topic Re: How much spending multiple CCs with $2k CL+ Monthly? in Credit Cards

How much spending multiple CCs with $2k CL+ Monthly?

yudeology101 — Tue, 12 Nov 2013 16:44:07 GMT

I'm very curious to see how much members spend in a month with multiple credit cards $2k and up. I know I'll get verious answers as everyone have different spending patterns & their spending patterns are based on their income, etc., but i'm trying to show good usage on all my cards to maximize future CLIs which hopefully will turn into positive score factoring. Currently I put 80% spending (including bills, utilities, dining, everything else i can on CCs) which averages out to be around $3.5k~4k each month. Other 15% goes to savings & rest stays in checking. Below is a breakdown on average of how much I run on each card based on CL:

Lender: CSP (5k):
Usage (Average): $700~ $1.3 per month, PIF each month
Details: Uitilies, Car payment, dining

Lender: Chase Hyatt (5k):
Usage (Average): $700~ $800 per month, PIF each month
Details: Uitilies, Car payment (rotate it each month w/ CSP), some dining

Lender: Citi AAdvantage WMC (2k):
Usage (Average): $400~500 per month, PIF each month usually, otherwise leave 1% balance
Details: Some Uitilies, dining, misc. spending.

I do have all usage on ALL my cards currently, I usually average between $150~300 on my $1k cards, rest under $100. Since I have added (2) new AMEX cards in my wallet, I'll probably put more usage on my new AMEX cards so that I can build a healthy relationship with them. This of course will lead to less usage on current cards, with the exception of CSP.

How much do you run your cards monthly? What is considered to be a good usage on cards w/ 2k CL & up?

::edited to shorten the subject line::

Re: How much spending multiple CCs with $2k CL+ Monthly?

Creditaddict — Tue, 12 Nov 2013 19:00:06 GMT

I use cards for rewards basically and make sure the rest stay active and some not really at all:

Amex Blue BCP - Grocery

Amex Costco - now very little because we got Fidelity Amex so I even use that at Costco

Bank of America 1.2.3 - None

Citi Simplicity - None

Capital One Quicksilver - overflow for none Amex now that we have Fidelity - Id say $500ish a month now

Discover - Amazon currently

Chase Freedom - None - depends on category - might get use around December because of Discover capping out.

Think I covered most of them... have some others but i care about the rewards!

Re: How much spending multiple CCs with $2k CL+ Monthly?

Anonymous — Tue, 12 Nov 2013 19:01:09 GMT

I have started using two cards both Chase for about $5k a month. miles and hotel points.. free vacations in my future.