How many credit cards do you have?

planteria

it's a good little setup Drp..:)
i would have similar if it wasn't for still playing the stoozing game

terafarma

7 credit cards in all.

1. Barclaycard Amex/Visa cashback. Daily spend cards for cashback,1%Amex, 0.5% Visa.
2. MBNA Amex /Visa cashback. Backup to Barclaycard. 1%Amex, 0.5% Visa.
3. American Express Everyday Platinum cashback credit card 0.5%.
4. Halifax Reward Mastercard Clarity credit card with £5 rewards for monthly £300 spending. Main card for use when travelling abroad.
5. Saga Platinum Visa credit card, Backup for the Halifax credit card for use when travelling abroad where Mastercard isn't accepted or is available.

Thinking of closing the American Express Platinum cashback credit card 0.5% one and the Saga credit card, to streamline the number of cards that I have down to five.

Coveredinbees!!!!

Sorry for the late reply the new card is a Post Office card as stated by Candy Apple. I need some ready cash so will spend on the 0% and keep the cash aside. It's all well under control and can be paid off if need be. Worst case is I'll have to pay a bit of interest on my mortgage again

planteria

thanks Cib
so the MBNA 'dual' is the same rates as the Barclaycard 'dual', terafarma? i didn't know MBNA were paying out so well..
i wouldn't bother with the Saga card, but isn't the Amex card building up to a tier above 1%? i try to get my Amex card through the 3.5k threshold asap & then i know i am generating 1% and beyond:cool:

terafarma

Hi planteria, yes, the MBNA Amex /Visa cashback cards pay the exact same cashback as Barclaycard Amex /Visa cashback. I chose Barclaycard over the MBNA one as it has longer payment due date by direct debit, more so, Barclaycard tend to be more generous and accommodating to my requests than MBNA. As for the American Express Everyday Platinum cashback credit card and it's tiered cashback generations and payment, I'll rather have the assurance of 1%cashback across the board than speculate on getting a higher cashback rate above the current 0.5 %, and a yearly spending above £3500 which I may not achieve in a year. I'll not bother with Saga anyway as I'm getting rid of it pretty soon. Thanks. Terafarma.

TheRed

Currently have 3.

Barclaycard - £15 used/£2200 limit
MBNA - 895/1000
Halifax - 2425/3000

Having the cards didn't impact my credit reports as much as using them has.

Dandytf

2 current cards during dmp

Capital One 450 limit 0 balance
Cashplus 200 limit 0 balance.

planteria

interesting tera
i assume, like the Barclaycard, that if the MBNA 'dual' account is available it is only available to existing members. i have just started a long BT deal on one of my two Platinum cards with them, so it doesn't really matter to me in the foreseeable, but it's good for us all for them to be in the cashback game.
and fair enough re. Amex. whatever is best for you, of course. my account notches up to 1.5% once i've spent 10k.

Mahsroh

Currently have 3:

HSBC £0 Balance / £1,000 Limit
Halifax £0 / £6,900
Tesco Clubcard £600 / £4,000 (currently 0% until November, will pay outstanding balance from savings when 0% period ends).

It has not always looked this healthy!!

Dan83

I have 3
Tesco 0% on purchases for anything I'm not going to pay in full

Asda for everything bought from asda 1% cash back

Halifax, anything bought on eBay