Thread: Decided which card(s) to close

With the issuers seeming to be giving out decent limits these days when they want your business (and if they don't, trust me nothing you do is going to convince them otherwise) I've decided that Barclay's is going to be closed. I just paid a bill on it, as soon as it posts which should be Monday, I'll pay it, and call to close the card.
A 2k limit is something I would have LOVED a year and a half ago, but right now, it's a waste of time to have to feed now and then to keep open. Just the honest truth.

And I've decided to see what Discover does next. If I don't get an auto cli after 6 months with that to at least 5k, it's gone too. Their customer service is great, but if they are truly that conservative, well more power to them I guess, Cap One is conservative also and I have no use for them either at this point in life. Just an honest assessment of where things are.

The others I plan on keeping for now. Maybe in a few months I'll try for something with the goal of getting a starting limit of 10k or higher and re-evaluate my current cards if I should get something interesting. Right now I'm truly not at all interested in ANYTHING under 5k (except Target, 1k is fine though 2 would be better) and only marginally interested in anything under 10k. 2 of my current cards meet the preferred criteria, so I'd like to get all the ones I use regularly up to that, or just not use them.

Last but not least I'm app free in 2013 thus far on all three bureaus, and in June is when I'll look with the goal of getting a higher limit card to add to the portfolio. (10k is preferable as mentioned). I'll have no inquiries in 6 months then. And I don't know who it will be, but I'm blacklisted with Amex, have NO interest in Citi, and Chase is a dead end for me so it won't be those guys. Suggestions are welcome if you wish. I don't qualify for USAA or Penfed or NCFU just as an FYI.

I really want to close my oldest card (Amazon Visa $2k) since they wont give me a CLI and yet all of my other cards are 3x or more of that CL.

However I'm going to let my Barclays NFL Extra Points Visa sit idle and just let them close it. Isn't Barclays known for closing due to inactivity?

Close 'em all!

I fail to see the purpose of closing a card with no annual fee. Sock drawer it and let them close it when they want to.

I would see about PCing it to a Priceline, or app for a Priceline and then move the CL there.

The issue really isn't the card itself, or the rewards, but simply the low limit, which is unlikely to grow anytime soon.

The thing with this card is, had I known that was the limit I would get, I would not have applied for it. I really did not want it with that limit. I tried to recon it higher but they would not budge.

I only have so many dollars to feed these guys, I'd rather give the business to those who give me a real world limit. It's really just that.

If you app for a Priceline and get it, you would have a CL there, then moving the CL from your existing card would make it CL+$2k.

Originally Posted by DavidNY

I would see about PCing it to a Priceline, or app for a Priceline and then move the CL there.

Tried that, can't.

Card is closed.

Next on the chopping block - Discover. I know if they like you they can and will give you an auto CLI at 3 months, and for sure by 6 months. So, if July rolls around and I'm still at the current limit, I'll get the message loud and clear and they will be next, despite that great customer service they have.

I'm totally serious that I'm not interested at all in any card with a sub 5k limit anymore, other than Target, given my current cards. I don't care if they are "conservative" or if they want to see how I handle my account for the rest of my life or whatever lame excuse - do what you have to do, and so will I, that's the name of the game here.

I'd also like to add that the CSR I spoke with was obviously foreign (accent) which was NOT British by the way. So they are outsourcing that at Barclay's. That means it breaks my heart a little bit less to cut the cord with them.

I should add too the CSR offered to check if I could get a CLI, which I declined as I don't want any inquiries. I'm inquiry free this year and want to get to June, then at that time I'll evaluate if there are any cards worth applying for (in my personal view of course) with a previous 6 months clean slate. The kicker is, not that I would apply with them, but if I applied with Citi, they'd decline it with the reason "No inquires within the previous 6 months". I seriously could see them do that.