I've been sitting in front of my computer trying to figure out what I need to do with my credit, if anything, in 2020.
I really don't have much in the way of needing more credit, though I am quite tempted by the USB Altitude Reserve, namely for the 1.5 cpp on travel reimbursements...
...but, this temptation is tempered by the fact that I'll celebrate one year in the garden in January, and 2/3 my FICO8 and 9 are 850. Call me silly, but I don't want ruin that by getting another card. 🤷🏻♀️
Otherwise, I'm going to work on rotating some lesser used cards more.
No new plans here, just continuing my gardening and saving, and continue recovering from the separation and the associated damage. If I stick to my goal, I won't app for anything new until late 2021 or 2022.
My 2020 Credit Plan is to pick up the Amex Delta Platinum with 75k SUB before the AF increase on Jan 30th and the Amex BBP then lay low and garden after that!
No plans to change anything. Keep the 9 cards I have. I would expect some new offerings in 2020, and if something new looks like it would work great for me, I might go for it. But 9 cards pretty much covers everything. I can't really spread out any more spending any thinner, so its going to have to be a really good offering. 2020 might introduce some different types of offerings we've never seen before.
My plans for 2020 in regards to credit cards are as follows
-Pay off the bill I have for having several trees removed from my property as well as a few miscellianous home repairs that totalled $2,000.00 which I put on my Chase Freedom using the introductary 0% apr on purchases. I have $650 left on that and it will be paid off in January long before the 0% apr deal expires.
-Down grade my Everyday Preferred card back to an everyday card. The bonus was nice but it's redunant for me to keep the preferred version considering I hardly ever do grocery shopping at grocery stores and I have the double cash for general spend and the Sam's Club mastercard for 5% cashback on gas. The EDP is a fine card it's just redunant with my credit card setup now and me not spending hardly anything at grocery stores.
-Wait till August before apping for anymore credit cards to let a bunch of inquires fall off my credit report. Currently have TU 4, EQ 6 and EX 8 but by August it will be TU 1, EQ 1 and EX 3.
-Apply for the Amtrak Guest Rewards World Mastercard
-Apply for the Wells Fargo Propel card
-Maybe apply for the blue business plus card.
Those are the current plans but they are always subject to change.
I have no plans for more cards, (unless the next Big Shiny Card appears on MyFico and others). I may downgrade my CSR (hopefully to a Freedom) if I use up my collection of URs early enough.