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Old Oct 28, 2012 | 5:47 pm
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living
15 Years on Site
 
Join Date: Jan 2008
Posts: 72
Help cleaning up my CC collection

Don't be fooled by my join date, I have been pretty stupid with my CC decisions until about 6 months ago ...

Short history: Didn't apply for any CC's until I graduated. Upon graduation was just able to get a couple of no-fee Cap One cards with a line of $750 each. Since then my focus was more on just increasing my credit line as I result I now have in my posession in a bunch of cards that I never use, and the rest are cards that I most recently applied for their bonuses.

I got my first 'real' card in July when my roommate told me to get in on the 100k Chase BA Avios deal. I did my first app-o-rama in August, where I applied for the SPG Personal and Biz cards, along with the Barclays US Airways card.

Waited for 3 months, and decided to do another small app since I was done meeting the spend on my amex cards -
- 2xciti AA before they disappear
- 65k Chase united offer

However Chase denied me for having too many accounts opened in 2012, and not enough cards with 2yr + history.

So I was thinking, I probably should cancel some of less used cards, mostly so that my profile looks leaner?

Here are my cards:
No Annual Fee:
AMEX Blue Cash Everyday - Date Opened: 04/2012
Capital One Platinum - Date Opened: 07/2010
Capital One some crappy no fee card - Date Opened: 10/2011
CHASE Freedom - Date Opened: 12/2011
DISCOVER - Date Opened: 10/2011
CITI Forward - 04/2012
CITI Platinum Dividend - Date Opened: 02/2012

Annual Fee Cards:
AMEX - SPG Personal and Business - Date Opened: 08/2012
BARCLAYS US Airways - Date Opened: 08/2012
CHASE BA Avios - Date Opened: 07/2012
Citi 2xAA - Date Opened: 10/2012

I was thinking of closing closing some of my no-fee cards. I know ppl don't recommend it since I can just let them be and accumulate some history, but isn't it bad if I barely use those cards? The only cards I really use are the Freedom and the Citi forward card for amazon purchases.

The cards with the annual fee, I will cancel them when renewal time comes around unless I get a good retention bonus. The Chase BA card being an exception because I need to keep it for another year to get the remaining 50k Avios.

Any suggestions?
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