MemberSince99 wrote:As far as credit cards, I would say my philosophy used to be collect them like baseball cards. In the sober light of day that's just crazy. I'd rather have a few lenders I have a great relationship with than 20 I can't make use of.
As a sort of game, I took at look at my cards and imagined only being able to use half of them. It was surprisingly easy. Of my 10 cards, I picked 5, and they were all Chase, Amex, and Discover. (Freedom, CSP, IHG, Discover, EDP).
I'll keep all 10 and possibly still add more for bonuses, though.
morgacj2004 wrote:I agree with Vermonster that AMEX has lost some of its appeal. I prev had a Gold rewards card and then a Platinum card. I no longer wish to have either due to the AF. I simply feel that for me the costs outweigh the benefits. I have been using the Discover a lot recently due to their recent promotions and Cap One Venture for travel related purchases.
I've been driving and staying at hotels more than flying lately, although I'll put the PRG credit to good use when I pick an airline just before I fly. Unless someone is flying frequently, it might be cheaper to buy lounge access on a per-use basis.
You know it feels kind of good to only have one AF card...especially when I was not using the other two cards that much to make the annual fee worth it. Long term CC views would be me wanting to condense down to either like 3 or 4 cards total. Right now I have 17ish? so I'd like to cut way down on those in time....but for the immediate future they all will stay open. Once debt is paid off i'll start to close the store cards first I think, then work around from there. So quite a bit has changed at least from a thought standpoint, and I thank you, as well as others on the board for that change. In the case the change is for the better
I don't mind having multiple AF cards - so long as they all make sense! EDP and CSP will get more spending over the long run than PRG or IHG, though.