What credit cards should I keep?
NOTE: I am just really looking for advice and sharing my thought process, please be nice in the comments. Thank you!
For context, I used to only have 2 credit cards:
- UnionBank Visa U
- Maya Landers Cashback
My first credit card is Maya. Unfortunately I didn't get to apply for Maya Black, because Landers was the first one to be released. It's a good beginner card for sure, and I really like the feature where the CVV can be generated and can be used for a day (which is best for online purchases).
I then applied to other banks, but sadly they're not recognizing Maya as a credit card. That being said, I opted to apply for other banks so I can have a credit card with known banks. UnionBank was the only one that approved me, hence having the UnionBank Visa U.
Fast forward to today, I applied to UnionBank again for the rewards card (which I thought would be eligible for the NAFFL promo, but I did not read the fine print lol), BPI Amore Cashback, and BDO Gold Visa. I got approved by all with the following details:
- UnionBank Platinum Rewards Card: CL 50,000
- BPI Amore Cashback: CL 21,000
- BDO Classic Visa (yes I didn't get Gold): TBA because it hasn't been delivered to me yet.
I have to be honest, my reason for applying again is not incredibly sound. I want to cut my Maya CC because I feel like I'm wasting time with it, especially that I don't really stop by Landers a lot. I do get a lot of cashback, but if I'm not really visiting Landers a lot, what's the point of keeping it?
There's nothing particularly wrong with my UnionBank Visa U, but I feel like there's wasted potential if I am gonna keep using it and it's not really getting anything like rewards points or cashback. Hence me applying for a rewards card + BPI Amore Cashback.
As for BDO, well, my use case for this is their partner merchants are the places I go to + I frequent SM + it has been my bank for years. So it would be pretty easy to build a relationship with them given that.
So my question is, which ones should I keep? I plan on keeping only 2 cards for the meantime, one to replace my Maya as my daily driver and another for probably big purchases/groceries/utilities (although I haven't been really spending a lot on them since I'm still living with my parents, but I'm planning to move out soon). I'm open to keeping 3 but I'm worried about the annual fees.
Hoping to hear your advice, reminder again to please be nice. Thank you!