@K in Boston
Ha ha..yeah I could care less about a Chase Sapphire! Lol
I have 5 Chase CCs and they're the least used of the major lenders in my wallet. Amex, Citi, USAA and Synchrony bank get used much more. Followed by Bank of America.
Ha ha..yeah I could care less about a Chase Sapphire! Lol
I have 5 Chase CCs and they're the least used of the major lenders in my wallet. Amex, Citi, USAA and Synchrony bank get used much more. Followed by Bank of America.
You are not alone but a minority on this forum. One can be content, as I am, with only a few cards. The only thing from your post that I have reservations about is getting all Visa cards.
I am old, have excellent credit, good income, long history, excellent credit mix, and could collect cards as many on this forum. However have no interest in card collecting, management of many cards, splitting rewards, rotating spend, or figure which to take out for the day. I put all my CC spend through 5 cards. (1-travel, 1-general spend MC, 1-general spend Visa, 1-5% in 2 category, and 1-3% in 4 category) With 5 cards I get a true 3% cash-back on my spend with a small set of cards that are easy to maintain. I also limit my CL to a reasonable level, and do not ask for CL increases on cards that I do not need more credit on.
I have both a general spend MC and Visa because a few places that I shop do not except the MC. I have heard of places that only except MC that don't take Visa (have never personally had this issue). Having 2 general spend cards is nice because I put all recurring charges on one and no recurring on the other. If a card gets "Fraud" I know to either contact all recurring businesses and change card#, or have nothing but a new card coming. The general spend MC lives at home in the sock drawer because charges are automatic or linked to web purchases. I have 3 cards that cover 7 categories where I have enough spend to justify the additional cards. They cover (Grocery, Gas, Restaurant, Fast Food, Travel, Gym, and Amazon) 2 of the cards live in the sock drawer because my Gym and Amazon don't need the card in my wallet and I only get out the travel for travel. The other card covers the (Grocery's, Gas, Restaurant, and Fast Food). Ninety+ percent of the time that means I have a 2%-general spend visa and a 3%-4 cat MC in my wallet. LIfe is simple !!
PS I have no cards on my holiday list 
@Kforce wrote:You are not alone but a minority on this forum. One can be content, as I am, with only a few cards. The only thing from your post that I have reservations about is getting all Visa cards.
I am old, have excellent credit, good income, long history, excellent credit mix, and could collect cards as many on this forum. However have no interest in card collecting, management of many cards, splitting rewards, rotating spend, or figure which to take out for the day. I put all my CC spend through 5 cards. (1-travel, 1-general spend MC, 1-general spend Visa, 1-5% in 2 category, and 1-3% in 4 category) With 5 cards I get a true 3% cash-back on my spend with a small set of cards that are easy to maintain. I also limit my CL to a reasonable level, and do not ask for CL increases on cards that I do not need more credit on.
Highlighted in red is the reason I'm in contraction mode. While I love my card management spreadsheet that I created, its a pain to remember to rotate cards and monitor so many for fraud. Plus, its just plain easy to forget that you baught that pack of gum to maintain activity and then forget you have a balance! (Yes, I can set automatic minimum payments, but that's not the point!)
@CA4Closure wrote:I am not one to apply for credit cards that I do not need but I was thinking about this issue the other day. I read the Credit Card posts and see everyone is so caught up in getting more and more credit cards. Why? I see people looking to get more credit line increases. My total credit line is about $40,000 and I am quite happy with that.
I only want certain credit cards and will be content with $10,000 credit lines too. My goal is perhaps to have four VISA cards with an average of $10,000 or so each. I do not make huge purchases on them and if I do, I pay it off within 3-4 months. For example, if I am doing a project for my garage like putting in new cabinets, electrical outlets or drywall, I will use my credit card to buy the materials. Or, if a major auto repair bill hits, I will use my credit card to pay the bill BUT I will never spend on frivilous things.
My thinking is to have one Airline card like Delta; a Discover card; a Costco card and another VISA card. That is it. Anyone care to chime in on why I would need more credit cards?
My wallet can carry only four credit cards and the rest stays in my safe. What good is it if it stays in my safe? LOL
OP, looks.like you answered your own question. If you're content with what you have ..why bother?
I can send you a wallet like mine for Christmas, if not being able to carry more is your only reason. Lol I believe it holds 20.
I'm a bonus and rewards chaser. I'm always looking for a way to save money. Using cash isn't allowed in my household unless there is no other option.
Yeah having all Visa's is probably not the best way to go. Mix it up and have one from each network and not all from the same bank.
Carrying all of the eggs in one basket is a big no no.
Op, ill keep it simple, every single person who takes the credit journey, especially credit cards, has their own unique goals and needs so every profile is different and really cant, or shouldnt, be viewed right or wrong. In your very post you let us know what works for you, so just know that with credit just keep an open mind as before one expects it, your wants and needs change. You never know when you may want 4 Mastercards
@AverageJoesCredit wrote:
Op, ill keep it simple, every single person who takes the credit journey, especially credit cards, has their own unique goals and needs so every profile is different and really cant, or shouldnt, be viewed right or wrong. In your very post you let us know what works for you, so just know that with credit just keep an open mind as before one expects it, your wants and needs change. You never know when you may want 4 Mastercards
Automatic respect for the credit decisions of others assumes people are rational in their credit goals, setting them according to the best information they have about their current and future needs.
I think that assumption strains credulity.
@Dalmus wrote:
@CH-7-Mission-Accomplished wrote:You have stumbled on the site that is the AA of credit card junkies. If you were on a site for wine enthusiasts, you would wonder why people are willing to pay $1000 for a bottle of wine when they can get something decent for $30. How many baseball cards does a person need?
$30? That's Special Occasion wine prices! I pride myself on finding the $12-$20 bottles that are good for my regular wine consumption.
I was given a glass from a $500 bottle of wine at an event once... I wasn't impressed. Another guest at the table with me was actually offended that I didn't like the wine. They kept going on about where the grapes came from and the history of the region and why that made it better than anything from Napa Valley or Door County or wherever. All I kept saying was "If it doesn't taste good, what good is the pedigree?"
That reminds me of some of the credit card bank snobbery that you occasionally see here... "You haven't succeeded in your rebuild until you have a Chase Saphire."
I absolutely laughed and rolled on the floor. This is excellent!! ahah both very funny.
I like the 12 dollar bottles myself. Sorry 4 glasses of wine should not cost more than 3 or 4 bucks!!
I totally believe someone got offended, but seriously how ridiculous.
The funnier part is that I think Chase Sapphire is bull. It's lackluster in rewards and has an AF.
2x points in only dining and travel..? That's not helpful.
My Amex Gold get 2x points in dining and 3x in travel and 2x in groceries gas etc...
So kudos to the credit snobs!!
Thanks for the laugh guys!
Happy thanksgiving!