- Centurion Member
- Posts: 3929
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
TheSwarm wrote:Haha. I'm quickly learning that.
I definitely have to slim down the wallet first. I was just excited last year to get started so I applied for what I could get. Now I need to only keep the cards I'll use.
As you may also have learned, it is good to keep an eye on the total number of card issuers you are dealing with. You don't want to be dependent on one. Two should be pretty easy. I'm pretty comfortable with four. Any additional cards I get will probably be from Amex, Chase, or Barclaycard (Discover's only other card being the Chrome). Maybe, maybe US Bank, but it would be a stretch.
I've seen people with open cards with 10+ issuers, and that would be hard to monitor. Cards should make life easier, not harder.
Having a lot of cards from one issuer could be fairly simple, though. I could enable alerts to get an email whenever a card is used without being physically present, and then once every other week, take two minutes to cycle through half a dozen lightly used Amex cards to make payments and verify there are no unusual charges.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May