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Seeking advice on new ways to easily use sock-drawered cards 3-4 times a year.

 

Thanks to CB, I have 350k+ CLs distributed between 21 "major" credit cards (and 2 store-only cards - Lowe's, Amazon)

 

The major players are (by total credit issued, not including NPSL or Signature/World Elite flexibility) -

 

Synchrony

AMEX

NFCU

Chase

Capital One

Barclays

Bank of America

CITI

 

with Nordstrom's, Discover, Comenity, Wells Fargo, US Bank bringing up the rear.

 

I've been following a schedule to pull cards and physically using them for gas, drive-thru's, etc. then PIF-ing them right away.

 

I don't know if electronic wallets are easier/safer. Please chime in.

 

Advice on how to do it easier is much appreciated!!

 

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I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

 

I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

Ditto... but I only have 14... 1/3 easier... :yu:

 

 

Thanks guys :-)

 

I am just trying to reduce the tedium of card rotations... not that I don't appreciate what having and maintaining good credit is all about.

 

Plus I want to streamline those purchases so I don't waste dollars on non-rewards cards etc.

Edited by MistralsDaughter
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I just buy $.50 Amazon gift cards every couple of months.

 

You do that online I assume? How do you redeem the GCs?

 

You can buy the e-mail code ones and then you just redeem the code when you want to make a purchase.

 

Edit: you can also schedule them for future purchase which may make your life a bit easier

Edited by Big Bear
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I've heard that Amazon trick before...that might work. What I ended up doing was taking my sock drawer cards (the more obscure ones that I will NEVER carry on me regularly) and using them for the stuff I auto-pay monthly (utilities, Netflix, etc) and then PIF. This way I never have to worry about rotating any of them with any frequency...and lowers the number I DO have to remember to use for things like the Amazon trick.

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I just buy $.50 Amazon gift cards every couple of months.

 

You do that online I assume? How do you redeem the GCs?

 

Yes, online. They email a code to you that you enter into your account and it will credit your account with the amount.

 

 

 

 

I just buy $.50 Amazon gift cards every couple of months.

 

You do that online I assume? How do you redeem the GCs?

 

You can buy the e-mail code ones and then you just redeem the code when you want to make a purchase.

 

Edit: you can also schedule them for future purchase which may make your life a bit easier

 

 

That's cool. Plus its not a lot of money that it takes away from earning more worthy rewards on other cards

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I just buy $.50 Amazon gift cards every couple of months.

 

You do that online I assume? How do you redeem the GCs?

 

Yes, online. They email a code to you that you enter into your account and it will credit your account with the amount.

 

 

 

 

I just buy $.50 Amazon gift cards every couple of months.

 

You do that online I assume? How do you redeem the GCs?

 

You can buy the e-mail code ones and then you just redeem the code when you want to make a purchase.

 

Edit: you can also schedule them for future purchase which may make your life a bit easier

 

 

That's cool. Plus its not a lot of money that it takes away from earning more worthy rewards on other cards

 

 

Agreed. I've done the gift cards, $5 starbucks cards, etc to accomplish those two things: keep cards active and maximize the rewards earning expenses.

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I've heard that Amazon trick before...that might work. What I ended up doing was taking my sock drawer cards (the more obscure ones that I will NEVER carry on me regularly) and using them for the stuff I auto-pay monthly (utilities, Netflix, etc) and then PIF. This way I never have to worry about rotating any of them with any frequency...and lowers the number I DO have to remember to use for things like the Amazon trick.

Also a great idea. My wife and I do this with Hulu, Netflix,etc. 'Inexpensive' reoccurring expenses.

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I've heard that Amazon trick before...that might work. What I ended up doing was taking my sock drawer cards (the more obscure ones that I will NEVER carry on me regularly) and using them for the stuff I auto-pay monthly (utilities, Netflix, etc) and then PIF. This way I never have to worry about rotating any of them with any frequency...and lowers the number I DO have to remember to use for things like the Amazon trick.

 

I have some that I put Netflix, HULU, util on...

 

But I'm also looking for strategies that give me real rewards faster by focusing on the heavy-lifter, daily-driver cards than having to distribute spending over a greater number of cards... just to accomplish occasional usage

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I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

 

I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

Ditto... but I only have 14... 1/3 easier... :yu:

 

 

Thanks guys :-)

 

I am just trying to reduce the tedium of card rotations... not that I don't appreciate what having and maintaining good credit is all about.

 

Plus I want to streamline those purchases so I don't waste dollars on non-rewards cards etc.

 

Don't kill yourself with worry to save $20 bucks in a year in lost rewards... this is supposed to fun as well as rewarding...

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I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

 

I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

Ditto... but I only have 14... 1/3 easier... :yu:

 

 

Thanks guys :-)

 

I am just trying to reduce the tedium of card rotations... not that I don't appreciate what having and maintaining good credit is all about.

 

Plus I want to streamline those purchases so I don't waste dollars on non-rewards cards etc.

 

Don't kill yourself with worry to save $20 bucks in a year in lost rewards... this is supposed to fun as well as rewarding...

 

I agree. It's not that much in rewards that you would likely be missing. I think the easiest is the Amazon gift card method mentioned above at $0.50 per card with your 21 bank cards will only be $10.50 of future Amazon spend that you are prepaying by buying gift cards each time you do it. I think that is worth doing once or twice per year even if you have a card that gives you 5% cash back on Amazon.

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I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

 

I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

Ditto... but I only have 14... 1/3 easier... :yu:

 

 

Thanks guys :-)

 

I am just trying to reduce the tedium of card rotations... not that I don't appreciate what having and maintaining good credit is all about.

 

Plus I want to streamline those purchases so I don't waste dollars on non-rewards cards etc.

 

Don't kill yourself with worry to save $20 bucks in a year in lost rewards... this is supposed to fun as well as rewarding...

 

I agree. It's not that much in rewards that you would likely be missing. I think the easiest is the Amazon gift card method mentioned above at $0.50 per card with your 21 bank cards will only be $10.50 of future Amazon spend that you are prepaying by buying gift cards each time you do it. I think that is worth doing once or twice per year even if you have a card that gives you 5% cash back on Amazon.

 

 

How often do you process transactions to keep cards open without risking AA or Closure

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I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

 

I do the same. Lunch or ice cream. Something simple,pif and mo v e on.

 

Ditto... but I only have 14... 1/3 easier... :yu:

 

 

Thanks guys :-)

 

I am just trying to reduce the tedium of card rotations... not that I don't appreciate what having and maintaining good credit is all about.

 

Plus I want to streamline those purchases so I don't waste dollars on non-rewards cards etc.

 

Don't kill yourself with worry to save $20 bucks in a year in lost rewards... this is supposed to fun as well as rewarding...

 

I agree. It's not that much in rewards that you would likely be missing. I think the easiest is the Amazon gift card method mentioned above at $0.50 per card with your 21 bank cards will only be $10.50 of future Amazon spend that you are prepaying by buying gift cards each time you do it. I think that is worth doing once or twice per year even if you have a card that gives you 5% cash back on Amazon.

 

 

How often do you process transactions to keep cards open without risking AA or Closure

 

I usually do it twice per year. January and July.

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I can pay my phone bill online $1 at a time. ;)

 

This made me smile :-)

 

Is there a benefit to that? :angel:

Aside from making sure every card gets used at least once every two months, every time I make a bill payment via Discover Bank they pay me $0.10. Actually, now $0.20 until the end of the year. :)

 

Shafting Disco for $5 a month feels good. Think of it as Karma for a $500 CLI hard pull. ;)

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