I'm clearly doing it all wrong, and something that was supposed to get me ahead is holding me back. I have too many cards and I haven't figured out what to spend on and what not to. What’s your strategy for managing multiple cards and avoiding missed payments or overspending?

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I have 14 credit cards cards. All are set to autopay full statement balance around the 25th each month. I automate most of my finances and have re-occurring bills charged each month to the right credit card that maximizes value back for the spend in that category. On a daily basis, I keep 3 cards physically in my wallet, 1) dining, 2) gas, 3) catch all card. All my cards are in my Apple wallet and physically labeled with Sharpie which category to put spending on. For online transactions, I already have the right cards for the category saved in payments.

You can’t play the credit card points game until you’re able to pay off the card in full each month, excluding when you have a 0% APR intro offer.

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The key is to simplify and strategize. I focus on assigning each card a specific purpose like one for groceries and dining, another for travel, and one that offers good general rewards. I set up automatic payments and reminders so nothing is missed, and I keep track of spending with apps or spreadsheets to avoid overspending. The goal is to maximize rewards without letting the juggling act lead to debt or missed payments.

For the most part, I focus my spending on one or two cards in a given month and ignore the rest unless I have a good reason (if I'm staying at a Marriott, I'll use that card for the stay). I may switch out the one or two main cards for a bonus promotion, like currently Hyatt is offering 5x points on groceries, gas, and restaurants.

Always, always, always pay off the balances on time because the interest and fees exceed the points values.

It was an email from Chase sent in late July. Try logging into Chase and see if you can find it.

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