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Old 05-21-2009, 09:40 PM
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Hi Michael,

I'd recommend you keep using all three cards! Cash back at restaurants is always great, so you should definitely keep your Professional card. An "eating out" credit card is the easiest one to remember to use, and since it's a Visa/MC, it'll be accepted everywhere you can pay using a credit card. The reason you should continue to use your Freedom card is because the last thing you want is for Chase to cancel this tradeline because you stopped using the card. That will not only affect your credit utilization, but it could also lower your credit score because this good-standing, old tradeline has been closed. You could really even stick the Freedom card in your sockdrawer, but still make sure your 3 categories are automatically billed to Freedom so you get the maximum cash back. So every month, you'll know that only $xxx.xx is spent on the Freedom card because of the auto charges.

And if you setup autopay on all three credit cards, life will be even easier (as long as you make sure you have enough funds in your bank account to pay your credit card bills!).

Hope this helps!
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