- Centurion Member
- Posts: 3929
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
Jon and Member,
I agree that 4-6 would be enough cards to have for regular use. Having met minimum spend on Arrival and IHG, I'm back to having 3 cards for everyday use, 3 for special situations, and 4 I keep open but don't really need (for now, at least). Juggling 8-10 for everyday use would be a nuisance. Any spending I do (apart from tiny stuff to keep cards active) that doesn't go on my three main cards is for a very nice bonus reward or credit.
I agree that unless you're just using a card for the bonus, having a lot of different reward currencies is very inefficient.
I've been tempted by travel cards that wouldn't make much sense for me in the long run, and by the notion of having a lot of accounts. I've not really been tempted by huge CLs, or the desire to have accounts with a huge number of lenders. I was lucky enough to start out with a Freedom, and have never had to rebuild. Even with a $600 card, most of what was available looked to me like a step down.
For scoring purposes, it's generally best to open all the cards you want to keep (AF or not) before you start going for big bonuses. I don't think you could go wrong by getting a Sallie Mae, even if you later decide to amp up your ED to an EDP. I keep Sallie Mae and BCE open not just for scoring purposes, but also as a no-AF, cash-back hedge to EDP (or MRs themselves) being nerfed. *How Wal-Mart is coded for MC will vary from location to location, of course. And it may be the case that even Wal-Mart grocery-focused stores are categorized as discount stores, which makes ED/EDP less potentially appealing, compared to Sallie Mae.*
How many of those offers end up being any better than your wife's 4% Discover?
Last edited by CarefulBuilder14
on Fri Jun 26, 2015 1:48 am, edited 2 times in total.
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