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The biggest downside of Coin is that it's not yet available. The people who created Coin funded it through crowdsourcing and expect it to be available in the spring of 2014. You can preorder Coin now (and for the next 21 days) for $50, which is half of the $100 it will cost when it begins shipping. The device can be pre ordered on the Coin website, https://onlycoin.com/ and in any quantity.
Another way to manage multiple credit cards
If you're not up for spending $50 or $100 for Coin, you should at least be managing your multiple credit cards with an Excel, Open Office or Google Docs spreadsheet. It should have four columns – one for the name of the credit card, one for its balance, one for its interest rate and one for its statement closing date. If you update a card's balance as you use it, you will have a running record of where you stand and when you will need to make your next payment. Of course, the best way to manage credit cards is to make sure you pay off your balances when due and not let them carry over into the next month. This way you would avoid any high interest charges that could end up costing you big money and maybe even keeping you in debt for years. Also, if you know every card’s closing date, you could use it the day after that date and get nearly 50 days of credit free.