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Personal Finance (Not Investing) • Re: What's Your Credit Card Rewards Strategy?

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Can’t get my Citi Strata card application approved- I was told that I have too much unused credit but I only have 5 credit cards (2 citi and 3 chase) currently open. Is there a way to circumvent this?
I got the same response (too much available credit) from a few banks before I really dug into churning strategy. But I had over $200k available on a dozen or so cards. So I started closing the less valuable/useful ones and that has done the trick. No rejections lately. I do pace myself and only close one a month to minimize shock to my credit report but my score has only been creeping up since I started closing them.

Statistics: Posted by Valhalla7 — Tue Jan 14, 2025 5:29 pm



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