Author Topic: How Many Credit Cards Do You Have? (Read 1002513 times)

Mikeyis4dcats · « **Reply #7525 on:** July 31, 2015, 03:01:35 PM »

Quote from: Pete on July 31, 2015, 02:54:06 PM

SD, RD, and the gang, I have a dilemma.

I have been forced to use a company-pay card (company pays all bills on it). It has a terrible points program, and they are trying to force us to use it for all work travel spend. Just a terrible set of circumstances here.

Well, I am thinking that many of my cards are essentially obsolete. I noticed that Steve Dave said that he cancels some of his, and then later re-applies for them. Below are my current cards. Since I have to use my company card to buy most travel expenses, I really won't have much occasion to use my Delta and American cards. Do you guys think I should cancel these? Should I just hold them in the event that I want to buy a vacation ticket retail (e.g. get the bonus points for buying a Delta ticket with the Delta card, etc.). Is it better to have more or less active cards, when it comes time to try for new cards? Thoughts?

Current cards:
Chase Sapphire Preferred (this is going to turn into my everyday card)
Southwest Visa Preferred
American Airlines Advantage MasterCard
Delta Skymiles American Express (this gives me one free round trip companion ticket every year, with purchase of one full fair ticket).
Marriott Signature Visa
Stupid work card diners club master card piece of crap

I'd keep the AA card if it's fee-free for the checked baggage perk and the Sapphire if you want it for the daily driver
I'd cancel or shoebox the rest.

steve dave · « **Reply #7526 on:** July 31, 2015, 03:09:18 PM »

Does AA have a fee free card?

steve dave · « **Reply #7527 on:** July 31, 2015, 03:10:36 PM »

Quote from: michigancat on July 31, 2015, 01:40:21 PM

those links expire

Oh no crap?

Pete · « **Reply #7528 on:** July 31, 2015, 03:11:12 PM »

Quote from: steve dave on July 31, 2015, 03:09:18 PM

Does AA have a fee free card?

I don't even know. I just have this card to buy AA tickets, but rough ridin' work won't let me do that now. I think I might cancel it. I'd rather keep the Delta card than the AA card.

steve dave · « **Reply #7529 on:** July 31, 2015, 03:14:38 PM »

Yeah, def. cancel it Pete. It resets your churn timer.

steve dave · « **Reply #7530 on:** July 31, 2015, 03:14:59 PM »

The delta one has an annual fee as well but you can't churn it.

steve dave · « **Reply #7531 on:** July 31, 2015, 03:16:02 PM »

Cancel all of the annual fee ones unless you have a reason to keep them Pete. Keep your daily driver and whatever you want for the benefits.

Pete · « **Reply #7532 on:** July 31, 2015, 03:17:38 PM »

Quote from: steve dave on July 31, 2015, 03:16:02 PM

Cancel all of the annual fee ones unless you have a reason to keep them Pete. Keep your daily driver and whatever you want for the benefits.

OK, I will do that. Sapphire stays as the daily driver. They others have outlived their benefit to me. Will this make it easier for me to get approved for new cards in the future? Like, having too many might be an issue? I don't have any balances on them, they are merely open and active.

steve dave · « **Reply #7533 on:** July 31, 2015, 03:19:36 PM »

Not really other than with Chase who only wants you to have a certain amount of credit. But, you can just tell them to move credit around or whatever. You have no concerns here.

Dr Rick Daris · « **Reply #7534 on:** July 31, 2015, 03:32:04 PM »

Quote from: steve dave on July 31, 2015, 03:16:02 PM

Cancel all of the annual fee ones unless you have a reason to keep them Pete. Keep your daily driver and whatever you want for the benefits.

yes. do this immediately and then just as immediately apply for a couple of new ones. either hotel or airline ones depending on what you want/need.

sys · « **Reply #7535 on:** July 31, 2015, 03:47:04 PM »

pete, i think you should threaten to quit. they're not going to lose you over a company card/personal card policy.

sys · « **Reply #7536 on:** July 31, 2015, 03:47:44 PM »

i had to lay down the law about that issue at work myself.

sys · « **Reply #7537 on:** July 31, 2015, 03:49:47 PM »

by lay down the law, i mean just sort of vaguely nod my head when they tell me to have the secretaries book my travel which they think means "ok", but i think means, "i hear you" then go on booking my own travel with my own cards.

