Any good bonuses on credit cards right now? (Jan 2022)

Already have Chase Freedom, Amazon (Chase), US Bank Cash+ Discover, AMEX, Wells Fargo 1.5%, all used for different expenditures to maximize cash back.

Thinking about getting the Wells Fargo 2% and closing the Wells Fargo 1.5%, and any others that overlap in cash back categories but at a lower rate.

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Obviously if you can up WF from 1.5 to 2% it makes sense to do so if the WF card fits into your needs.

My evaluation framework -

1. How much spend do I really have to maximize benefits of various cards? In my case I found that I had too many cards and wasn't able to really benefit from all they offered.

2. Which spend category am I not maximizing already? You have the Prime card already that takes care of all Amazon expenses. You have the Freedom for the rotating categories. What other major categories do you have - travel, gas, streaming, groceries, utilities, telecom? If the spend is trivial then there is no point chasing a card for it.

3. Do I have an existing financial relationship e.g. bank, brokerage, credit union etc that offers a solid credit card option? e.g. Fidelity has a 2% anywhere option. BofA offers a reward multiplier that could yield more than 5% on select categories

4. How many cards can I manage effectively? There is a point when you can have too many. For me, 10 cards was too many and I started cutting back.

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