I have 26 credit cards — here’s how I decide which one to use


credit card payment shopping

Business Insider may receive a commission from The Points Guy Affiliate Network if you apply for a credit card, but our reporting and recommendations are always independent and objective.

The author, Holly Johnson, has 26 credit cards, but she uses a specific formula to determine which one to use.
Johnson keeps her eye out for credit card bonus categories on specific types of purchases, particularly when it comes to cards that offer 5% back in categories that rotate each quarter.
While rewards are great, there are times when it makes sense to use a specific credit card to gain consumer protections or free insurance benefits instead.

My husband and I have 26 different credit cards across our personal profiles and business accounts. I’m painfully aware of how crazy that sounds, but to me, it feels totally normal.

We have credit cards for different businesses we own, and we each have several of the same rewards cards we use to rack up airline miles and flexible travel points. I’m organized, so keeping track of a slew of different cards and their details isn’t a big deal.

Still, we never carry them all — not even close. In fact, I only carry three or four credit cards with me when I go somewhere, even though sometimes I do trade cards in and out of my wallet. And even that might sound like too many for some people, but keep in mind that each card has a purpose.

Here’s how I decide which credit card to use for everything I buy:

Which card offers the most points or miles?

Since I mostly use credit cards to earn rewards, the first question I ask myself is which of my favorite cards will dole out the most points or miles for any purchase.

I always use my beloved Chase Sapphire Reserve card …read more

Source:: Business Insider

      

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *