This is true, I have 12 cards and people look at me like I'm insane and have a tons of debt, even though they stay at a 0 balance. I sometimes just tell them it's a lifestyle lol
@SpencerJohnsonOfficial
9 ай бұрын
Hahah right?! If you use em responsibly, it can be a very rewarding hobby for sure.
@germananditravels
9 ай бұрын
@@SpencerJohnsonOfficial absolutely! I've gotten so much great value from them for my travels, especially in Spain 🙏🏻
@Charrito-_-
9 ай бұрын
I just applied for the Amex gold and got approved today, it makes it my 5th card and I’ve been really smart with managing my payments on time ,this video helps a lot being able too see how you manage your cards !!
@TheCreditFrog
9 ай бұрын
Great collection Spencer! It's definitely growing nicely since you first started. I agree that it's important to keep those older cards open to keep that AAoA high! Pretty important as you grow your portfolio - wondering how many credit cards it will take you before you start to downsize, or will you keep as many open as you can? We'll have to see 😄
@SpencerJohnsonOfficial
9 ай бұрын
Thank you brotha! Keeping those older accounts active is key. I definitely foresee myself downsizing in the future, but for at least the next couple of years I think SUBs are gonna continue to be the priority. We'll see though!
@kaina732
9 ай бұрын
Thanks for the advice on paying streaming services on cards to keep them active. I made that change last night.
@MikeMaye
9 ай бұрын
Sometimes I hate having so many cards but I do get good value from (most) of them. You have a good cc haul 💥
@SpencerJohnsonOfficial
9 ай бұрын
Haha I know exactly how you feel. The value is hard to pass up on though! Thanks for watching my man!
@jordan23ww
9 ай бұрын
Great video! I have a lot of cards too (28)! I enjoyed seeing how you manage and use your cards! Thank you for all the tips and info!
@MontyTheCardNerd
9 ай бұрын
I think your credit card setup is incredible, so optimized for team travel but still with a lot of flexibility. And agree with your thoughts on downgrading or cancelling cards, though perhaps it's reasonable to cancel a no annual fee Amex card if it'll get you under the 4/5/6 total card rule and you want to get another Amex card that you get more value from. Also, love seeing Oden in the background, he looks so comfortable!
@_jhxn
9 ай бұрын
Wait so canceling my Amex blue brings under the 5/24 rule ?
@MontyTheCardNerd
9 ай бұрын
@@_jhxn No I'm referring to an Amex rule where you can only hold up to 5 personal or business Amex credit cards at once (excluding charge cards like the Amex Platinum). Though I've heard that the limit can be 4 for some people, and 6 for others.
@_jhxn
9 ай бұрын
@@MontyTheCardNerd ohh okay thank you
@SpencerJohnsonOfficial
9 ай бұрын
Thanks so much Monty! That's a good point about the Amex 5 card rule. I was more speaking in generalities in this one as to not confuse anyone, but if I made a video specifically about downgrading and cancelling, that would definitely be something I noted. Thanks for that!!
@FatStacksAcademy
9 ай бұрын
Awesome setup man. I like how diverse it is and gives you good exit strategies for cash back. Good point on cancelling too. I got so frustrated with my Venture X that I threw it in the blender yesterday.
@SpencerJohnsonOfficial
9 ай бұрын
I really appreciate that! The Venture X is definitely becoming more and more of an annoying card, so I don't blame you lol.
@RITPA
9 ай бұрын
Love that amazon reload idea. Thank you.
@b.simmons5234
5 ай бұрын
I like your setup! Someone at work was doing same and I like the idea. I’m going to do same each one has different purposes.
@Dong_Kim
9 ай бұрын
Lol, I also rotate a 2.99 iCloud storage subscription onto lesser used cards 😂
@SpencerJohnsonOfficial
9 ай бұрын
Hahah I love to see it.
