Re: How Many Credit Cards Do You Have?

redwalker2929 · ‎12-01-2010

I have 11

Discover More- $4000 Lake Michigan C.U. $4500-6.9%
Amex blue cash-$1000 Amex PlatinumDelta-$5000
Amex Starwood-$2000 Amex Costco-$1200
Chase Freedom$3000 Chase Sapphire Preferred-$5000
BoA- Spirit WORLD MC-$ 5000 BoA-power rewards $2500
PayPal Extras MC $1500
Ex:655,EQ:674,TU:647- (all FICO)Low due to 60% Utilization

NewYorkGuy · ‎04-07-2011

I have the following:

10 bank cards

4 store cards

1 business card

Llhg71 · ‎06-27-2012

what is the purpose of having so many credit cards? not judging. Just curious. I have 1 visa.

FutureBillionaire · ‎12-12-2012

Llhg71 wrote:
what is the purpose of having so many credit cards? not judging. Just curious. I have 1 visa.

Many folks have several cards to get the maximum possible rewards on categories that they spend alot. Also, some cards need to be combined to get the most possible rewards. Folks like to have cards for balance transfers and sign up bonuses as well.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA cash rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: US Bank Cash +, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

creditaddict00 · ‎02-14-2013

I have 15

Amex: 2

Discover: 1

Visa: 6

MasterCard: 3

Store Cards: 3

Simply827 · ‎10-15-2012

I have 5. I hope to close 1 or 2 of my sub prime cards and go for Chase Freedom and Discover It later this year.

Good riddance Credit One! If Orchard Bank will waive my AF, I'll keep them around a bit longer.

Starting Score: 515
Current Score: EQ 670 EX 612 TU 667
Goal Score: 700+

Take the myFICO Fitness Challenge

GaTech · ‎02-10-2013

I have 2. Wells Fargo cash back w/ $900 limit and AMEX Blue Cash Everyday w/ $6,000 limit.

EX FICO - 709. EQ FICO - 675. Trans FICO - 715

WellsFargo - $1,500 AMEX BCE - $6000

awdsmama · ‎01-20-2012

3, all obtained this month :-)

Discover It $4,000

VIsa from my CU $500

JC Penny $500

EQ MyFico: 2/16/2013: 703 TU MyFico: 680 on 2/16/13
Discover IT $4,000 / CU Visa $500 / JC Penny$1,000

Quips · ‎03-05-2012

FutureBillionaire wrote:
Llhg71 wrote:
what is the purpose of having so many credit cards? not judging. Just curious. I have 1 visa.
Many folks have several cards to get the maximum possible rewards on categories that they spend alot. Also, some cards need to be combined to get the most possible rewards. Folks like to have cards for balance transfers and sign up bonuses as well.

+1 on the sign up bonuses and balance transfers as the reason for the cards that I have. I have the 9 cards listed in my signature, plus a CU LOC, a corp Amex and 4 store cards (Macy's, JCP etc). I mainly use the card that gives the most cash back for what I purchase.

FICO: EQ 793, TU 769 , EX ???

Amex: (Coscto TE, BCP) Chase: (Freedom, MP Explorer, Marriott), US Bank: (Cash +), Citi: (Advantage MC, Home Depot) BoA: (Cash Reward Sig VISA)

IcEWoLF · ‎02-25-2009

Hi guys, I have 5, couldn't be happier so far. I think I am good at this point for CC.

I received an offer for the Discover It card the other day, but I think I will pass on it, I like Chase Freedom a lot and it does not make any sense jumping ships.