It is addicting and kinda hard to resist 
. I just got approved for 8 CCs, PL and 3 cars auto refi in just the span of 7 days. Now, I need to be in the Garden 
Yup its very easy to get addicted.
I caught myself before it got bad. A year from now I hope to be pushing an 800 credit score and to do that I HAD to add credit cards to my profile which I did
I feel like I will be getting rid of 2 cards soon.
Im not big on paying an annual fee on the CSP due to my low spend.
@NRB525 wrote:
@kdm31091 wrote:It can be addicting but eventually you will plateau and start getting hit with low limits, high APRs, and denials. Chasing every penny in rewards by opening a bunch of cards gets to the point of not being worth it unless you are spending an exorbitant amount of money every month. Otherwise, keep it simple. Less is more IMO.
Credit card addiction can be just as bad as any other addiction. It's fine to consider it an interest/hobby to maximize rewards, but when you start apping for everything under the sun you know you've got problems.
+1
OP, you are rebuilding from some sort of significant credit issues in the past. You have three cards with good rewards and annual fees. While you can get new cards, often with annual fees, and that may be a choice you make, at this stage, you need to start really looking closely at the cards you do have, and doing the detailed calculations on your spend to see whether you really will see any benefit from any other cards.
Given you have three travel cards, each with a different type of travel redemptions that don't really work well together, this analysis of how your travel cards will work with your spend is a critical step you should take time to do now. Chase UR points don't play with AMEX MR points, because the redemption partners are nearly all different. Many people find the Capital One Venture points easier to deal with.
Yes, the apping can be addictive, and each person has to make their own decisions, but it's best to formulate a long term plan that each app should align with.
Yes, Im very much interested in Travel reward cards, and Im new to the game. I got all 3 cards for the bonus points and trying to figure out, in a year who will be the best card for me. Im still trying to figure out how bonus points and miles work toward trips, thats why I got all 3 from different companies, so I can make my decision at the end of the year, before the AF hits. I definitely dont plan on keeping all the cards, Im using the Amex PRG to gateway to a revolver one day, for me the AF is not worth it to me.
@kdm31091 wrote:^ Exactly.
So many people just app for cards without really doing the math to see if the benefit is even substantial.
For example: someone may have a Double Cash for daily spend. Then they have an AARP for dining at an extra 1%. A BCE for an extra 1% on groceries. etc.
Even if you spend literally a thousand dollars on dining and groceries on those other two cards, it's an extra $10 a month, but now it's spread across different reward programs! And in BCE's case, you cannot even redeem until $25.
The point is that sometimes it's not worth having so many cards and spreading the spend. Pick a program you like, whether it's points or a certain cash back system, and stick to it. Concentrate most of the spending there. Even if you are not getting the absolute highest percentage on every category, you will make up for it with simplicity and less hassle.
You make a very good point!
