@Vash1 wrote:I'm new to using credit cards in a way that's strategic. I would love to get some help as far as the best recommended strategy for my current cards, and what cards should I look to open up to fit my new strategy of optimizing for CB and travel. Also, when would you recommend asking for cl increase. My current cards are;
Discover It - 9500 cl
Chase Freedom Unlimited - 3200 cl
Wells Fargo Autograph - 4000 cl
Apple Card - 2750 cl
Barcaly Card - 3600 cl
Walmart Capital One - 700 cl
Quicksilver Captial One - 600 cl
For data points my Fico 8 scores are Equifax 653, Transunion 671, and Experian 653. These low scores really just from high credit utilization on 4 cards. Expecting a big jump in score to 700's after this month's report as all are paid off except Discover which is at 100% utilization but will be paid off October this year. Two medical collections keep my score low but they will be removed this year. Two inquiries on Equifax and Experian but they fall off in June and July respectively.
Barclay card and Quicksilver are my oldest cc's both opened in 2015. The others are all 4 1/2 years. Not sure rather to close Quicksilver as it has AF and really no benefits outside of 1.5% cashback and with the low limit no use to me outside of account age.
I make over 6 figures a year. Highest spend categories are grocieres, eating out, and gas.
The fact you have the CFU covers you from a 1.5% cash back basis, so given the Quicksilver has an annual fee, close that sucker tomorrow and don't look back. Regarding CapOne, the one card which may be beneficial to have in their lineup is the SavorOne; you might want to try and either swing the bat at a new app for this card (which will most likely have a MUCH higher limit), or ask for a PC of your Quicksilver to a SavorOne.
Honestly, I'd focus harder on paying off your balances and working on increasing your scores, than worrying about rewards. Rewards really only make sense when you PIF. Paying interest will quickly evaporate any comparatively low rewards. With that said, you have a good start there. I would recommend getting a solid 2% or higher uncapped card as I'm sure you're making some purchases/payments where you can't always use your Apple card? From there, assess your spending and find 5% cards in your highest spend category(ies). There is a lot of info on this site for nearly any spend category you can think of. 
@Vash1 wrote:I'm new to using credit cards in a way that's strategic. I would love to get some help as far as the best recommended strategy for my current cards, and what cards should I look to open up to fit my new strategy of optimizing for CB and travel. Also, when would you recommend asking for cl increase. My current cards are;
Discover It - 9500 cl
Chase Freedom Unlimited - 3200 cl
Wells Fargo Autograph - 4000 cl
Apple Card - 2750 cl
Barcaly Card - 3600 cl
Walmart Capital One - 700 cl
Quicksilver Captial One - 600 cl
For data points my Fico 8 scores are Equifax 653, Transunion 671, and Experian 653. These low scores really just from high credit utilization on 4 cards. Expecting a big jump in score to 700's after this month's report as all are paid off except Discover which is at 100% utilization but will be paid off October this year. Two medical collections keep my score low but they will be removed this year. Two inquiries on Equifax and Experian but they fall off in June and July respectively.
Barclay card and Quicksilver are my oldest cc's both opened in 2015. The others are all 4 1/2 years. Not sure rather to close Quicksilver as it has AF and really no benefits outside of 1.5% cashback and with the low limit no use to me outside of account age.
I make over 6 figures a year. Highest spend categories are grocieres, eating out, and gas.
1. You should certainly wait until your scores are in the 700's, and probably until the Discover card has been greatly paid down.
2. Cash back seems to be adequately covered for now.
3. When you say 'optimize for travel', that's too broad a term. Would need to know what kind of travel, how much travel, whether you want general travel points, or whether there are certain brands of hotel or airline that you would use more than others, etc. Once you've given some more detail, the travel card aficionados -- of whom I am not one -- can give you some good tips.
But as @ptatohed has ably pointed out, the time is not yet ripe. When you are paying everything in full each month, that's the time to go for rewards.
@Vash1 wrote:Thank you. I can see now that waiting just a couple of month I would be in the ideal position for collecting rewards. For travel I want the card(s) that'll support two vacations a year with dining perks and what not. I really like Marriot hotel chains.
Well that narrows it down nicely. Our travel card aficionados like @K-in-Boston and @Aim_High will probably be able to elucidate the pros and cons of the Amex and Chase Marriott cards.