@MattWelterOfficial
9 ай бұрын
Haha totally feel that- my parents & lots of people I tell that I have 11 Credit Cards think it's wild and that I'm being irresponsible haha. In reality though, if you make sure to pay your CC Statements on-time in full and have specific use cases for each of your cards (even if some of them are just to build the length of your credit history), then having a lot of Credit Cards can be a major tool, especially for Points & Miles enthusiasts like us! Great video Spencer!
@SpencerJohnsonOfficial
9 ай бұрын
Hahah it's the way it goes for us enthusiasts 🤣 I'm pretty sure when I tell them that it's actually a good thing for your credit score to have more cards, they think I'm crazy lol. As long as you're responsible though, this game can be really rewarding!
@CallMeLani
9 ай бұрын
Very well organized collection of cards across your spend. I love my CSR.
@SpencerJohnsonOfficial
9 ай бұрын
I appreciate that!! It's gonna continue to grow over time, but I like to check up on it here and there to make sure my spending is allocated correctly. The CSR has been great!
@orbiplex
9 ай бұрын
My oldest credit cards have no annual fees and are credit union cards which I keep active by charging something two or three times a year. Great video.
@SpencerJohnsonOfficial
9 ай бұрын
That's the way to do it in my opinion! Thanks so much for watching!
@Rowdyyy_rod
4 ай бұрын
Great video. But there’s no way you’re making the gold card worth the annual fee now that’s it taken a back seat to your sapphire reserved?
@Rhaegar7504
9 ай бұрын
How do you get your chase cards to work with max rewards? Mine Havnt synced in months
@DJOctober
9 ай бұрын
I’m getting to the point where I’m only using one card for one category. I’m def gonna take it slower this year and garden until 2025. I may open a Business Plat in the summer if I get an upgrade, but that’s probably about it unless a crazy offer comes out. You’ll have a centurion card sooner or later! 💪🏼 Love your content. - Ivan
@vijayanbalasubramanian8837
9 ай бұрын
Love your content. Why do you need backup credit cards? Is it purely for lowering your credit utilization or something am I missing?
@SpencerJohnsonOfficial
9 ай бұрын
Thank you so much!! One of the side effects of more cards is a lower overall credit utilization, but the simple answer to your question is that sign up bonuses are the way to get the most points possible from the credit card game, so the more cards the better in that sense. There's more to it than that, but it basically all comes down to maximizing spend through welcome offers.
@vijayanbalasubramanian8837
9 ай бұрын
@@SpencerJohnsonOfficial That makes sense.
@412foto
9 ай бұрын
I have 12 cards right now. I think they all get spend every month other than one of my Hilton cards. Like you, cards like my Platinum and my Chase Preferred don't get used that much but I have a subscription or two on it (which also triggers a coupon). sure I will get to a point at some point where I will have cards that don't get used for months but not there yet.
@chadpennycuff
9 ай бұрын
Great video! Early on in the game, you would care about inactivity. I've had 2 co-branded Apple cards from Barclay's close for inactivity 2 years after I paid off the 12-month no-interest MacBooks. It's been so long; both have hit the 10-year age-out period. I used to do a lot of those no-interest deals. I prefer saving up, buying it on a point-earning card, and paying it off as soon as the transaction posts.
@ronqueen1463
8 ай бұрын
Hi, I have the Chase sapphire preferred for two years now and I’m thinking about product changing it to the reserve within this month and I wanted to know if I hold the reserve for two years would I be able to downgraded to the flex, then reapply for the reserve and get the welcome bonus again?
@druiz012
9 ай бұрын
When its been a 4 months and I haven't applied for a new card I start to get anxious.. 😅
@druiz012
9 ай бұрын
Speaking of which I'm torn between the Savor and the CFU right now.... I want the C1 miles but the Chase points look really juicy...
@SpencerJohnsonOfficial
9 ай бұрын
Hahah I know how you feel! I have such a hard time passing up on Chase cards/points, but if you've been holding off on cards for a long time for the sake of the Savor One, it may be worth adding that one first. It's a tough decision though!
