Advise on how to use my credit cards

[Anonymous]

Hi everyone! 

I went overseas for almost all of last year and  when i came back i found all this receiving credt cards offers and decided to apply to all of them long story short this what i got approved for:

1- AMEX BC, 12500

2- USAA PLATINUM 11500

3-USAA PREFERRED CASH REVWARDS 12500

4-WELLS FARGO 2500

5-BARCLAYS ARRIVAL PLUS 5000

6-CHASE FREEDOM 1000

7-NFCU PLATINUM 1000

8-NFCU CASH REWARDS 12500

9-CHASE MARRIOTT 5000

10-CAPITAL ONE VENTURE 10000

11-CP QUICKSILVER 3000

12-AMEX EVERYDAY 2000

I only make 50000 a  year and i dont have that many bills! how am i supposed to use all this cards so they dont get closed? is it wise to close the ones with small CL? which ones are the best ones to use?

Any input will be appreciated

Thank you!

[killer_queen229]

Rotate the cards that's what I do.

[killer_queen229]

You don't have to close any of them. Rotate the cards like I said and ask for increases eventually.

[Anonymous]

You can also put small auto payments on a few of them like Netflix, Spotify, Audible, Oyster, Hulu, gym subscription, etc. and also set automatic payments each month so they're PIF after the statement closes.

[Callandra]

12 cards at once?! Wow!! 

I would suggest looking at your spending and seeing which cards have the best rewards for you. Then focus on using those and maybe use the others for subscriptions (ie- Netflix, etc) or rotate the others. No need to close all of them (you already took the inquiry and AAoA hits anyway). 

[NRB525]

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@Anonymous wrote:

Hi everyone! 

I went overseas for almost all of last year and  when i came back i found all this receiving credt cards offers and decided to apply to all of them long story short this what i got approved for:

1- AMEX BC, 12500

2- USAA PLATINUM 11500

3-USAA PREFERRED CASH REVWARDS 12500

4-WELLS FARGO 2500

5-BARCLAYS ARRIVAL PLUS 5000

6-CHASE FREEDOM 1000

7-NFCU PLATINUM 1000

8-NFCU CASH REWARDS 12500

9-CHASE MARRIOTT 5000

10-CAPITAL ONE VENTURE 10000

11-CP QUICKSILVER 3000

12-AMEX EVERYDAY 2000

I only make 50000 a  year and i dont have that many bills! how am i supposed to use all this cards so they dont get closed? is it wise to close the ones with small CL? which ones are the best ones to use?

Any input will be appreciated

Thank you!

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For the cards with AF, like Arrival Plus and Venture, determine whether you want to pay that after the first free year. Marriott has annual free night, which makes the AF a little different.

Quicksilver, even though a low amount, is no FTF, so consider keeping that. There is discussion about Capital One allowing combining limits soon.

The AMEX Blue Cash has clear cash back, easier to deal with than the points on the EveryDay. Both have FTF, so won't be so useful overseas.

Be sure to activate the 5% categories each quarter with the Freedom card. Even with the low limit, can be useful for some rewards earning.

Check through the benefits of each card. I'm not so familiar with the USAA and NFCU, but those are good cards as well. Rotating usage while you learn what the cards are best for is advisable. I would not close any of them without thinking through why a card may be "unuseful". No sense rushing to close if just opened.

Congratulations!

If I had to recommend one for closure, would be the Wells Fargo card. Likely the weakest of the bunch.

[Anonymous]

thanks a lot!  

[Anonymous]

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@Anonymous wrote:

You can also put small auto payments on a few of them like Netflix, Spotify, Audible, Oyster, Hulu, gym subscription, etc. and also set automatic payments each month so they're PIF after the statement closes.

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Exactly what I'm doing. Putting one bill on each card and then depending on what other purchases come along (gas, restaurant) I will choose cards accordingly. None get huge amounts on them and all PIF each month.