Keeping 3 CC's, Which 3 Would you Keep?

[HindSight_20_20]

Hi MyFico crew, 

I am seeking opinions on which 3 CCs you'd keep if you were icing 🧊 all but 3.

Here is my list (I'd  like to activity use three, but I want the most beneficial) 

Not looking to add anymore so this list is it. 

Not closing any,  and department CC's are of course not even a factor,  they are socked until eternity 😅

THANKS!!  

[  ] NCSECU $13.5K 
[  ] BRAGG MUTUAL CU $10K 
[  ] DISCOVER IT CASH BACK 11.5K
[  ] VENMO VISA $7.5K 
[  ] PENFED POWER CB VISA $3.5K 
[  ] AMEX HILTON HONORS $2K 
[  ] LOWES $11K 
[  ] Ft Bragg CU 8K
[  ] Apple Pay CC $3K 
[  ] Best Buy Visa $2.5K
[  ] BED BATH BEYOND $2K 
[  ] CAP1 SAVOR $1K 
[  ] AMAZON CREDIT $800 
[  ] CITI CUSTOM CASH $500
[  ] KOHLS $1K
[  ] Truist $4.5k 

[Taurus22]

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@HindSight_20_20 wrote:

Hi MyFico crew, 

I am seeking opinions on which 3 CCs you'd keep if you were icing 🧊 all but 3.

Here is my list (I'd  like to activity use three, but I want the most beneficial) 

Not looking to add anymore so this list is it. 

Not closing any,  and department CC's are of course not even a factor,  they are socked until eternity 😅

THANKS!!  

[  ] NCSECU $13.5K 
[  ] BRAGG MUTUAL CU $10K 
[ X ] DISCOVER IT CASH BACK 11.5K
[  ] VENMO VISA $7.5K 
[ X ] PENFED POWER CB VISA $3.5K 
[  ] AMEX HILTON HONORS $2K 
[  ] LOWES $11K 
[  ] Ft Bragg CU 8K
[  ] Apple Pay CC $3K 
[  ] Best Buy Visa $2.5K
[  ] BED BATH BEYOND $2K 
[  ] CAP1 SAVOR $1K 
[  ] AMAZON CREDIT $800 
[ X ] CITI CUSTOM CASH $500
[  ] KOHLS $1K
[  ] Truist $4.5k 

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This is a really difficult for complete strangers to answer. Only you know your spending patterns and primary needs for your cards. But without that background, the ones that stick out to me that will have long-term value, I've marked.

Discover is an all-around good catch card for the 5% cats, and it's one of your higher limit cards.

PenFed is your 2% general spend driver, no one needs to be without one of these.

Citi Custom Cash is your smallest limit, however, it has great growth potential and covers a lot of cats, very versatile.

Runner Up: NCSECU simply due to largest limit (....& I don't know anything about Ft. Bragg cards)

[Chazzay12]

I agree with @Taurus22  those are what I would keep too. 

However, it's up to you what you find most useful for where you spend the most money. But as a generalized answer, those 3 are good. 

[HindSight_20_20]

Thank you,  I appreciate the answers and drivers behind them.  Great points!  😊

[binaryhermit]

If your Savor is no AF, I'd seriously consider keeping that.

[keekers]

Another vote for what @Taurus22 listed. One other consideration is the Venmo Visa since it gives you 3% back on your top spend category.

[cws-21]

If only considering cash back, and without knowing your specific spending and lifestyle, I would choose the Citi Custom Cash, Capital One Savor/SavorOne (not sure which one you have), and the PenFed Power Cash Rewards. This 3-card setup would earn 5% cash back on gas, 3/4% on dining, 3% on grocery stores, 3/4% on entertainment, 3/4% on streaming services, and 2% for everything else. I don't love cards with rotating categories, which is why I didn't go with the Discover It, but it would be my fourth choice.

[Kforce]

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@HindSight_20_20 wrote:

[ X ] PENFED POWER CB VISA $3.5K 
[ X ] CAP1 SAVOR $1K 
[ X ] CITI CUSTOM CASH $500

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Agree with @cws-21 , not a fan of rotators, or non VISA/MC for an extremely small card set.

Also not a fan of cards tied to membership like Costco, Amazon, etc.

Hard to beat the Penfed & City for first two cards.

3rd depends on where and how much you spend in categories.

My oldest daughter would pick the Amazon.

My other daughter eats out every day and the Savor.

My wife would get the most from the Lowes.

Everyone spends at different places.

Should look at 6-12 months of your spend and use real numbers

Good Luck

By the way I am down to using only 2 cards and I love the

simplicity and rewards every month from both cards

Don't miss rotating, switching spend, etc

[Beefy1212]

I would keep 4 yes I know that wasn't the question but still true for me.

Disocver and CCC for various 5% flexibility.

either Venmo or AppleCard for a 2% earning floor, and the savor for the grocery dinning drug store.

What I would definitely drop is those store cards if I was seriously looking to downsize my card portfolio the last thing I want is a single category card and especially not a store specific card. 

The real question you should be asking yourself is not what to keep but what to get rid of. I would also point out Apple Pay is pretty ubiquitous if the point is downsizing the wallet you can park those cards in your apple wallet and enjoy the benefit of a slimmer wallet and a suite of single purpose cards.

[HindSight_20_20]

😅🎯 Agreed!  "The real question you should be asking yourself is not what to keep but what to get rid of."...