If you're
juggling multiple rewards card accounts at one time, keeping track of your payment due dates and how much you owe on each card can be tricky.
If you apply for
multiple reward cards in a short period of time, you will have to ensure that you can meet that level of spending.
-- Using one rewards card consolidates points, but having several lets you be sure every dollar spent earns you something back... (
See Multiple rewards cards)
If you
use multiple rewards cards to always try to maximize your return on spending, be very careful not to overextend yourself and carry a balance.
If you plan to have
multiple rewards cards, figure out how you will use each one.
If you have
multiple reward cards, like me, you may not charge all the purchases on one card.
If you have
multiple reward cards, there is probably one that you seldom use.
See related: 6 questions to ask when choosing a rewards card, Getting the most out of
multiple rewards cards, 7 ways to track your rewards like a pro
This can be particularly inconvenient for cardholders with rotating categories, or someone who has
multiple rewards cards to capitalize on different category types.
See related: Video: How to save on a national park vacation, Summer spending: Plan, set budget for more fun, less debt, Getting the most out of multiple rewards cards