Panjandrum · « **Reply #7538 on:** July 31, 2015, 04:06:23 PM »

Pete signs the Diners Club Card blues, too, huh?

Yeah, it sucks.

Panjandrum · « **Reply #7539 on:** July 31, 2015, 04:33:51 PM »

I want another credit card, and plan to apply for one soon. It looks like the Chase Sapphire Card may be the best get, but can I pay down my annual fee with points? Otherwise, I may do a different perks card to go with my cash card.

sys · « **Reply #7540 on:** July 31, 2015, 04:36:24 PM »

Quote from: Panjandrum on July 31, 2015, 04:33:51 PM

I want another credit card, and plan to apply for one soon. It looks like the Chase Sapphire Card may be the best get, but can I pay down my annual fee with points? Otherwise, I may do a different perks card to go with my cash card.

just cancel it when the fee hits and get different cards. you don't need to be paying fees, panjan.

Panjandrum · « **Reply #7541 on:** July 31, 2015, 04:40:52 PM »

Quote from: sys on July 31, 2015, 04:36:24 PM

Quote from: Panjandrum on July 31, 2015, 04:33:51 PM
I want another credit card, and plan to apply for one soon. It looks like the Chase Sapphire Card may be the best get, but can I pay down my annual fee with points? Otherwise, I may do a different perks card to go with my cash card.

just cancel it when the fee hits and get different cards. you don't need to be paying fees, panjan.

Thanks, sys. Good to know.

Pete · « **Reply #7542 on:** July 31, 2015, 04:49:23 PM »

Quote from: sys on July 31, 2015, 03:49:47 PM

by lay down the law, i mean just sort of vaguely nod my head when they tell me to have the secretaries book my travel which they think means "ok", but i think means, "i hear you" then go on booking my own travel with my own cards.

I am going to handle this way, whenever I have a big incentive bonus on a card to exploit. "Whoops, forgot and used the wrong card. My bad."

steve dave · « **Reply #7543 on:** July 31, 2015, 04:56:52 PM »

I forget my card sometimes too Pete. That's a winning formula for me. But then I have to keep receipts.

steve dave · « **Reply #7544 on:** July 31, 2015, 05:07:28 PM »

We use Amex but we have to pay a fee to get the MR points. It pisses me off so much.

Pete · « **Reply #7545 on:** July 31, 2015, 05:09:03 PM »

Quote from: steve dave on July 31, 2015, 05:07:28 PM

We use Amex but we have to pay a fee to get the MR points. It pisses me off so much.

We fought this hard, and got them to reimburse us for the annual fee on the points program on the Diners card. The points program is complete crap, but a fee on top of it was just awful, so luckily we got rid of that.

steve dave · « **Reply #7546 on:** July 31, 2015, 05:12:51 PM »

Pete, I know nothing about the program but it looks pretty decent actually

http://thepointsguy.com/2014/10/diners-club-rewards-launches-transferable-points-program/

steve dave · « **Reply #7547 on:** July 31, 2015, 05:14:09 PM »

They actually look better than MR points

Pete · « **Reply #7548 on:** July 31, 2015, 05:22:53 PM »

Quote from: steve dave on July 31, 2015, 05:12:51 PM

Pete, I know nothing about the program but it looks pretty decent actually

http://thepointsguy.com/2014/10/diners-club-rewards-launches-transferable-points-program/

We were pissed that the Southwest points weren't 1-to-1, since they are always trying to get us to fly Southwest. It's 1,500:1,200. I can get 1 to 1 on Delta, which is a biggie. However, my new Sapphire card can't get me Delta, so that stinks that I don't have a major American international carrier in common between work Diners and Sapphire.

Pete · « **Reply #7549 on:** July 31, 2015, 05:28:41 PM »

No United and no American is tough for a bunch of Northeastern city and Texas types that I work with.

I really should do more with Alaskan.