Re: Is that "everything else" card really necessar... - Page 6 - myFICO® Forums

yfan · ‎06-09-2016

@Aahz wrote:
A thick profile with multiple lenders is much more stable should a creditor decide to take AA for whatever reason.

That's true, but the exact same thing can also cause AA. One of the reasons many lenders use for AA is that the borrower is spread too thin over too many cards and the lender is therefore no longer comfortable with their own exposure.

Anonymous · ‎06-09-2016

Great Topic!

As others have said it depends on your goals. I'm a traveler aND I want to maximize that option. So by having the Freedom and CSP I cover various categories and the Freedom Unlimited is my "everything" else card. It is the exact as the Quicksilver with FTFS. So I can opt for cashback or UR points. My Discover is only for 5%, and honestly it's the card I need the least. Amex is simply for perks.

Aahz · ‎06-09-2016

@yfan wrote:
@Aahz wrote:
A thick profile with multiple lenders is much more stable should a creditor decide to take AA for whatever reason.
That's true, but the exact same thing can also cause AA. One of the reasons many lenders use for AA is that the borrower is spread too thin over too many cards and the lender is therefore no longer comfortable with their own exposure.

Sorry, but a borrower that is "spread too thin over too many cards" would be maxed out or overlimit if they had fewer cards.

yfan · ‎06-09-2016

@Aahz wrote:
@yfan wrote:
@Aahz wrote:
A thick profile with multiple lenders is much more stable should a creditor decide to take AA for whatever reason.
That's true, but the exact same thing can also cause AA. One of the reasons many lenders use for AA is that the borrower is spread too thin over too many cards and the lender is therefore no longer comfortable with their own exposure.
Sorry, but a borrower that is "spread too thin over too many cards" would be maxed out or overlimit if they had fewer cards.

No. Spread too thin does not necessarily have to do with balances. A creditor may simply decide that the borrower is overexposed - that is, they have too much available credit even if they aren't using any of it - and take AA for that reason.

smith5879 · ‎06-10-2016

All I know is that I can't remember the last time I didn't have enough cash back when my statement cut to at least get the $25 minimum cash back on my Citi DC card. I've only got 3 other cards and 2 of them are rotating catagory cards so my Citi card gets most spend that isn't for groceries or gas.

mitchblue · ‎06-10-2016

I use my QS more than anything, transactions, by far. Just so many things where my other cards don't cover. At 1000 spend a month, save 60 bucks. For a free card, it's a win.

FICO® 8 Scores 821 FICO® 9 Equifax 826 (Updated 02-7-23)

joltdude · ‎06-10-2016

Another consideration that kinda is similar to the.. do you need everything else card... Is.... Having a card with no FTF or pass-through FTF (as many of the govt/mil CU's have)... No/Low FTF can be as good as having a rewards card... might not be optimal but will save you enough that your virtually getting a percentage reward for using it... even better if it has a reward..