- Centurion Member
- Posts: 532
- Joined: Thu Jan 17, 2013 7:20 pm
- Location: United States
The big question you should be asking here is, "What are my overall goals?" Reducing the number of cards you carry is easy...just leave some in the sock drawer. Canceling them outright has implications for your overall credit picture (overall credit limit and AA0A).
Take for example your Chase Marriott. You say you don't need it and you'd probably like to avoid paying $85 a year for it. But $12K in credit limit is nothing to sneeze at. Why not ask Chase to cancel the product but transfer the available line to your CSP? That would keep your overall CL and have a smaller impact on your scores.
I'm like you on the Amex Platinum. I need the card for my travels...that is not going to change. But up until a few months ago, it was my go-to card for almost everything. The problem is that MR isn't what it used to be, and I might want cash back in my pocket (USAA card works here), or a superior travel program like the CSP. So in my case, my Amex Platinum is now only used for personally booked travel and Costco.
Your Hawaiian Airlines Visa looks suspect with its small limit and $50 AF, but since you live in Hawaii, there are probably inter-island travel perks with that card.
Again, it's all about your priorities? Do you want cash back? Travel options? It's up to you.
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)