@pole-star2118
9 ай бұрын
Nobody has mentioned that the Amazon prime cards are now giving 6% cash back on certain eligible items (and there seems to he quite a bit eligible) on anything purchased with no rush shipping. A while back they added no rush shipping to combine more items into one box. The digital credits they sometimes gave you weren't worth it to me.. but 6%? I'm doing everything no rush right now!
@SpencerJohnsonOfficial
9 ай бұрын
Thanks for being the spokesperson of that!! That's definitely not bad if you're on team cashback. I also utilize those no rush shipping digital credits as much as I can!
@NicholasA1747
9 ай бұрын
I had to cancel my first card because it was with a horrible bank and served me no purpose. Luckily my second account was opened a couple months later, so it didn’t hurt my credit length by that much.
@SpencerJohnsonOfficial
9 ай бұрын
Unfortunately that happens sometimes! But it's great that you had another card opened right behind it. That'll help with that average age of accounts for sure!
@JakeVanderPloeg
9 ай бұрын
Solid setup for sure. I noticed you don’t have any credit one cards though, missing out on big value
@SpencerJohnsonOfficial
9 ай бұрын
I appreciate that man! Credit One is up next 😉 For anyone else reading this: this is a joke, plz don't get credit one cards 🤣
@JakeVanderPloeg
9 ай бұрын
@@SpencerJohnsonOfficial 😂😂😂
@jimmyjames6492
9 ай бұрын
Thanks for the info + video!
@SpencerJohnsonOfficial
9 ай бұрын
Thanks for being here as always man! 👊🏼
@manofthepeople2165
9 ай бұрын
Isn't it kinda redundant to have both the Venture X and the Sapphire Reserve? If your goal is to accumulate Chase points, carrying the Reserve and the Unlimited seems like it makes more sense than carrying the Reserve and the Venture X
@theyhateme2601
9 ай бұрын
If ur low on Chase pts, y not use OG Freedom for groceries this quarter?
@SpencerJohnsonOfficial
9 ай бұрын
That's a great note! I filmed this a while back and completely forgot about the 5x categories on my OG Freedom, so I'll likely be switching my grocery spend to that!
@SOXGATORS
9 ай бұрын
Another awesome video!
@SpencerJohnsonOfficial
9 ай бұрын
Dude, thanks so much for the super! That means a lot 🙏🏼
@jamieholden6444
9 ай бұрын
Great tips, thank you.
@SpencerJohnsonOfficial
9 ай бұрын
Thank you for watching Jamie!
@ghgilland
9 ай бұрын
Why not use the Freedom or Freedom Flex for groceries this quarter?
@jwil4286
9 ай бұрын
can you link to the backup wallet? where can I get one of those?
@vickiarnold7300
9 ай бұрын
You do a great job on KZitem ❤
@SpencerJohnsonOfficial
9 ай бұрын
Thanks so much Vicki!
@billionaireclub1703
9 ай бұрын
Just opened my business card from chase. Can I pay my bills and mortgage with it? To reach my $6,000 goal.
@djwashx
9 ай бұрын
Do you have a video that shows for example from this spend date to another date I earned 300k points then I used a partner site(whichever it is) to fly todubai and it covered 7 days in a top resort thanks!!!!!!!
@robertm8380
8 ай бұрын
I cancel 2 cards there are old. I just transfer lines of credit from them to new credit card before canceling. My score only went down 10 percent
@CesarJoel
9 ай бұрын
Flexing 💪 that Black Card😂 Great cards and setup Spencer! Agree 100%, keeping older cards open helps a lot with the average age of accounts. As always, great video and information brother!🫵
@SpencerJohnsonOfficial
9 ай бұрын
Hahah I'll always do it if I have the chance! 🤣 Thanks so much for the comment Cesar!
@rgandhi37
9 ай бұрын
Which backup wallet do you use?
