CarefulBuilder14 wrote:I like carrying cards of all four networks, and also having a backup card or two not in my wallet (usually SM, sometimes BCE or Arrival). Priceless cities once saved me a little money, but then I found out AAA could have saved me a little more.
Does BofA generally not let customers move CLs around between cards? Barclaycard does email me a few BT offers, despite a PIF history.
AAoA is helpful for bonus hunting, though I've never had an old account be an obstacle to getting a new one. It might mean a low CL, but regardless of the CL, the signup bonus would still be good.
BOA moves limits, but they take a HP to do it so often not worth it.
I think the "diversifying" advice is generally nonsense. No, you shouldn't have 10 Chase cards and nothing else, but in general, go for the cards that suit your spend, whichever lender supplies them.
The "relationship" advice is something that really burns me up. People honestly think they need to establish a "relationship" with a crappy card before they can get the card they actually want from that lender. Makes no sense. Build your credit and then apply for the card you actually WANT. Relationship, to me, means nothing. When you apply for a new card, your creditor is pulling your report either way. They will see accounts outside of their bank. If this were the era before computers, I could see "relationship" possibly mattering more, as data outside of the one lender may be harder to get. But in this day and age? Doesn't matter. Your credit history is there for all to see.
I also hate the general trend of people applying for cards they don't really want long term, for a bonus. Then they force themselves to spend more to meet the bonus. Then they whine because the points weren't as useful as they thought. This is because in general, forums favor "app app app!" without even considering if the card meets someone's needs. They feed into impulsiveness, which is counterproductive to building good credit. Every new account stays with you for 10 years. So it's nothing to take lightly, IMO. Outside of very high spend, most people will not benefit significantly reward wise from spreading their spend across 15 cards so the egging on to "app app app" puzzles me.