Too many credit cards, am I the only one?
Current CC list:
Home Trust - no foreign exchange fee
Tangerine - 2% restaurant and recurring bill
Scotia - 4% groceries, no annual fee for one year
PCF WE - 7cent off superstore gas, 1% everything else and instant credit
Cibc aerogold business - no annual fee for one year
Here is my tentative plan:
- cancel both CIBC and Scotia CC before annual fee kicks in. Than apply for CIBC dividend 4% groceries with free first year fee waived
- apply for Simplii to take advantage of 4% restaurant. Debating cancelling tangerine but it offers 2% recurring bills
What’s your suggestions?