FastSRT8 wrote:I may be old school and a minority with this sort of thinking but WHY would anyone be so keen to apply for so many cards. I for one don't want to 'broadcast' my personal and private information to credit card companies.
Well there are several reasons in my case. First, at this time last year I intended for Amex to become my only creditor for cards, but as I found things don't always go according to plan. In your case, you having the Centurion and a Visa as a backup for when they don't take Amex or if you were to get F/R'd or say the Amex network is down is prudent thinking. So, having more than one source is vital especially for international travel in my view, though even cross country travel might qualify.
Other reasons could be as simple as revolving rewards categories on cards such as Cash+, Freedom and IT. People use what the 5% categories are for those cards.
Some folks also want one card of each major type (Amex, Discover, Mastercard and Visa) so they are covered no matter where they may shop as a few stores take only one type of payment via credit card or maybe only a couple and thus having more choices can be a good thing.
Also, FICO claims that at least 2 major tradelines is vital to a top score, and it seems even 3 or 4 gives a boost as well from my experience.
Last but not least some of us just like having options and relationships with major lenders in case something happens or that changes, or we simply want these cards in our pockets for whatever personal reasons. (People are funny sometimes!)