- Posts: 2
- Joined: Tue Jun 03, 2014 9:21 am
- Location: Pittsburgh, PA
My family currently uses a Discover Cash Back card for all purchases possible. We get 1% cash back plus any bonus category. I am looking to maximize my rewards by adding and using multiple cards.
I am looking to add the Amex Blue Cash Preferred for all grocery purchases. We would be right around the $6,000 limit @ its 6% back. Nothing else would be purchased on this card.
We would use the Discover when we can get 5% back or when we are purchasing through "shopdiscover.com" to get %5 back or more.
I am also looking to get a Chase Freedom to hopefully get 4 more rotating categories with 5% back to use in addition to Discover.
I am also looking to add the Barclay Arrival Plus World Elite card or the Chase Sapphire Preferred for all purchases not made on the above cards as well as monthly bills - cell phone, TV and internet, gym memberships, and anythign else.
Any reason to think about the AMEX Everyday Preferred being in my mix?
We have no outstanding credit card debt as we pay them off each month unless we are on a 0% interest plan so interest rates do not worry me.
I just looked, an we charged $23,000 on our Discover card in the last 12 months according to the Discover spending analyzer.
My FICO is 814 according to Discover and my wife's is over 800 for sure.
I am not a fan of annual fees but am willing to pay to get increased rewards.
I appreciate your help with this decision as it is my first post on this forum.
Some of the below cards might be closed before the companies are out of business but they still might appear on our reports.
Current cards for my wife include: Chase Freedom, Macy's AMEX, Kohls, Amex Blue, Amex ONE, JC Penny, Express, Helzburg Diamonds, Discover Cash Back
Current cards for me: Babies R Us MC, Best Buy Card, Capital One Quicksilver, Amex ONE, Amex Blue, Amex Corporate card, Discover Cash Back, Citi Sears Platinum Card, Roomful Express Furniture Store Card.
Most of these cards are hardly ever used. Do we have too many? Will 2 more cards hurt anything? Like I said above, the only balance is on the Sears card because we bought a matress for 0% interest.