How do you keep track of all your cards?

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kcm7
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How do you keep track of all your cards?

Postby kcm7 » Tue Oct 21, 2014 9:48 am

I have two credit cards now, and I'm thinking of getting third to take advantage of grocery rewards (I already have travel and dining covered). I used to have a third card, and I found it stressful to keep track of them all, even with autopay set up because I was constantly checking my credit utilization to make sure it didn't get too high and making multiple payments per month if necessary. And checking my purchases to make sure no fraud was going on.

So how do all of you with WAY more than three cards do it? What are your organizational methods?
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG


woogs
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Postby woogs » Tue Oct 21, 2014 10:12 am

Yodlee or Mint - add all of your accounts and it will show you all of your balances, due dates, etc.
American Express: MB Platinum Card, Business Platinum, Business Gold, SPG, Hilton Surpass
Chase: Ink Plus, Ink Bold, Sapphire Preferred, United Mileage Plus, Marriott Premier
Citi: Executive AA World Elite MasterCard, AA Visa Signature, AA Business MasterCard
Barclays: US Airways World Elite, Arrival Card

popamode72
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Postby popamode72 » Tue Oct 21, 2014 10:17 am

I just link them all on Credit Karma, even accounts that don't report to bureaus.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

thom02099
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Postby thom02099 » Tue Oct 21, 2014 10:18 am

There are several ways that folks keep track of cards.

Rotation. Having multiple cards, but rotating their use; placing some in the ol' sock drawer and using periodically, then replacing them in the rotation in a specific order for a specific function.

Assignment. Having a card and using it solely for one purpose, ie, one card for cell phone, one for house utilities, one for gas, one for groceries, one for travel, etc. How one assigns is up to you, and the cards you have.

Mix of the two above.

I'm sure there are other methods that others use. I tend to use the assignment method, having a specific card for a specific purpose. It just works better for me and my spending pattern.

I also tend to log on to my accounts daily and manage them closely. In this day of hacking and ID theft, one cannot be too careful, especially for the accounts that I use less frequently, such as the store cards from Home Depot and Lowes.

Others I'm sure will present their method(s). There's no one "right" way to do it, just depends on what works best for each of us.
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

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Vattené
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Postby Vattené » Tue Oct 21, 2014 11:56 am

I am not the type of person for which you are specifically looking, but I will share anyway because I have a process for keeping track of everything. I only have three cards that are ever in play, but I use Discover for just about everything (I infrequently use (1) Walmart just for the gas discount when it's not covered by Discover and (2) Banana Republic at any of their brands or if Discover isn't accepted). I plan on applying for an Amex EveryDay soon, so I will find out how easy it is to juggle multiple primary cards.

My method is a bit cumbersome, but it forces me to stay on top of everything at all times. I keep a note in my phone of every transaction (as well as an up-to-date total of the outstanding balance). Every time I make a purchase I just add the transaction in my note. It is simple but meets my needs and allows me to actively keep on top of it while on the go. I will also copy the info into an event in my calendar. That way it's backed up, plus it is a built-in reminder of when I need to make a payment. Personally, I also like knowing what specific transactions a payment is paying off. When I make a payment I just delete the individual transactions that make it up. I check my accounts online regularly too, so if everything doesn't match up there is a big red flad for fraud (or more likely I just made a calculation error). I know if I just looked at my statement each month I wouldn't remember each individual transaction (much less the dollar amount).

Don't know if something like that will be at all useful to you, but it works well for me. It is time consuming on the whole, but when you do it after every purchase it doesn't even take a minute. It isn't stressful in the slightest because I know rock solid what it SHOULD be, so if I check and things match up I don't need to worry. It is organized and gives me an accurate snapshot in real time of what I have outstanding on credit cards.
-Vattené
FICO-8:
EX - 805 (2/17) | TU - 787 (2/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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Snowman
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Postby Snowman » Tue Oct 21, 2014 1:22 pm

I personally stick with mint, simply because I find it easier to keep track of all my accounts there.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

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djrez4
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Postby djrez4 » Tue Oct 21, 2014 3:08 pm

Mint, Personal Capital, and an Excel sheet.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Oct 21, 2014 3:31 pm

I have cards with four issuers, and I just go onto each issuer's website once a week or so at pay all the cards at once. This is also to be super-alert about fraudulent charges. I know I'm not responsible for the charges, but it's still means a headache for me.

Also:

-Email calendar reminders every 10 days
-CK every week, sometimes Mint and Personal Capital
-Paper statements in the mail as reminders
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

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PlyrStar93
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Postby PlyrStar93 » Tue Oct 21, 2014 4:17 pm

I basically log into online banking everyday and review transactions. Since there are only four institutions for me to deal with right now, this is not quite much work.

Now I only have my Citi card with paper statement and others are all paperless. Mailing statement would still be a risk though, as some other random guy may steal the mail piece away and potentially steal card numbers. Even with the mailed bill, I don't really quite look into every transaction, as I normally review it online.

I have Credit Karma and I do know that it allows linking bank accounts so I would be able to directly see each transaction on each account through it. I have not linked anything in there, though.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

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kcm7
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Postby kcm7 » Tue Oct 21, 2014 5:34 pm

Thanks, everyone!

Love the ideas of having designated cards for certain purchases -- and designating one day a week to check up on all accounts.
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG



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