How Many Credit Cards Should I Have (Find Out NOW)

6 months ago
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How many credit cards should I or YOU have? You’re about to find out! See the surprising differences between using 1 credit card for everything vs. using 2, 3 or more credit cards together. Click “Show More” to see Ad Disclosure.

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00:00 - Intro
1:03 - The Experiment
05:32 - 1-Card Setup (Cash Back)
6:50 - 2-Card Setup (Cash Back)
7:59 - 3-Card Setup (Cash Back)
9:39 - 4-Card Setup (Cash Back)
12:42 - 1-Card Setup (Travel)
14:12 - 2-Card Setup (Travel)
15:24 - 3-Card Setup (Travel)
16:33 - 4-Card Setup (Travel)
17:40 - Results
18:50 - Key Takeaways

Are you ready to level up your credit card rewards game?

I sure am!

BUT…

I’m even more eager to SIMPLIFY my strategy. For too long, I’ve been using 5-8 cards on a routine basis, but something tells me the added value of doing so may not be that much greater than using 3-4 cards.

So, from cashback to travel points, I’ll break down the strategies that could help you earn more while spending wisely (and WITHOUT getting overwhelmed).

Choosing the right credit card setup is crucial for optimizing your rewards, but it's not just about the points or cashback percentages. Although I’ll be focusing ONLY on the rewards earning potential for each credit card setup, always keep in mind the importance of considering annual fees, the value of statement credits, and other benefits that each card offers. After all, what good is a high rewards rate if it's outweighed by hefty annual fees? The reason why I’m excluding them from our discussion in the video is because nearly everyone values benefits differently (some of which may allow you to completely justify the annual fees), and some of those benefits (including statement credits) may go totally unused some years or every year (that’s my case with the Amex Platinum Card and Chase Sapphire Preferred, for instance).

Whether you're a seasoned points collector or just starting to dip your toes into the world of credit card rewards, this video has something for everyone. Join me as I navigate the intricacies of maximizing your credit card rewards and help you make informed decisions about your financial strategy.

That said, it's essential to acknowledge the hassle factor that comes with managing multiple cards. From remembering payment due dates to tracking spending across various accounts, juggling multiple cards isn't for everyone. If that sounds like you, I’ve got some good news: Using a single credit card (or up to 2) can STILL be highly rewarding!

Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, Biltrewards.com and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

#creditcards #bestcreditcards #creditcardstrategy

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