- Centurion Member
- Posts: 3934
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
CarefulBuilder14 wrote:I find it alarming how applying for low/no-bonus store cards on a "try it and see" basis (and then closing them after a few weeks, if that) has become conflated with gardening.
ETA: Any guesses as to how long it will take for closing cards to go out of fashion?
The "garden thread" is a joke on there. None of them actually garden for any real length of time (and the few that do are not heavy posters on the thread ironically).
MF is usually very against closing cards as a rule. Store cards seem to be "ok" to close but closing any "real" card? If you make a thread about it you are given 500 usually meaningless reasons to keep it. Not that there's never a good reason to keep a card, but some of them act like you're committing a mortal sin if you want to just move on from a card.
I think a lot of what happens on MF is not driven by the various stated goals of:
-Having many accounts (or only a few)
-Broad issuer diversification (or simplicity)
-Maximizing rewards or total credit limits
...but instead by the compulsion for constant activity. Any
Ideally, credit activity should be progress towards a particular goal, following a consistent plan. That plan may involve closing rebuilder cards and/or getting cards strategically just for bonuses, but the plan shouldn't change frequently.
However, if someone is driven to always be doing something
, then it's easier to change the goal to justify activity than it is to keep the goal and just be patient.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May