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managing my credit cards

Regular Contributor

managing my credit cards

I started out a couple months ago with two credit cards. Recently I was approved for 3 more. I am looking for recommendations on how to use them to build my credit and which ones should take higher priority. I also want to try for CLIs on them when possible. Here are the cards I have with their limits:

DCU $1000
NFCU cash rewards $1600
Capital One $300
Chase Amazon Prime Rewards $500
Amazon Prime store card $800

I only want to use the cards for purchases I am already planning on making then pay them off right away. The Amazon cards I will use mostly for Amazon purchases but which one should I give priority to? Also any information for how to get CLIs on these cards would be useful.
Super Contributor

Re: managing my credit cards

Hi jg
My suggestions due to your CL limits and keeping spend so that maximm reporting is less than 10%:
*NFCU - groceries/restaurants
*DCU - entertainment, movies, etc.
* CapI - Something small & recurring, ex. Hulu/Netflix

Hope this gets you started and on your way to growing FICO scores. Good luck.

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K || BOA CashRewards $6K
Message 2 of 5
Valued Contributor

Re: managing my credit cards

Personally, I would put the Amazon store card ahead of the Chase Amazon. Better rewards on the store card, and optional 0% financing on large purchases.

NFCU MR: $25K | Venture: $21K | Amex ED: $18K | NFCU CR: $18K | Amex BCE: $15K | IT #1: $17.5K | PNC Core: $15K | PPMC:  $12K | Wells Fargo: $11K | Savor: 12K | Cap1 QS: $8.5K | Barclays Rewards: $7.75K | IT #2: $7.3K | MLife: $9.5K | Sportsman's Guide: $8.7K | PenFed PR: $5.5K | Elan Plat: $2.3K | TRV: $3.6K | BotW: $3K

Current FICO 8 Scores: EQ: 828| TU: 805 | EX: 814

Message 3 of 5
Valued Contributor

Re: managing my credit cards

If you have Prime, there is no difference in cash back between the store card and the Chase prime card. Both are now 5%.


If you want to finance something at 0% the store card is the way to go. Reality is it will actually cost you the 5% discount to use their 0% offer.

Message 4 of 5
Valued Contributor

Re: managing my credit cards

DCU may take time to grow

NFCU - plenty of threads on how to grow, it may explode your limit for you

Cap1 - looks like a credit steps card. you can get a CLI possibly after 60-70 days, almost definitely before your step increase, will also get credit steps, and can then try every 6 months to grow

Chase Amazon - don't look for growth

Amazon - I believe is Synchrony backed; could get huge growth here as well


Nurture what you have and they should help you utility go up along with your scores

State Farm Rewards (3,000) ~ Marvel MC (8,000) ~ PenFed Power Cash (10,000) ~ PenFed Promise (1,000) ~ PenFed OLOC (500) ~ Discover ($1,100) ~ Citi DC (2,200) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (2,700) ~ NFCU CLOC (15,000) ~ Venture (10,300) ~ DCU Visa (5,000) ~ Chase Freedom (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG (1,000) ~ Amex BCE (1,000) ~ Care Credit (15,000)
Current Scores (6/6/18): 697 Transunion, 659 Equifax, 674 Experian
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