HOW TO KEEP TRACK OF MULTIPLE CREDIT CARDS

Many people, have multiple credit cards . But having too many credit cards can often be too much to juggle . It can lead you to lose track of some of your credit cards which can be a devastating mistake . You may have a bulging wallet filled with credit cards can be happy . 

1. PAYING YOUR CREDIT CARD BALANCE TIMELY : Why is it detrimental to your credit if your credit cards are a mess, you ask ? Each credit card you have is unique in many aspects.

2. THE PERFECT TIME TO PAY YOUR BILL : To add to that, there's that perfect time to pay a credit card bill . It is best to pay a card balance after the card statement prints each month . That makes it clear to the credit bureaus that your cards is active and being used . If your card has no balance for a few month, it is seen as inactive by the scoring models . At that point, the will no longer help your credit scores . 

3. PAYING THE CARD'S ANNUAL FEE : We talk about paying a credit card bill timely . On top of that , many credit cards have an annual fee . An annual fee is a fee that a cardholder has to pay . It is usually a lump sum once a year . You need to pay the fee in order to remain a member of the card . 

4. MAXIMIZING REWARDS : Another aspect you would lose out on if your credit cards are out of hand , is on card rewards . Many cards have amazing rewards structures and earn points on many categorized purchases such as travel , dinning , groceries , gas , shopping , and more . 

5. KNOWING HOW TO USE YOUR CARDS : In order to earn the cashback , you have to actually pay for the gas with the card . But if you've got no clue that you can earn cashback when you use the card for gas , you'll be missing out on those rewards . If you are oblivious to which rewards your card earns an which card to swipe for each purchase you make , you gain nothing from the card rewards . which is a shame . 

6. REAPING CARD BENEFITS : Many credit cards also have benefits which may enhance your travelling experience . This includes auto rental insurance , lost luggage reimbursement , no foreign transaction fees , and more . There are also benefits that come in handy when shopping . Purchase protection , extended warranty , and price protection , are some examples .