Thinning the herd again (2024)

@Jnbmomwrote:

@AverageJoesCreditwrote:

@Jnbmomwrote:

Yup I am gonna close my truist cards never ever use . And then will look for others I don't use . Just hard to keep rotating the SD cards and tired of it , grateful for all I have it was definitely hard work but now that I have decent lines for quite some time I need to cut quite a few.

How many do you currently hold Mom if you don't mind me asking?

I don't mind 42 now with closed AMEX, would like to get down to 30, then reevaluate again in January .

Do you plan to close these 12 cards together? Or would you do it slowly e.g. 3-4 cards per month?

@xenon3030wrote:

@Jnbmomwrote:

@AverageJoesCreditwrote:

@Jnbmomwrote:

Yup I am gonna close my truist cards never ever use . And then will look for others I don't use . Just hard to keep rotating the SD cards and tired of it , grateful for all I have it was definitely hard work but now that I have decent lines for quite some time I need to cut quite a few.

How many do you currently hold Mom if you don't mind me asking?

I don't mind 42 now with closed AMEX, would like to get down to 30, then reevaluate again in January .

Do you plan to close these 12 cards together? Or would you do it slowly e.g. 3-4 cards per month?

I will close a few every month til end of the year . In January I closed 6 in one month which didn't effect anything

EXP 780 EQ 798 TU 804

@Jnbmomwrote:

@AverageJoesCreditwrote:

@Jnbmomwrote:

Yup I am gonna close my truist cards never ever use . And then will look for others I don't use . Just hard to keep rotating the SD cards and tired of it , grateful for all I have it was definitely hard work but now that I have decent lines for quite some time I need to cut quite a few.

How many do you currently hold Mom if you don't mind me asking?

I don't mind 42 now with closed AMEX, would like to get down to 30, then reevaluate again in January .

Get er done. Perhaps to below 25 by the end of 2025.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950

Since my oldest open card is < 2 years, I'm a little slow to close any. I have a visa with commerce bank I plan to close. It's cb is useless, cl $2000 and I have no other accounts with them. Its a year old, my first visa, I opened it for a $250 sub. I now have three other visas.

I would close my quicksilver, but they occasionally come up with a deal I like in online offers. I have a Capone savings I use some, and a Capone checking I opened for $350 sub, should close that.

I suppose I find it little bother to have a card with a bank I have other accounts with, I have their app anyway.

@Jnbmomwrote:

@longtimelurker Yes I agree on your points, mainly I am just tired of rotating all these cards . It's become stressful and I almost was late on one of my cards recently b/c I had forgotten I used it to keep active . After that I was like I have got to review these cards lol

Yes it can be a job.. I thinkI am down to around 28-30ish between personal/business and would love to drop another 10 of them and likely will. I try to justify a few of them due to CL vs use and reality of benefits and use. I do charge once every 6 months $5 reloads on amazin on ones I dont use normally and just pay them all in one go but tired of that as well. I think around 10 is likely # of cards I would finally be happy with that wouldnt be to much extra work/stress and maxiimize rewards and other perks. Some of my cards are just for "free" hotel nights such as IHG and work the 49$ a year so those wont be going anywhere.

@gingerflowerwrote:

@Jnbmom

I am debating whether to close my Hilton and Delta especially with the Delta annual fee of $150 is coming soon. Will closing both these Cc hurt my rating with AMX?

@gingerfloweri have the same two, and often think the same as you. If not too late, I recommend just downgrading them and waiting for a future upgrade offer. I also like keeping an Amex or two for the offers and extended warranty on purchases.

Cards & Loans


myFICO | 755↓

@FicoMike0wrote:

Since my oldest open card is < 2 years, I'm a little slow to close any. I have a visa with commerce bank I plan to close. It's cb is useless, cl $2000 and I have no other accounts with them. Its a year old, my first visa, I opened it for a $250 sub. I now have three other visas.

I would close my quicksilver, but they occasionally come up with a deal I like in online offers. I have a Capone savings I use some, and a Capone checking I opened for $350 sub, should close that.

I suppose I find it little bother to have a card with a bank I have other accounts with, I have their app anyway.

@FicoMike0my oldest card is from November 2021. I've closed 10 cards since early 2023 with the only the ones in my sig remaining (some recently opened) and 4 other cards I plan to close by April 2025.If you have enough cards with substantial limits the credit impact should still be minimal, but of course I am not a credit advisor lol. YMMV.

Cards & Loans


myFICO | 755↓

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@Wu-Credit

I actually downgraded to the Delta blue AMX with no annual fee. Regarding the Hilton it has no annual fee so I decided to keep card.

@gingerflowerwrote:

@Jnbmom

I am debating whether to close my Hilton and Delta especially with the Delta annual fee of $150 is coming soon. Will closing both these Cc hurt my rating with AMX?

No, it wouldn't hurt your rating with Amex.

Total revolving limits 650200 (530700 reporting) FICO 8: EQ 708 TU 714 EX 715

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