6 card maximum.

[hawkins]

Hello FicoForums,
I am not really new here but have spent a considerable time reading many of these fine cards on FicoForums. I have learned a lot from many of you here. Anyways to the point I am looking for a 6 card maximum setup for me. To be more specific 2 with Capital One, 2 with USAA and 2 with PenFed. I have now a Cap 1 quicksilver with a $500 limit (crappy I know) for some reason I like Capital One. I want a Venture One with them in a few months time as well. 1 cash rewards card and one travel card. With USAA I have a classic which I want to replace with the Amex card in a few months and already have the cash rewards visa. For the motherload I have already 2 PenFed cards both with large limits 10k. PenFed has been like no bank or CU I have ever come across. I asked originall for a Promise visa which I figured would get me started with them but through a bit of recon which I learned from many of you I got both the power cash rewards and the pathfinder. Now honestly I will never turn down a CLI if they offer it but I am not looking for it anymore. PenFed filled my wishes in a couple days time. Wild. I don’t believe in putting all my eggs in one basket though. As much as I love PenFed I am nervous about what I have read a lot about making payments to them, etc... I just got the cards the other day so have not even used them yet. I plan to do a couple of test on them making a couple small purchases and then paying it off as soon as it’s posts. Mostly to see if what I read is indeed happening and how I need to figure out the best way to do it. Once the so called training wheels come off I should have a good hang of it but I am not leaving anything to chance. Cap 1 I never expect to get close to those limits but if I can reach half that I will be happy. USAA I trust a lot and think they in time will also grow again probably not PenFed style but well enough. I don’t know what do you guys think? I am not really a big 20+ or even 10 + card kind of guy. If and that’s a big if some pre-approvals come along for cards not related to what I described above I will certainly consider it but I don’t know. I consider myself lucky already no reason to push it too far.

[Kforce]

I am also a keep it simple, small number of cards guy.

Nothing wrong with just a few.

[Anonymous]

Why the Venture One?   It's not really a travel card, just a restricted cash back card offering a worse rate than the Quicksilver.  Only advantage currently is the hotels.com promotion.   If you plan to use that, then it makes sense, but not otherwise.

[woodyman100]

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@Anonymous wrote:

Why the Venture One?   It's not really a travel card, just a restricted cash back card offering a worse rate than the Quicksilver.  Only advantage currently is the hotels.com promotion.   If you plan to use that, then it makes sense, but not otherwise.

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Maybe OP feels it’s the next logical step up the ladder. That was my thinking several years ago.

OP should just go for the QS in my opinion. 

[Anonymous]

What ever floats your boat.

Not need to fill it with useless cards and make the ship sink.

6 should be plenty... and use well, keep em active and pay on time. 

All that is necessary, no sweat!  Good Luck!

[wasCB14]

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@woodyman100 wrote:

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@Anonymous wrote:

Why the Venture One?   It's not really a travel card, just a restricted cash back card offering a worse rate than the Quicksilver.  Only advantage currently is the hotels.com promotion.   If you plan to use that, then it makes sense, but not otherwise.

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Maybe OP feels it’s the next logical step up the ladder. That was my thinking several years ago.

OP should just go for the QS in my opinion. 

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Or climb a different ladder.

[Anonymous]

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@woodyman100 wrote:

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@Anonymous wrote:

Why the Venture One?   It's not really a travel card, just a restricted cash back card offering a worse rate than the Quicksilver.  Only advantage currently is the hotels.com promotion.   If you plan to use that, then it makes sense, but not otherwise.

---

Maybe OP feels it’s the next logical step up the ladder. That was my thinking several years ago.

OP should just go for the QS in my opinion. 

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OP already has the QS.

[woodyman100]

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@Anonymous wrote:

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@woodyman100 wrote:

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@Anonymous wrote:

Why the Venture One?   It's not really a travel card, just a restricted cash back card offering a worse rate than the Quicksilver.  Only advantage currently is the hotels.com promotion.   If you plan to use that, then it makes sense, but not otherwise.

---

Maybe OP feels it’s the next logical step up the ladder. That was my thinking several years ago.

OP should just go for the QS in my opinion. 

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OP already has the QS.

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My mistake. I saw the 500 limit and immediately thought QS1

[fittiger]

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@hawkins wrote:
Hello FicoForums,
.....
 As much as I love PenFed I am nervous about what I have read a lot about making payments to them, etc... I just got the cards the other day so have not even used them yet. I plan to do a couple of test on them making a couple small purchases and then paying it off as soon as it’s posts. Mostly to see if what I read is indeed happening and how I need to figure out the best way to do it.

What is this all about?  never heard of issues here?

[Anonymous]

I believe the OP is referring to the 10 day hold on payments until you have had the card for 6 months and the so called training wheels come off.