Tips on using multiple cards

For just about anything you want to get off your chest about credit cards.
33 posts
Tubpbs
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Re: Tips on using multiple cards

Postby Tubpbs » Sat Nov 05, 2016 8:13 pm

Darrvao777 wrote:I agree with all the above

I used to spread my spending across a slew of cards

In the end, I found it was just easier to consolidate all my spending on one card. Easier to track for budgeting and especially for fraud.

I almost exclusively use my Amex Platinum card just because I like the service. I carry a 2% cashback Visa in case a place doesn't take Amex.


What do you do with the Chase Sapphire Reserve?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
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Darrvao777
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Re: Tips on using multiple cards

Postby Darrvao777 » Tue Nov 08, 2016 10:40 pm

Tubpbs wrote:
Darrvao777 wrote:I agree with all the above

I used to spread my spending across a slew of cards

In the end, I found it was just easier to consolidate all my spending on one card. Easier to track for budgeting and especially for fraud.

I almost exclusively use my Amex Platinum card just because I like the service. I carry a 2% cashback Visa in case a place doesn't take Amex.


What do you do with the Chase Sapphire Reserve?


Pretty much just used it to get the bonus.

I plan on closing it before the next annual fee hits. Already had a fraudulent charge on the card (although to be fair, Chase was very responsive in getting the situation resolved for me)
- Fidelity Visa
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Tubpbs
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Re: Tips on using multiple cards

Postby Tubpbs » Tue Nov 08, 2016 11:25 pm

The Reserve has much more useful earning than the Platinum and I'd wager in any reasonable scenario you'd have almost the same protection as on the Platinum.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

Darrvao777
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Re: Tips on using multiple cards

Postby Darrvao777 » Sat Nov 12, 2016 7:08 pm

Tubpbs wrote:The Reserve has much more useful earning than the Platinum and I'd wager in any reasonable scenario you'd have almost the same protection as on the Platinum.


Almost the same but Amex makes it much easier.

Just had an infant swing break today, company refused to honor the warranty, I filed an online claim, less than 48 hours later I've got a full refund on a product I purchased 4 months ago.

I'm sure Chase might do the same, but my experience has been with Amex so I've decided to reward them with all my spend. I could certainly break down items like dining to use the Reserve for but I find it's just easier to keep spend on one card (obviously, those who value earning UR points or value a better rate of return on their spend may utilize their cards differently)
- Fidelity Visa
- Citi Double Cash
- Amazon Prime Store Card

kdm31091
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Re: Tips on using multiple cards

Postby kdm31091 » Sun Nov 13, 2016 8:51 am

Darrvao777 wrote:
Tubpbs wrote:The Reserve has much more useful earning than the Platinum and I'd wager in any reasonable scenario you'd have almost the same protection as on the Platinum.


Almost the same but Amex makes it much easier.

Just had an infant swing break today, company refused to honor the warranty, I filed an online claim, less than 48 hours later I've got a full refund on a product I purchased 4 months ago.

I'm sure Chase might do the same, but my experience has been with Amex so I've decided to reward them with all my spend. I could certainly break down items like dining to use the Reserve for but I find it's just easier to keep spend on one card (obviously, those who value earning UR points or value a better rate of return on their spend may utilize their cards differently)


I have to basically agree here. More cards mean more bills to pay, even if autopay, you still have to monitor the accounts. To each his own but I have no idea how people have time or energy to monitor 20 or 30 or 50 accounts. At some point it's just not worth it. You only are going to spend so much in a given year and the more you spread that spend, the less benefit you will receive on each card. The threshold varies based on your spend of course but a lot of people seem to end up with far more than they can justify, hence later you see them asking about how long they can SD a card for.

mountaindewvoltage
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Re: Tips on using multiple cards

Postby mountaindewvoltage » Mon Nov 14, 2016 12:06 am

Darrvao777 wrote:
Tubpbs wrote:The Reserve has much more useful earning than the Platinum and I'd wager in any reasonable scenario you'd have almost the same protection as on the Platinum.


