This is me now. I have 19 cc's with payments due this month. If my dh knew, he would croak. And I do feel like I am spending more to keep Amex happy and use offers that are, many times for me, something I would not have purchased if not for the offer and my desire to use the offer plus put spend on the card. I need to back off a bit on my spend and I will be in a cancelling frenzy for the next 8 mos with Amex cards, with the exception of the couple I will keep. So, I may never get another Amex again after that as they will put me on their naughty list.
I also realize that, for us, the spg cards were maybe not the smartest move. I got caught up in the FOMO here (no one's fault but my own!) thinking I *needed* those cards. In the end, there aren't really too many properties that I think we will use the points at. I was able to redeem a boatload of points and get the N&F package. The 7-night cert isn't too valuable but I love getting the 120k SW RR's. So not a total loss at all!
I'll find somewhere to use the points (and the cert hopefully) but it is a lesson to make sure you have a use for points before just blindly going for them because everyone else has a good use and therefore, thinks they are great. Each of us travel differently, have different family sizes, are in different seasons of life that may limit our traveling, etc. I get a bit mad at myself for using up so much Amex 'grace' (??) getting all those spg cards but I learned a valuable lesson so I'm glad for that.