Help with maximizing rewards

[icyhot]

My current lineup of cards:

NFCU More Rewards Amex $5K

NFCU Go Rewards Visa $500

Ollo Rewards $1500

Capital One QS1 $950

Capital One QS $950

Capital One Spark Classic $700

Capital One Walmart Rewards $500

Credit One $700

Indigo $300

Also have a few store cards that are SD, currently putting all spend on one of the QS for 1.5%, but will use NFCU for category spend.

My questions are, am I able to PC the Go Rewards to Cash rewards for the 1.5% so I can SD Cap One altogether? They've helped on my rebuild but I'd like to focus my spend on Navy Fed. I burned them in BK for about $30K so the increases are sparse 

Should I also close the subprime cards? Credit One is 2 years old, Indigo is about a 1 year and 6 months.

How is Ollo with increases?

Any input helps!

[AverageJoesCredit]

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@icyhot wrote:

My current lineup of cards:

NFCU More Rewards Amex $5K

NFCU Go Rewards Visa $500

Ollo Rewards $1500

Capital One QS1 $950

Capital One QS $950

Capital One Spark Classic $700

Capital One Walmart Rewards $500

Credit One $700

Indigo $300

Also have a few store cards that are SD, currently putting all spend on one of the QS for 1.5%, but will use NFCU for category spend.

My questions are, am I able to PC the Go Rewards to Cash rewards for the 1.5% so I can SD Cap One altogether? They've helped on my rebuild but I'd like to focus my spend on Navy Fed. I burned them in BK for about $30K so the increases are sparse 

Should I also close the subprime cards? Credit One is 2 years old, Indigo is about a 1 year and 6 months.

How is Ollo with increases?

Any input helps!

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Honestly, after enduring a recent bk,  and coming from someone who has been through one,  in my hunble opinion i think you should take a break from gaing more credit cards, nurture the ones you have and be more strategic. If i ever have to go bk again no way will i ever pursue  multiple ccs like now. My do over would be like 3 cards etc but i digress lol. 

I would move on from Indigo and Credit One. You have Navy and Cap One  so you past the need for those imo. 

[icyhot]

Yes, I don't plan on getting more cards. I burned most major banks so likely couldn't get many other cards if I wanted to. 

[AverageJoesCredit]

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@icyhot wrote:

Yes, I don't plan on getting more cards. I burned most major banks so likely couldn't get many other cards if I wanted to. 

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It happens, life. To me the most important and impressive is you still have Navy willing to extend you credit.  Thats a huge win!  

[Slabenstein]

I don't have any knowledge of Ollo, but I would dump both Credit One and Indigo.  They've both been open a year and you have other tradelines, so you don't need to keep renting credit.  Similarly, how long has your QS1 been open?  Its rewards structure is duplicative of your regular QS (and the Cash Rewards, if you decide to PC) and it looks like it's likely bucketed, so I would probably cancel it sometime before its next annual fee.  With regards to PC'ing your Go Rewards, it seems like a reasonable plan to me, as long as you don't eat at a lot of restraunts that don't accept Amex.  I'd make sure to keep the QS active enough to remain open so that you have it for lender diversity, but if $500 is a sufficient limit for your off-cat spend and you want to give Navy those swipes I don't see any other reason not to PC.

[jdbkiang]

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@icyhot wrote:

My current lineup of cards:

NFCU More Rewards Amex $5K

NFCU Go Rewards Visa $500

Ollo Rewards $1500

Capital One QS1 $950

Capital One QS $950

Capital One Spark Classic $700

Capital One Walmart Rewards $500

Credit One $700

Indigo $300

Also have a few store cards that are SD, currently putting all spend on one of the QS for 1.5%, but will use NFCU for category spend.

My questions are, am I able to PC the Go Rewards to Cash rewards for the 1.5% so I can SD Cap One altogether? They've helped on my rebuild but I'd like to focus my spend on Navy Fed. I burned them in BK for about $30K so the increases are sparse 

Should I also close the subprime cards? Credit One is 2 years old, Indigo is about a 1 year and 6 months.

How is Ollo with increases?

Any input helps!

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I'd definitely drop the subprime. My brother had an Ollo with very minimal usage ($5/month) and got a $100  auto-CLI from $2000-$2100 about 10 months in. He was/is rebuilding as well. With no AF, I'd advise to keep it around.

[icyhot]

All my Capital One cards are over a year old. I would dump the QS1 but would hate if they brought back account combination. Probably unlikely 

[AverageJoesCredit]

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@icyhot wrote:

All my Capital One cards are over a year old. I would dump the QS1 but would hate if they brought back account combination. Probably unlikely 

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I wouldnt dump the QS1 for that very reason lol.  If it has AF then maybe if you obtain a better card. 

[notmyrealname23]

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@AverageJoesCredit wrote:

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@icyhot wrote:

All my Capital One cards are over a year old. I would dump the QS1 but would hate if they brought back account combination. Probably unlikely 

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I wouldnt dump the QS1 for that very reason lol.  If it has AF then maybe if you obtain a better card. 

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Yeah, I don't quite get "I'm going to pay an annual fee on the off chance they let me combine my accounts" vs just dumping a bucketed limit card with an AF and hoping C1 eventually bumps my CL, or I can get a different card down the road.

I'm also at "wow, that's a lot of cards coming out of a bk" (in my case Ch. 13) but I'm on that delicate knife edge of "SUB and churn game" vs. "I want some keeper cards that make sense for my spend plus I don't want certain lenders to tell me to shove off forever" (already BofA and Citi aren't that anxious for my business, though AMEX seems to be over the Ch. 13- all three got burned).

[Anonymous]

Man , Who I'm to tell you how maximize your card usage , but those that can't do teach. I would use the capital one savor card for dining or take out for the 4% Walmart capital one for the 5% for essentials like paper towel toilet paper etc... also groceries. Both quicksilver can be used pay bills like car insurance electric etc... as well as the Nfcu. The rest of the cards I would use for very small purchases to keep them open as long as you don't mind paying annual fees. Ps as long as you pay your cards in full you'll always maximize your cards reward best of luck.