@jwil4286
9 ай бұрын
about your Centurion card: didn't you say it's also a dead card?
@SpencerJohnsonOfficial
9 ай бұрын
It's not mine! But yes it's a dead card of a subscriber of mine.
@AhmadKhwajazada
9 ай бұрын
First channel member to comment on the video
@SpencerJohnsonOfficial
9 ай бұрын
Hahah we're opening up new categories, I love it 🥈
@jaysonpadilla9588
9 ай бұрын
If you are low in Chase, why for this Quarter you are not using your OG in Groceries currently at 5x
@SpencerJohnsonOfficial
9 ай бұрын
That's a great note! I filmed this a while back and completely forgot about the 5x categories on my OG Freedom, so I'll likely be switching my grocery spend to that!
@De_Guatemala
9 ай бұрын
With 11 business cards, AX BBP is my catch-all. 7 AX reps told me there is no limit to the number of business cards I can have.
@SpencerJohnsonOfficial
9 ай бұрын
The BBP is a super solid card! I'm glad you've gotten so much value from it!
@PingPingTravel
9 ай бұрын
I may have missed it, but do you put any tax spending on your cards? If so, which one and why?
@SpencerJohnsonOfficial
9 ай бұрын
I didn't discuss that actually! This will be the first year I pay for taxes being self employed, but I'd likely want to open a new card for those expenses. We'll see what I end up doing!
@TheUsflow
9 ай бұрын
C1 seems to be denying many high FICO applicants for the Venture X for "too many revolving accounts". I wonder if I should cancel unused no AF cards for this reason even though the usual teaching is not to. Maybe we seem less like a churner to C1 and maybe even keep out of Amex jail. I don't know whether C1's algorithm considers only active cards or closed cards too. Some banks really don't like churners.
@SpencerJohnsonOfficial
9 ай бұрын
Capital One is definitely inquiry/account sensitive with the VX. I wouldn't recommend closing cards for the sake of the VX as I'm pretty sure they don't care only about active accounts, but overall accounts in general. Even if not, I wouldn't say that the VX alone is worth all that effort, especially with them continuing to make negative changes to it, but that's just me.
@sjg6158
9 ай бұрын
No idea how your head doesn't spin with all of that. Excellent work though.
@brandonkoeller7478
4 ай бұрын
no offense but how hard would it have been to go into your car and get your card and why would you do a dumb thing like keeping it there let alone telling the world where it is?
@SpencerJohnsonOfficial
4 ай бұрын
No offense taken! One of the really beneficial things about credit cards is the fraud protection they have. Worst case scenario someone gets ahold of it, runs up a bunch of charges, I find out, report the card stolen and I’m not on the hook for the purchases since they used the banks money and not my own as would happen with a debit card. Hopefully that makes sense!
@justinrees2400
5 ай бұрын
Average age of OPEN accounts goes into credit score. Closing younger accounts with hefty annual fees that no longer benefit you is good.
@jamesyu613
9 ай бұрын
I have 10 too 😂, we need to fly or stay for free or close to that, but I only use 4
@SpencerJohnsonOfficial
9 ай бұрын
Those bonuses are awesome! And it sounds like we have the same rough breakdown of total cards we use regularly vs not.
@jamesyu613
9 ай бұрын
@@SpencerJohnsonOfficialyup I agree, to many is hard to keep track off 😅
@MyNameJim
5 ай бұрын
What card do you use for your MaxRewards subscription?
@flech3025
9 ай бұрын
@SpencerJohnsonOfficial , Build a 2 maybe 3 credit card set up for the "every person" that maximizes value with the least amount of effort/thought required. This mythical "every person" may or may not travel, they may or may not travel internationally, they may or may not fly and they may or may not travel with a second person.
@Brianpeckin
7 ай бұрын
Do it yourself
@samvilms
9 ай бұрын
It's actually funny to reflect how abnormal it is to do what we do, even though most can.
