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Seeking advice. I'm having trouble handling monthly finances and week budgets with multiple credit cards. What should I do? (lemmy.selfhostcat.com)

submitted 1 day ago by [email protected] to c/[email protected]

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I feel I should get rid of them or stop using them but most have good benefits so I am unsure what I should do. I tried using YNAB but it isn't how I think about money. I really need to stick to my budget but with my partner and child I feel money is constantly flowing out.

Sams card great for Sams and gas. Free. Only use for the above.
PNC unlim good all around and free.
Older PNC card, told not to cancel because it is free for my credit. Only pay utils on it. Not worried about this one.
Amazon card, 5% discount on amazon for family essentials, free.
Amex, 95$, good all around, and great customer support.

I'm thinking I should possible cancel Amex and Amazon because they easily add up, then focus on just using my main PNC unlim card. Thoughts on this?

The Amazon discount and Amex purchase protection are both nice but having more than one with so many purchases as a family is stressful.

I don't see any reason to cancel the old PNC card or Sams card. Use around 100$ a month on them.

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[–] [email protected] 1 points 1 day ago (2 children)

Yes I think it’s also 5% at Sam’s.

Thanks for your advice! Would you cancel or keep the Amex? It does have benefits, especially in purchase protection and good customer service, but it’s not free. I do make that fee back though, but I could be using that $95 elsewhere.

[–] IceBear 1 points 10 hours ago

Have you ever used the purchase protection from Amex specifically? Cause a lot of places tend to have decent return policies. Do you often use the Amex in a situation where you would actually need their specific protections? If you’re worried about fraud, a lot of cards have good protection from fraudulent charges. I’ve had three different instances of fraudulent charges on various cards and have always been able to get the card company to handle it, and it has always turned out ok for me. Obviously, that can’t always be the case, but in my experience, it is not necessary to pay for a card for the added protections.

Personally, I have three cards. One stays on the drawer and is from a specific company and only used for a monthly charge from that company to get a discount and is setup for auto pay. I carry two cards with one being my main and the second is there in case there are issues with my main for some reason.

[–] Today 2 points 1 day ago

I would probably keep it. It likely has trip cancellation and rental car protection and things like that.