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Tidying up the credit cards

December 17th, 2013 at 11:04 am

So, okay, I've always opted to get snail mail credit card statements on all my credit cards even though I also get online notices which I pay online immediately. I liked to get the follow-up statements in the mail in case I lost power for an extended period of time or otherwise could not access my computer.

But with, I don't know, maybe 10 different cards at any given time, it gets complicated to pay online, and then check the paper statement again, just to make doubly sure I already paid it. I seem to be getting notices every other day, so I finally took the plunge and eliminated all of my paper statements. It SHOULD be okay, although I'm always a little paranoid about missing a payment.

I should really whittle down my cards more, but I DO get attached to some of them after a while, especially the "design-your-own" cards. And since I paid off my mortgage last year, my only installment debt, I wonder if having a heaping serving of credit cards, aka revolving debt, might partially compensate for the lack of installment debt.

Here's what I have right now:
USAA visa and Amex green cash card: The USAA card has no rewards program and the amex card has very minimal rewards, but I'm committed to keeping both of these (and charging on them once in a blue moon) because they are my oldest cards and hence benefit my credit score. I think it must be like 20 years or something. So they will stay.

All the other cards I've got were acquired in the past 2 years. These include Chase Freedom, Citi Forward, Discover It, Capital One Cash Rewards (benefits the World Wildlife Fund so I will keep this one), Capital One Platinum, Barclaycard Platinum MC, Capital One Platinum Visa (a different one!), and BankAmericard Cash Rewards. Any strong opinions which I hold and which I should fold?

I always feel kind of sheepish when I call in to cancel becus I'm sure they can see when I got the card and read between the lines....oh, another lady just trying to get the bonus. Hmph!

I'm working at home today due to the snow. Just 2 to 4 inches expected, but hey, they supply everyone with a laptop, including us contractors, so i guess that's what they're there for.

As a writer, I don't like using the laptop much though. It's very convenient in that you can set up whereever you want, but the screen is so tiny it doesn't lend itself to what i often do, placing 2 or more documents side by side and having multiple windows open.

So I have the laptop open but emailed some documents to my personal email so I could do the actual writing on my much larger personal monitor, and then when i was done, I just emailed them back to my work email address. Seemed to work pretty well.

I sent off my $404 payment for a Gold health insurance plan.

Tomorrow is my company Xmas party, at 3 pm. So as not to lose yet more work hours, I am working an extra half hour each of the remaining 4 days this week to account for the 2 hours (3-5 pm) of the party. My boss already told me not to bother coming in to work on the 2 days after Christmas, which was disappointing, cus again, so much time lost to holidays. Christmas week I'll only be able to log 16 hours. Not good for the pocketbook.

I did get a nice little gift from the agency that hired me for the bank job. I got a $25 movie theater gift card, plus $5 for concession snacks. I LOVE the movies but rarely go, but already invited a movie-loving friend to see something right after Xmas, now that I have the time off. (Compare that gift to what I got from an agency around the holidays in 2010...a small (not even full size) box of 4 chocolate truffles.)

I'm still waiting for the We the Savers website to post my blog, and of course, to receive payment for winning their monthly essay contest. Also expecting payment any day now from my #1 freelance client....they owe me about $600.

I've decided (with input from Dido) to sell $6500 worth of taxable mutual funds this month (right after they declare distributions) to fund my 2014 traditional IRA contribution.

By selling those taxable mutual funds this year, that $6500 will be reported as 2013 income on my tax return, and I want to keep my 2014 income as low as possible to ensure I don't exceed about $46,000, the cut-off amount at which you don't qualify for a subsidy if you're getting onto an Obamacare healthplan. It's going to mean a pretty big tax bill for me in 2013, as earlier this year I already cashed out about $26,000 from the same one taxable fund, partially to pay for my new car.

I am feeling pretty broke right now cus I just sent off that $404 for my first month on my new health plan, then my $3,000 of property taxes must be paid in about a week. After that, I can finally start SAVING, not spending. Of course, I'll have to think about refilling the heating oil tank sometime in January. That's usually good for $500+. Sigh.

Working on charging up the Discover card with $750 of purchases, but so far I've done just $15 as I'm done with all my Christmas shopping and don't really need anything just yet. No worries, still 2 more months to go.

The really good news is, the issuer of my new health insurance, which happens to be a new non-profit issuer on the CT healthcare exchange, said they will begin letting you charge your premiums in mid-January!! As long as there's no fee for doing so, that would be awesome for all my credit card charging schemes. Assuming I have some offer I'm working on at the time. Otherwise, it would be just more or less normal points of 3% or whatever.

1 Responses to “Tidying up the credit cards”

  1. creditcardfree Says:

    I like the Chase Freedom to keep for their rotating categories and it has no annual fee. The rest don't do much for me, but I'm honestly not that familiar most of those.

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