Originally Posted by
curiousGal
I am new to the game and just joined the group. I would like to take a dig and see if I can play this hobby/game well.
Prior to miles knowledge, I have 3 cash back cards and 1 Chase freedom. Recently I applied for 3 miles earning cards. Should I cancel few cash back cards or stay with them?
In other words, are airline/hotel miles more worth than cash back cards? Thanks!
My credit score is > 750 but it does say too many accounts open.
If you are new, I strongly recommend that you check some blogs. I personally like
http://www.frugaltravelguy.com/
It has great info on all of your above questions. Check out also their top 30 list. It is interesting.
You can get much more detailed and specific answers on FT but you will have to read a lot!
The short answer is that you don't have to cancel the existing cards specially if they don't carry annual fees.
Keep in my mind that most if not all rewards cc programs include cash back features. Barclays Arrival, Chase Ultimate rewards, Amex Membership Rewards,... all have such feature (you can pay your bill with your points). But it is often not the best way to use points as you can get much more value using points for business class tickets.