Originally Posted by
IkeEsq
I drop credit lines to $2000 and then close cards once the spend is made and the bill paid. There is no point in having more than one open at a time other than because you are working on spend or have not paid it off yet.
In 40+ CIti cards I have never been asked why I wanted another one even with 5 identical ones already open. I would just explain that I am trying to keep certain expenses separate or something. They don't care.
average age of accounts is only reason I try and keep open until annual fee due. How long after you drop credit limit before citi recognizes that limit availability? it seems that it differs per bank