Too many cash back cards ?!

[Anonymous]

freedom , Discover it , Double cash , Bofa cash rewards ........ What to do ? Keep , PC or Delete ?! 

[Anonymous]

Get rid of all of them, so you can apply for them again 😁

[kdm31091]

IMO, there's little to no need to have the Freedom and the Discover. They overlap throughout the year, and are just essentially the same thing. One earns UR points, one earns plain cash. Unless you're using the UR points to transfer to a CSP, I find the Freedom less useful IMO -- the categories tend to be more restrictive such as Lowe's vs. just home improvement stores, or Amazon vs. just online shopping.

Discover has broader categories and a better online portal IMO. Discover does SP CLI's and lowers APRs. Chase requires HP for CLI and almost never lowers APR. I like Discover better as a lender because they tend to grow with you more (in my personal experience).

If you're gonna dump one I'd dump the Freedom. Also, BOA Cash Rewards is largely useless since you have a Double Cash. Unless your gas spend is very high, you won't see much difference in dumping the cash rewards.

[thelethargicage]

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@Anonymous wrote:
Get rid of all of them, so you can apply for them again 😁

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+1

Seriously, though, get rid of the ones you don't benefit from...and by that I mean, close that godawful BofA Cash Rewards card. With the other cards you have, it's pretty much useless.

[Anonymous]

I would send bofa cash to the chopping block but then my aaoa will be 24 hrs old .... Bofa cash is one of my oldest cards 2 yrs 

[Anonymous]

I think it shows up on your report up to 10 years after closing, so no worries.

[NRB525]

There's no AF on any of them, so I'm not clear why you are worried yet about them at all. Each provides a payment history to that bank for future apping. And if you are only at two years total, you are still building history with everyone.

And the Discover and Freedom do not overlap. Sometimes they do, like Q2 this year with some dining. Gasoline, however is Q1 Discover, Q3 Freedom.

[chalupaman]

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@Anonymous wrote:

freedom , Discover it , Double cash , Bofa cash rewards ........ What to do ? Keep , PC or Delete ?! 

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I'd keep Freedom and Discover It open. Freedom's even better with a CSP IMO.

You don't need BoA Cash Rewards if you've alraedy met the sign up bonus on it. I closed it in favor of an Alaska Air card and a few weeks later still got the bonus deposited into my checking account. You're better off with the Better Balance Rewards card if you still want something with BoA.

Double Cash depends on how much you're personally benefitting from it.

[Runitup]

No way, keep BOA.  Great limits/potential for CLI and they are forever offering 0% deals.  If the other cards aren't offering groceries and gas in a quarter, the cash rewards certainly has a place in your wallet, imho.  

[kdm31091]

Discover and Freedom certainly do overlap throughout the year. During the same quarters not usually. I meant during the year. just to be personally its redundant to have two of basically the same card but YMMV and a Freedom is enhanced with CSP as I mentioned originally. Otherwise tho, no real point in having both.

You can close the BOA without caring about the AAOA. Its unaffected by closing accounts.

Why would OP use the cash rewards for groceries when they have a Double Cash at 2 percent for everything? The gas at 3 percent is an edge for BOA but its not gonna add up to much more unless your gas spend is really high.