3 Benefits of Getting All Your Credit Cards From One Issuer

I know there are plenty of excellent credit cards on the market, and there's an audience for each of them. But while I've had multiple cards in my wallet for most of my adult life, they all have the same issuer logo on them. No matter how many promotional offers I've received advertising excellent sign-up bonuses and generous perks, I've never been tempted to stray.

Perhaps I'm missing out by not playing the credit card field, but I don't feel that way. In fact, I feel just fine about my choices. Here's why it can be beneficial to stick with one issuer for your credit cards.

1. You can pool points in one redemption portal

My biggest hang-up every time I get a new credit card offer? I know the points I'd accumulate would be in a new redemption program. I don't want to earn, track, juggle, transfer, and redeem points through three or four separate portals.

By keeping all your credit cards with one issuer, you can concentrate your earnings in one place. That means you can rack up a higher total in one portal rather than small-to-medium totals in multiple portals, making it easier to cash out on a big redemption sooner.

2. You can simplify your finances

If you're someone who doesn't like having to keep track of a bunch of logins and accounts (raises hand), simplifying your credit card situation is the way to go. You'll just have one website or app to check when you want to monitor your spending.

I love being able to log in to one place and see each of my credit card summaries, as well as my checking and savings account balances. It gives me a better perspective on my finances since I can get a look at everything together. And I don't have to worry about remembering another password and another username, thank you very much.

3. You can minimize the risk of missing a payment

The other great thing about having all your cards in one place is that it's a lot easier to keep an eye on when each of your payments is due. Whenever possible, you want to pay your credit card bill in full. But you always want to pay that bill on time.

Payment history is a huge factor in determining your credit score -- it makes up 35% percent of your FICO® Score -- so you don't want to accidentally miss a payment because you forgot to log in and confirm when it was due. If all your cards are on one platform, it's a lot easier to track their payment dates.

Even if you have your cards set to auto-pay each month, you'll want to keep an eye on your transactions to ensure you're not overspending. Being able to check all your cards at once can benefit you there, too.

Keep it simple

Just because I've turned down excellent card offers from other issuers doesn't mean I'm missing out. I have some great credit cards that are targeted to my spending habits, and I earn rewards with every swipe.

If you're thinking of building up your card arsenal, take a look at the offerings from your current issuer. There's likely an excellent option available to you -- and you won't even have to create a new uniquely impossible-to-remember password.