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New blog article: 5 Tips to Help You Manage Multiple Credit Cards and Protect Your FICO® Scores

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Elizabeth_FICO
myFICO Employee

New blog article: 5 Tips to Help You Manage Multiple Credit Cards and Protect Your FICO® Scores

Hello everyone! If there's a new blog article that I think you guys might like I plan on posting it in the Forums.

 

This week's article is: 5 Tips to Help You Manage Multiple Credit Cards and Protect Your FICO® Scores

 

Let me know what you think about the article.

 

For more content don't forget to check out our blog.

 
 
Message 1 of 6
5 REPLIES 5
ptatohed
Senior Contributor

Re: New blog article: 5 Tips to Help You Manage Multiple Credit Cards and Protect Your FICO® Scores

Ok info but, for me, the managing of multiple cards is more about managing for maximizing rewards.  lol.  Smiley Happy  

[Until I can make a pretty signature, here’s an updated draft]

Everyday 5% CB:
Chase prime Visa // citi CUSTOM CASH “A” // citi CUSTOM CASH “B” // citi SHOP YOUR WAY (5% gas (in points), lucrative spending offers) // mylowe’s Rewards // Target circle card // primis Perks debit Visa (50c CB per transaction (5% CB or more up to $10 spend))

5% CB rotating:
Chase “OG” freedom Visa // DISCOVER it Cash Back // nusenda CU Platinum Cash Rewards

Everyday 4% CB:
US Bank Smartly (v1.0)

Everyday 3% / 2.2% CB:
AOD FCU Visa Signature (3%, sockdrawered) // upgrade Cash Rewards Elite (2.2%, sockdrawered)

Welcome Offer / credits only:
Chase SAPPHIRE PREFFERED (grabbed my $1,000, sockdrawered, will cancel) // NFCU FLAGSHIP REWARDS (elevated Welcome Offer, annual prime credit, sockdrawered)

Hotel card:
Chase IHG ONE REWARDS PREMIER (elevated Welcome Offer, 1 free night/yr)

On my radar:
Langely FCU Signature Cash Back (5% CB monthly selectable cat) // Safe CU Cash Back+ (Quarterly rotating 5% CB cats plus bonus cats) // upgrade MyFive Cash Rewards (5% CB monthly selectable cat) // US Bank Kroger (and family) World Elite Master Card(s) (5% CB Mobile Wallet)
Message 2 of 6
DXness
Regular Contributor

Re: New blog article: 5 Tips to Help You Manage Multiple Credit Cards and Protect Your FICO® Scores

lol yep!  Managing multiple cards for me = knowing what to use for which purchase to maximize the CB rate, especially keeping a mental note of which places don't code the way you'd expect them to.


__

Rebuilding, FICO 8s as of December 2025:


EX VS3: 746, EQ VS3: 757, TU VS3: 755, VS4: 705
Message 3 of 6
CorpCrMgr1
Valued Contributor

Re: New blog article: 5 Tips to Help You Manage Multiple Credit Cards and Protect Your FICO® Scores

Thank you for sharing. I've often wondered of the time and resources some posters with 40 CC manage that many cards?

Some of my 20 cards have been sock drawed until they are cancelled.

Message 4 of 6
ChargedUp
Senior Contributor

Re: New blog article: 5 Tips to Help You Manage Multiple Credit Cards and Protect Your FICO® Scores

I use a spreadsheet program and a dry erase board with statement cut/due dates, last payment made date, balance and credit line. 5% rotators get updated on the dry erase as well.

Message 5 of 6
okurosetta
Frequent Contributor

Re: New blog article: 5 Tips to Help You Manage Multiple Credit Cards and Protect Your FICO® Scores


@CorpCrMgr1 wrote:

Thank you for sharing. I've often wondered of the time and resources some posters with 40 CC manage that many cards?

Some of my 20 cards have been sock drawed until they are cancelled.


I'm not quite at 40, but I'm on my way so I'll give my two cents Smiley LOL

 

My spreadsheet helps plan payments, with cards listed by due date. I am paid biweekly and make payments every payday. I put my spreadsheet on my smaller monitor and on my larger monitor I CTRL + click a folder with bookmarks to every issuer's log-in pages. I then work left to right, signing in to each account (credentials saved). I then work left to right again, updating my spreadsheet with balances / payments due as I go, closing tabs with no payments due. I make sure everything is good on my spreadsheet before making the payments, then go left to right again to make the payments.

 

This may sound like a lot but in practice takes about 5-10 minutes every two weeks for 30 cards.

Hybrid
Cashback APR
Points
RIP Chopping Block
P2
P2 Future P2 Chopping Block
Message 6 of 6
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