How I PRACTICALLY Use All 10 Of My Credit Cards

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Hey guys, in this video, I discuss exactly how I use each one of my 10 credit cards in my overall credit card setup. I frequently get asked how and why I have so many credit cards, so I wanted to cover that in detail here today. Not only do I discuss my practical use case for my credit cards, but I also cover how to keep all of your credit cards active, even if you don't use them very frequently, as well as what to do when a credit card isn't worth it for you anymore. So if you've ever wondered how to keep your credit cards active, when to downgrade or cancel a credit card, and/or how and why I have so many credit cards, this video is for you!

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📚 Chapters:
00:00 The Gameplan
00:56 How To Keep Your Credit Cards Active
03:41 How I Track My Credit Card Transactions
05:27 How I Use Each Of My Credit Cards
05:53 OG Chase Freedom
06:45 Chase Freedom Unlimited
07:39 Chase Sapphire Reserve/Preferred
08:20 Citi Custom Cash
08:40 Amex Gold
09:30 Amex Blue Business Plus
10:19 Chase Ink Cash
11:12 Capital One Venture X
11:55 Amex Amazon Prime Business
12:22 Marriott Bonvoy Boundless
13:01 Amex Centurion Card (Black Card)
13:25 When To Downgrade/Cancel A Credit Card
15:46 Credit Card Point Diversity

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#creditcardsetup #creditcardstrategy #creditcards

[germananditravels]

This is true, I have 12 cards and people look at me like I'm insane and have a tons of debt, even though they stay at a 0 balance. I sometimes just tell them it's a lifestyle lol

[DJOctober]

I’m getting to the point where I’m only using one card for one category. I’m def gonna take it slower this year and garden until 2025. I may open a Business Plat in the summer if I get an upgrade, but that’s probably about it unless a crazy offer comes out.

You’ll have a centurion card sooner or later! 💪🏼

Love your content.

- Ivan

[Rhaegar]

How do you get your chase cards to work with max rewards? Mine Havnt synced in months

[TheCreditFrog]

Great collection Spencer! It's definitely growing nicely since you first started. I agree that it's important to keep those older cards open to keep that AAoA high! Pretty important as you grow your portfolio - wondering how many credit cards it will take you before you start to downsize, or will you keep as many open as you can? We'll have to see 😄

[flech]

@SpencerJohnsonOfficial, Build a 2 maybe 3 credit card set up for the "every person" that maximizes value with the least amount of effort/thought required.
This mythical "every person" may or may not travel, they may or may not travel internationally, they may or may not fly and they may or may not travel with a second person.

[Charrito-_-]

I just applied for the Amex gold and got approved today, it makes it my 5th card and I’ve been really smart with managing my payments on time, this video helps a lot being able too see how you manage your cards !!

[druiz]

When its been a 4 months and I haven't applied for a new card I start to get anxious.. 😅

[Dong_Kim]

Lol, I also rotate a 2.99 iCloud storage subscription onto lesser used cards 😂

[kaina]

Thanks for the advice on paying streaming services on cards to keep them active. I made that change last night.

[MontyTheCardNerd]

I think your credit card setup is incredible, so optimized for team travel but still with a lot of flexibility. And agree with your thoughts on downgrading or cancelling cards, though perhaps it's reasonable to cancel a no annual fee Amex card if it'll get you under the 4/5/6 total card rule and you want to get another Amex card that you get more value from. Also, love seeing Oden in the background, he looks so comfortable!

[pole-star]

Nobody has mentioned that the Amazon prime cards are now giving 6% cash back on certain eligible items (and there seems to he quite a bit eligible) on anything purchased with no rush shipping.

A while back they added no rush shipping to combine more items into one box. The digital credits they sometimes gave you weren't worth it to me.. but 6%? I'm doing everything no rush right now!

[NicholasA]

I had to cancel my first card because it was with a horrible bank and served me no purpose. Luckily my second account was opened a couple months later, so it didn’t hurt my credit length by that much.

[orbiplex]

My oldest credit cards have no annual fees and are credit union cards which I keep active by charging something two or three times a year. Great video.

[MattWelterOfficial]

Haha totally feel that- my parents & lots of people I tell that I have 11 Credit Cards think it's wild and that I'm being irresponsible haha. In reality though, if you make sure to pay your CC Statements on-time in full and have specific use cases for each of your cards (even if some of them are just to build the length of your credit history), then having a lot of Credit Cards can be a major tool, especially for Points & Miles enthusiasts like us! Great video Spencer!

[jordanww]

Great video! I have a lot of cards too (28)! I enjoyed seeing how you manage and use your cards! Thank you for all the tips and info!

[foto]

I have 12 cards right now. I think they all get spend every month other than one of my Hilton cards. Like you, cards like my Platinum and my Chase Preferred don't get used that much but I have a subscription or two on it (which also triggers a coupon). sure I will get to a point at some point where I will have cards that don't get used for months but not there yet.

[MikeMaye]

Sometimes I hate having so many cards but I do get good value from (most) of them. You have a good cc haul 💥

[billionaireclub]

Just opened my business card from chase. Can I pay my bills and mortgage with it? To reach my $6, 000 goal.

[ChaseYokoyama]

Ewwww why would you have 10 credit cards? I just use cash for everything. Credit cards just equal credit card debt!

[Rowdyyy_rod]

Great video. But there’s no way you’re making the gold card worth the annual fee now that’s it taken a back seat to your sapphire reserved?