ST Alpha - "(I’ll probably ask again in the morning) Still working on that trip to Europe and I wonder why I should get multiple credit cards." (Reading a Post)

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(I’ll probably ask again in the morning) Still working on that trip to Europe and I wonder why I should get multiple credit cards.

Posted by Mop🧹 (aka rburriel) Feb 6 '24, 21:55

If a credit card is going to give me 60,000-ish miles if I spend $3-4,000, and I expect to pay multiples of that on the trip, why don’t I have 3 credit cards and just pay parts of the trip on each? Of course, there’d be a credit score hit, but with my savings in the bank, the credit cards would all be paid off almost immediately which would presumably resurrect my credit score once again.

Responses:

There's no problem unless you have major credit needs in short term (wanting to refinance mortgage, etc.) -- nm - psilotum Feb 6, 22:59
That smoldering crater is my credit card having just dropped nearly 5-figures on plane tickets. - Mop🧹 Feb 6, 22:57 4
- It might have been cheaper to travel in the cheapest coach and buy Apple Vision Pros for the three of you! -- nm - David Feb 6, 23:07 3
  - We could all just sit in the living room and pretend! -- nm - Mop🧹 Feb 6, 23:18 2
    - I could swear I was playing virtual skee-ball! -- nm - mafic Feb 7, 04:45
    - but the cost of doordashing all that french food would make it more expensive than going there. -- nm - zeitgeist Feb 7, 00:01
FWIW, it takes two years for a credit hit to come off your report and restore your previous level. - David Feb 6, 22:18

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(I’ll probably ask again in the morning) Still working on that trip to Europe and I wonder why I should get multiple credit cards.

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