ajacks108 wrote:I was wondering if anyone else does this and if its more of a hassle then its worth.
Some do. Some do not. Whether it's worth it or not is a subjective matter -- just as worth is on any topic. It's certainly more of a hassle than not worrying about what spend goes onto which card but if you want to maximize rewards on spend categories then there isn't likely to be one single card that will maximize rewards on all your major spend categories.
FWIW, I have a BCP for groceries, PenFed Platinum Cash Rewards for gas, Ink Plus for cable and internet, Discover and Freedom for their rotating categories and everything else ends up on the the CSP which is also used for travel and dining (when not 5% on Discover or Freedom).
How you handle earning rewards on your spend is up to you to determine. If you know your spend then you can do the math to determine if dealing with another card for X% on a given category is worth it to you or not.
ajacks108 wrote:Is having this many cards a bad thing?
X cards is never inherently good or bad. If you can't manage X then it's a bad thing.
ajacks108 wrote:Would you do it and keep track of all the rewards in the different accounts or just accumulate it all in one place.
Again, it doesn't matter what any of us would or wouldn't do. You need to do what works for you.