Fri Jul 17, 2015 10:11 am

Nobody's really trying to give you advice. As you stated, you did what you did because you wanted to. All I'm doing is posting my reaction to it. Again, what else is there to say? Congrats? Good job? Bad job?

If what you do makes sense to you then at the end of the day that is all that matters. It's just credit cards, not anything super important in the grand scheme of life, so doing what's best for you is all you can do.

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Re: Have narrowed it down to my 4 card core

Postby CarefulBuilder14 » Fri Jul 17, 2015 11:52 am

kdm31091 wrote:Nobody's really trying to give you advice. As you stated, you did what you did because you wanted to. All I'm doing is posting my reaction to it. Again, what else is there to say? Congrats? Good job? Bad job?

If what you do makes sense to you then at the end of the day that is all that matters. It's just credit cards, not anything super important in the grand scheme of life, so doing what's best for you is all you can do.

I think Member derives pleasure from people arguing with him/saying he's nuts. He can then spend a lot of time writing long posts about how he doesn't care at all what others think of him and his (frequently bizarre) behavior.

(Of course, if he really didn't care about the opinions of others, he wouldn't spend so much time saying so. He'd just ignore those posts.)
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: Have narrowed it down to my 4 card core

Postby MemberSince99 » Sat Jul 18, 2015 11:53 am

CarefulBuilder14 wrote:
kdm31091 wrote:Nobody's really trying to give you advice. As you stated, you did what you did because you wanted to. All I'm doing is posting my reaction to it. Again, what else is there to say? Congrats? Good job? Bad job?

If what you do makes sense to you then at the end of the day that is all that matters. It's just credit cards, not anything super important in the grand scheme of life, so doing what's best for you is all you can do.

I think Member derives pleasure from people arguing with him/saying he's nuts. He can then spend a lot of time writing long posts about how he doesn't care at all what others think of him and his (frequently bizarre) behavior.

(Of course, if he really didn't care about the opinions of others, he wouldn't spend so much time saying so. He'd just ignore those posts.)


I'm glad you are free to think and do as you please, and I'm glad I'm free to do the same. I honestly don't care if anyone on this board agrees or disagrees with me. It doesn't matter in the least.

You guys must be pretty self-important to think I even give a crap - I don't. All opinions here mean less than a yak in central asia farting on the plains. Ok maybe as much as that fart, if we want to get technical.

I guess if it makes you happy to think it really matters, great. It won't hurt a thing in the world for you to continue to think so, and if it brightens your day, that's wonderful.



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