Should I shove the duck in the sockdrawer or kick him to the curb?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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otter
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Should I shove the duck in the sockdrawer or kick him to the curb?

Postby otter » Thu Apr 17, 2014 8:00 pm

So I just applied and was approved for the Citi Dividend card for the 5% categories. Honestly, the Citi's categories don't fit my spend as well as Freedom or It, but- who knows... Citi may decide to have categories I use often (restaurants, gas, etc) at different times than the other two in the future.

This means I've exceeded my personal limit of 8 cards (not including the PRG charge card). So sorry, Duck, you seem to be the odd man(or bird) out. Should I sockdrawer the bird or dropkick him? I'm asking everyone but Member because I know he would suggest a slow, painful torture for the poor bird.

Seriously, should I sockdrawer my only $10k card or close it... I'm sure at least a few of my cards will be 10k by the end of the year.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450


MemberSince99
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Postby MemberSince99 » Thu Apr 17, 2014 8:20 pm

otter I say keep it. Keep an eye on it so you don't get stuck with fraud, but keep it in the drawer. For all you know they may decide to close it on their own if you don't use it. I say keep it until you get something else with a 10k or higher limit and then dump it. At that point it does you no real good unless utilization is an issue. Given your scores I doubt it matters.


I would never suggest slow painful torture, I endure that everyday in the corporate hell I slave in (of the mental and emotional sort), wouldn't wish it on anyone else, but I will say OCCU is one lender I would never recommend to anyone or touch myself again. They make Cap One look like Amex. I'm sure they don't care but they are on my personal blacklist for life. Given I won't be moving to Oregon that's meaningless but oh well....

TheLethargicAge
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Postby TheLethargicAge » Thu Apr 17, 2014 11:08 pm

otter wrote:So I just applied and was approved for the Citi Dividend card for the 5% categories. Honestly, the Citi's categories don't fit my spend as well as Freedom or It, but- who knows... Citi may decide to have categories I use often (restaurants, gas, etc) at different times than the other two in the future.

This means I've exceeded my personal limit of 8 cards (not including the PRG charge card). So sorry, Duck, you seem to be the odd man(or bird) out. Should I sockdrawer the bird or dropkick him? I'm asking everyone but Member because I know he would suggest a slow, painful torture for the poor bird.

Seriously, should I sockdrawer my only $10k card or close it... I'm sure at least a few of my cards will be 10k by the end of the year.


Run it over.

As for the Dividend, I doubt you'll ever see any useful categories on it.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)



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