Why do you need so many credit cards?

[Anonymous]

that's what you all are misconceiving. being a churned isn't negative it's your lifestyle and if you get 2-3 trips a year then by all means do what you wish. if your profile supports it i don't see a problem.

[FinStar]

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@myjourney wrote:

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@Anonymous wrote:
well, now that all the churners answered, here's a realist approach: typically the "right" 3-4 cards will be very beneficial. granted if you travel a lot and enjoy free travel then get a card for the spend bonus and then it may not be used much after that. if you spread your spend over too many cards then the rewards will add up slowly on each and it may take longer to redeem.

as to having fewer cards with high limits vs more cards with lower limits that depends on your personal values. i have 13  14 cards but over half of them will never be swiped again. your financial plan determines what cards you use for what, but essentially (unless you have high spend) using more than 4 a month really slows down your earning potential per card. yes, per transaction you get more "rewards" but it's a slow slow process. YMMV but i like a simple system overall

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Former churner huh Lol 

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I misunderstood myjourney.  He's right, in my previous stints, I did it...so I churned, so what?  I love butter!

[Anonymous]

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@Anonymous wrote:
that's what you all are misconceiving. being a churned isn't negative it's your lifestyle and if you get 2-3 trips a year then by all means do what you wish. if your profile supports it i don't see a problem.

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I think people's feathers were ruffled because you characterized a page and a half of posters as being churners.

[FinStar]

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@Anonymous wrote:

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@Anonymous wrote:
that's what you all are misconceiving. being a churned isn't negative it's your lifestyle and if you get 2-3 trips a year then by all means do what you wish. if your profile supports it i don't see a problem.

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I think people's feathers were ruffled because you characterized a page and a half of posters as being churners.

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Thanks jaylau but, trust me, my feathers weren't ruffled at all!  He just cracks me up!

[Anonymous]

but what exactly is the downside to that? your credit file can support many new high level cards a year and you can meet the bonus and get free or cheap trips? you tell me the problem in that please. i have yet to find one.

[Anonymous]

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@Anonymous wrote:
but what exactly is the downside to that? your credit file can support many new high level cards a year and you can meet the bonus and get free or cheap trips? you tell me the problem in that please. i have yet to find one.

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Obviously us churners don't see a problem with that. That's why we're doing it.

[Anonymous]

I have a few now.
I like the Amex because we fly a lot so it come in great for skymiles
I just got the Barclay Apple rewards in the last month I really racked up the points because of the apple products I have and want to have. With Xmas around the corner and 3 kids all wanting Apple products this will benefit me. After Christmas probably not so much.
I got the Sony play station rewards card. We currently have 4 play stations and of coarse they all have to play different games.
im still learning the rewards process but with the lower limits I have I want to keep my utilization low. So everything's all on a different card that I PIF every month.
Some cards auto pay bills that I normally pay. So I can work on a nice solid payment history.
Currently 14 or 15 cards report every month.
Another card we are going to strictly use for groceries.
Mainly mine is just to build on. In a few years I'll be able to get rid of a few as I get higher SL and the better cards in my wallet.

[myjourney]

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@FinStar wrote:

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@myjourney wrote:

---

@Anonymous wrote:
well, now that all the churners answered, here's a realist approach: typically the "right" 3-4 cards will be very beneficial. granted if you travel a lot and enjoy free travel then get a card for the spend bonus and then it may not be used much after that. if you spread your spend over too many cards then the rewards will add up slowly on each and it may take longer to redeem.

as to having fewer cards with high limits vs more cards with lower limits that depends on your personal values. i have 13  14 cards but over half of them will never be swiped again. your financial plan determines what cards you use for what, but essentially (unless you have high spend) using more than 4 a month really slows down your earning potential per card. yes, per transaction you get more "rewards" but it's a slow slow process. YMMV but i like a simple system overall

---

Former churner huh Lol 

---

I misunderstood myjourney.  He's right, in my previous stints, I did it...so I churned, so what?  I love butter!

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Sick ROFLOL

[Open123]

This is killing me...Hahaha

[elim]

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@Open123 wrote:

This is killing me...Hahaha

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  lmao, yes....   that's a keeper