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  1. #1
    Centurion Member MemberSince99's Avatar
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    Default 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.
    FICOS
    TU: 771 April 2014
    EQ: 777 April 2014
    EX: 779 April 2014
    TU08 (Barclay's) 798 April 2014 Statement
    Discover 791 June 15 2014

    Cards:
    Associated Bank Accelerated Rewards Signature Visa 21.5k (05/12)
    Amex Platinum NPSL (5/13 - backdated to 5/99)
    Chase Freedom Signature Visa 11.5k (1/14)
    Amex Everyday Preferred 6k (3/14 - backdated to 3/99)
    Amex Hilton HHonors Surpass 9.5k (7/14 - backdated to 7/99)

    Garden: Card carrying Garden Club member. Gardening for life (and beyond)!
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  2. #2
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    Default

    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?

    Amex BCE: 3% grocery, 2% gas
    Bank of America Better Balance Rewards MC: $25/quarter bonus
    Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
    Capital One Quicksilver Visa Signature: 1.5% everything
    Chase Freedom Visa Signature: 5% rotating
    Chase Sapphire Preferred: 2% travel
    Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
    US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
    Chase Amazon Visa: 3% amazon.com (unused)
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  3. #3
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    Default

    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.
    - Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -
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    Default

    I would see about PCing it to a Priceline, or app for a Priceline and then move the CL there.
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  5. #5
    Centurion Member MemberSince99's Avatar
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    Default

    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.
    FICOS
    TU: 771 April 2014
    EQ: 777 April 2014
    EX: 779 April 2014
    TU08 (Barclay's) 798 April 2014 Statement
    Discover 791 June 15 2014

    Cards:
    Associated Bank Accelerated Rewards Signature Visa 21.5k (05/12)
    Amex Platinum NPSL (5/13 - backdated to 5/99)
    Chase Freedom Signature Visa 11.5k (1/14)
    Amex Everyday Preferred 6k (3/14 - backdated to 3/99)
    Amex Hilton HHonors Surpass 9.5k (7/14 - backdated to 7/99)

    Garden: Card carrying Garden Club member. Gardening for life (and beyond)!
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  6. #6
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    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.
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  7. #7
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    Default

    Quote Originally Posted by DavidNY View Post
    I would see about PCing it to a Priceline, or app for a Priceline and then move the CL there.
    Tried that, can't.

    Amex BCE: 3% grocery, 2% gas
    Bank of America Better Balance Rewards MC: $25/quarter bonus
    Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
    Capital One Quicksilver Visa Signature: 1.5% everything
    Chase Freedom Visa Signature: 5% rotating
    Chase Sapphire Preferred: 2% travel
    Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
    US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
    Chase Amazon Visa: 3% amazon.com (unused)
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  8. Centurion Member MemberSince99's Avatar
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    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.
    FICOS
    TU: 771 April 2014
    EQ: 777 April 2014
    EX: 779 April 2014
    TU08 (Barclay's) 798 April 2014 Statement
    Discover 791 June 15 2014

    Cards:
    Associated Bank Accelerated Rewards Signature Visa 21.5k (05/12)
    Amex Platinum NPSL (5/13 - backdated to 5/99)
    Chase Freedom Signature Visa 11.5k (1/14)
    Amex Everyday Preferred 6k (3/14 - backdated to 3/99)
    Amex Hilton HHonors Surpass 9.5k (7/14 - backdated to 7/99)

    Garden: Card carrying Garden Club member. Gardening for life (and beyond)!
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  9. #9
    Centurion Member Z06Biker's Avatar
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    Default

    I've generally found that right after you apply for a card (and get approved), if you get a low credit limit, you're usually able to talk to a CSR and request a higher credit line without incurring yet another hard inquiry (since you applied that very day).

    All I usually say if it's sub-$5K is, "and what exactly am I supposed to do with that?" They usually read between the lines...
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