@SpencerJohnsonOfficial
9 ай бұрын
I completely agree!
@elliottnixon-wq6sp
9 ай бұрын
Re: your set up. It’s specific and a more spread out version of what most people do. You’re nabbing 4x and 5x where most people get 3x at best (and I should look in the mirror on that one). I suspect we in the credit card game spend a lot in very particular categories whereas most people don’t spend enough in one type of place to warrant anything beyond a 2% cashback card and a CSP/CSR.
@SpencerJohnsonOfficial
9 ай бұрын
That's a great observation! In reality, I'm usually spending towards a SUB effectively giving me something like 10-20x on all my purchases, but I've been holding off for a few months now so my other cards have started to become more of a necessity. Most people really don't need many cards at all though!
@RubbingPotatoes
8 ай бұрын
I don't get why you people have Soo many cards. Don't you want to close them from time to time to become re-eligible for the sign up bonuses ???
@Brianpeckin
7 ай бұрын
Lol😂 you new? Or trolling cause this is a funny question
@RubbingPotatoes
7 ай бұрын
@@Brianpeckin alright my dude. sorry I'm not part of the elitist club. Thanks for your reply, very informative and helpful I learned a lot.
@alolansandshrew1756
9 ай бұрын
Third? Or second, if the other two tie.
@SpencerJohnsonOfficial
9 ай бұрын
Close!! Unfortunately they knocked you out of the top 3, but I bet you'll get it next time 👊🏼
@alolansandshrew1756
9 ай бұрын
@@SpencerJohnsonOfficial 😯😮😲 Dislike! Unfollow! 😉
@SpencerJohnsonOfficial
9 ай бұрын
Hahah I completely understand 😉@@alolansandshrew1756
@ChaseYokoyama
9 ай бұрын
Ewwww why would you have 10 credit cards? I just use cash for everything. Credit cards just equal credit card debt!
@SpencerJohnsonOfficial
8 ай бұрын
Hahah you know what, maybe you're right 😉 Not sure why this comment got held up for the last 3 weeks, but hey, at least I finally saw it lol
@ChaseYokoyama
8 ай бұрын
@@SpencerJohnsonOfficial 🤙🏽 better late than never
@randomaccount9212
9 ай бұрын
How old are you?
@SpencerJohnsonOfficial
9 ай бұрын
23 until March!
@randomaccount9212
9 ай бұрын
@@SpencerJohnsonOfficial so you started your journey at 20? Then it’s not too late for me!
@SpencerJohnsonOfficial
9 ай бұрын
That I did! It's never too late to get started!!@@randomaccount9212
@SpencerChewitt
9 ай бұрын
🔥🔥🔥
@SpencerJohnsonOfficial
9 ай бұрын
🫡
@ronqueen1463
9 ай бұрын
Hi everyone, has anyone booked a hotel through the hotel collection through the Chase Sapphire reserve and if so, is it worth getting because at the moment I have the preferred but plan on product changing it to the reserve once the Chase lounge opens up in my city
@SpencerJohnsonOfficial
9 ай бұрын
I wish I could chime in on this, but I haven't booked any through the hotel collection since my upgrade. I hope others can help!
@SOXGATORS
9 ай бұрын
👍🏻
@SpencerJohnsonOfficial
9 ай бұрын
🫡
@mohamadmohana6912
9 ай бұрын
third
@SpencerJohnsonOfficial
9 ай бұрын
I appreciate you being here early man! 🥉
@n_0__
9 ай бұрын
first
@SpencerJohnsonOfficial
9 ай бұрын
Danggg nice work!! 👑
@RadBunny2269
9 ай бұрын
Too much talking to drag out the video. Should’ve been under 10 minutes.
@SpencerJohnsonOfficial
9 ай бұрын
I appreciate the feedback! If it's ever too long, you can always skip to the parts you're interested in since I chapter all the videos. Thank you though!
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