Almost the same but Amex makes it much easier.

Just had an infant swing break today, company refused to honor the warranty, I filed an online claim, less than 48 hours later I've got a full refund on a product I purchased 4 months ago.

I'm sure Chase might do the same, but my experience has been with Amex so I've decided to reward them with all my spend. I could certainly break down items like dining to use the Reserve for but I find it's just easier to keep spend on one card (obviously, those who value earning UR points or value a better rate of return on their spend may utilize their cards differently)


This is a great example of why people should use credit cards for all major purchases.

I want to slap people who advertise that they only use cash.

A company should be smarter than that to argue a losing battle with an AMEX cardholder.

Tubpbs
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Re: Tips on using multiple cards

Postby Tubpbs » Mon Nov 14, 2016 8:02 pm

I have a problem with the systematic chargeback process used to abuse US merchants. I think it's a major problem in this country and creates another situation where people in America don't take responsibility for their actions.

There was a post a year or two ago on here by someone saying they bought shoes and only wore them for one day and then decided they didn't like them anymore and the store wouldn't take them back. He tried to use some extended warranty or return policy feature on a card and still wasn't getting his way and was throwing a shit fit on here about it.

What is ok about any of that? What about the store that paid for the shoes and sold him the shoes that he wore and used and ruined?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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CarefulBuilder14
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Re: Tips on using multiple cards

Postby CarefulBuilder14 » Mon Nov 14, 2016 9:59 pm

At a restaurant recently, someone in my group (not a regular) was talking about how he had sooo many credit cards. Rebuilding, he was worried about closing anything, but felt slightly uneasy and disorganized about having more than two.

I asked how many he had. The reply was five.

He was pretty shocked when I said I had thirteen. The others...not so much by this point.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

kdm31091
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Re: Tips on using multiple cards

Postby kdm31091 » Tue Nov 15, 2016 5:32 am

Tubpbs wrote:I have a problem with the systematic chargeback process used to abuse US merchants. I think it's a major problem in this country and creates another situation where people in America don't take responsibility for their actions.

There was a post a year or two ago on here by someone saying they bought shoes and only wore them for one day and then decided they didn't like them anymore and the store wouldn't take them back. He tried to use some extended warranty or return policy feature on a card and still wasn't getting his way and was throwing a shit fit on here about it.

What is ok about any of that? What about the store that paid for the shoes and sold him the shoes that he wore and used and ruined?


People really need to get over the mentality that anything they buy should be able to be fully refunded with no questions. There are some things that - gasp - once you buy them, you buy them! This is lost on people, sadly, and many retailers bow down to people who complain because they are scared of losing a customer. (Which is ridiculous, because most of these customers you're afraid to lose are not good or profitable customers anyway)

mountaindewvoltage
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Re: Tips on using multiple cards

Postby mountaindewvoltage » Tue Nov 15, 2016 1:18 pm

Tubpbs wrote:I have a problem with the systematic chargeback process used to abuse US merchants. I think it's a major problem in this country and creates another situation where people in America don't take responsibility for their actions.

There was a post a year or two ago on here by someone saying they bought shoes and only wore them for one day and then decided they didn't like them anymore and the store wouldn't take them back. He tried to use some extended warranty or return policy feature on a card and still wasn't getting his way and was throwing a shit fit on here about it.

What is ok about any of that? What about the store that paid for the shoes and sold him the shoes that he wore and used and ruined?


It would be one thing if the merchants gave a shit about the customer... But they don't. So I don't think too many people feel bad when they screw the merchant over for a change. A great example is PSN. They have insecure systems, so if someone uses your credit card information obtained from PSN to buy video games and other merchandise online and then you go ahead and tell your bank of the fraudulent charges, PSN will close your account and take all of your game purchases with it.

I understand the shoe store situation is a little different, but the merchant should've did a better job challenging that charge back. How do you know the shoes were ruined?



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