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Established Contributor
eddie84
Posts: 556
Registered: ‎05-28-2013

6 Secrets to Managing Multiple Credit Cards

[ Edited ]

This might come in handy for some on this forum. :smileytongue:  The part about putting sticker on the card is new to me and I believe noone has ever mentioned it on here. :smileyvery-happy:

 

Link to full article on Moneytalksnews.com

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Revelate
Posts: 8,447
Registered: ‎12-30-2011

Re: 6 Secrets to Managing Multiple Credit Cards

The sticker specifically was for AF's, and that's too narrow a viewpoint I suggest.

 

Even with my limited grocery bill I still make more in rewards with the BCP than I would with a BCE even with the $75 AF pulled out, and for the big spenders the rewards dwarf the AF's associated with most cards (see Amex Gold/Plat/Chase CSP/etc).  To say nothing when I finally do move and one of my first priorities after that is learning how to cook, then the BCP will really shine comparitively.

 

Anyway, doing otherwise is penny wise and pound foolish potentially; for larger spenders, most "good" cards have AF's.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Frequent Contributor
Roarmeister
Posts: 311
Registered: ‎04-21-2012

Re: 6 Secrets to Managing Multiple Credit Cards

[ Edited ]

eddie84 wrote:

This might come in handy for some on this forum. :smileytongue:  The part about putting sticker on the card is new to me and I believe noone has ever mentioned it on here. :smileyvery-happy:

 

Link to full article on Moneytalksnews.com


What????   You mean, throwing your cards up in the air and the ones that land face up on the floor AREN'T the cards you use this month???  That's what I do. 

Well, I'll be a monkey's uncle!  A new set of tricks to learn every day, I guess.  :smileyhappy:

 

AMEX_PlatinumBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
___$18.5k______$20k_______$20k_______$25k______$25k____
Starting Score: 676 Feb 2008; Current Score: 775 EQ, 814 TU, July 2014; Goal Score: 785 by end of year
Oldest Account reported by EQ: 12.0 years; EQ AAoA: 5.3 years; EQ Credit Utilization: 3.4%
New Contributor
PhoenixDown
Posts: 61
Registered: ‎07-16-2013

Re: 6 Secrets to Managing Multiple Credit Cards

I figure the sign up bonus is worth a few years AF in most cases. I only have 2 cards with AF right now (CSP and BCP) but they are both great cards with specific purposes. I may downgrade or switch in the future but the totals aren't anything im going to sweat over.

Regular Contributor
DaylightSlaving
Posts: 115
Registered: ‎11-13-2013

Re: 6 Secrets to Managing Multiple Credit Cards


Roarmeister wrote:

eddie84 wrote:

This might come in handy for some on this forum. :smileytongue:  The part about putting sticker on the card is new to me and I believe noone has ever mentioned it on here. :smileyvery-happy:

 

Link to full article on Moneytalksnews.com


What????   You mean, throwing your cards up in the air and the ones that land face up on the floor AREN'T the cards you use this month???  That's what I do. 

Well, I'll be a monkey's uncle!  A new set of tricks to learn every day, I guess.  :smileyhappy:

 


LOL!

Looks like I just found a new way to figure out which cards I'll be using in January.

C'mon! Big bucks, no whammies! *toss*



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