If you regularly pay with one credit card, chances are you regularly pay with a few more, too. Whether they’re for balance transfers or redeeming rewards, credit cards offer lots of powerful advantages. With great power, though, comes great responsibility. 

Each of your cards offers different benefits, but they also add to your pile of balances and bills due. And, if you don’t manage each of your cards carefully, you risk long-term damage to your credit score and lingering problems related to debt. 

It’s thankfully both possible as well as viable to manage multiple credit cards and enjoy the rewards and discounts they offer. 

Read on for three of the most innovative tips to remember if you want to manage multiple credit cards effectively:

  1. Collect Each of Your Card’s Conditions

First thing’s first: you need to gain a good grasp of the different limits and terms behind your credit cards. Most credit cards have their own terms, limits, and features such as different APRs and 0% APR periods. You also need to keep track of each card’s interest rate and remember which of your cards’ rates is the lowest. 

Collecting the conditions behind each of your cards makes it much easier to manage them and make more educated transactions. Make sure you organize key conditions including:

  • APRs
  • Interest rates
  • Payment periods
  • Rewards program details

With so much information to stay on top of, you’re likely wondering where you should organize it. Fyncr lets users manage multiple credit card bills and spend on exciting rewards from amazing partners all in one place. 

  1. Use the Right Card for the Right Transaction

Each card in your arsenal should serve a specific purpose. The cards you keep in your wallet are all like tools in a toolbox: each is best suited to a strategically placed purchase.

More often than not, your rewards are what make it easiest for you to decide which card to use and when. Your cashback rewards card, for instance, may offer three percent back on spending categories such as dining, gas, and online shopping. With this information in mind, it’s a good idea to adjust your credit card payments once you know the categories you spend the most in.

Check the perks your different cards offer apart from their rewards, too. You should consider more than just the rewards your cards offer as perks like travel accident insurance or car rental insurance can go a long way toward savings in certain situations.

  1. Stay On Top of Your Dates

There’s a lot of strategy that goes into managing multiple credit cards, and no strategy is complete if it doesn’t consider dates. Credit cardholders typically need to stay on top of these three important dates:

  • Closing dates
  • Payment due dates
  • Annual fee dates

You need to know the payment due dates of each of your cards to avoid getting dinged by fees or interest accrual. Closing dates remind cardholders of the last day they’ll see charges added to a cards’ monthly statements. And annual fee dates apply to each of your cards on the month you first opened an account for them. 

It’s much easier to stay abreast of your important dates with automatic bill payments. Fyncr lets users set up autopay from the payment source they choose so that staying on top of their dates is doable from a single platform. From there, sit back and enjoy your personalised rewards across your choice of brands.