How many GE cards is too many?

[2FixMyCredit]

As it says Just curious on your all thoughts.

I know there was a thread with about the same thing not long ago but I can't find it for some reason, so if anyone has the link feel free to post it

[SunriseEarth]

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@2FixMyCredit wrote:

As it says Just curious on your all thoughts.

I know there was a thread with about the same thing not long ago but I can't find it for some reason, so if anyone has the link feel free to post it

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It seems that $100K in total CLs with GE is their internal limit (and individual cards no higher than $25K).  However, some people have had AA to limit them to around $25K overall.  YMMV.

[FinStar]

 That's kind of subjective since each individual could have any possible number of GECRB cards.  The bottom line is exposure and capacity, which as mentioned above, is ~$100K accross all GECBR TLs.  You can have 6 or 8 or 3 or 4... is that too many?  Some folks have 12 or more...is that too many?  How about 5, can that be too many?

I personally have 11 GECRB CCs (a mix of Visa, MC, AMEX and Discover - none store versions) and I don't consider that too many. 

This could also apply for Comenity as well, what is too many?

[2FixMyCredit]

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@FinStar wrote:

 That's kind of subjective since each individual could have any possible number of GECRB cards.  The bottom line is exposure and capacity, which as mentioned above, is ~$100K accross all GECBR TLs.  You can have 6 or 8 or 3 or 4... is that too many?  Some folks have 12 or more...is that too many?  How about 5, can that be too many?

I personally have 11 GECRB CCs (a mix of Visa, MC, AMEX and Discover - none store versions) and I don't consider that too many. 

This could also apply for Comenity as well, what is too many?

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Good way to put it, I guess I was just hoping for input from those that have more than 2.  The reason why is because I have Walmart and Sams but I want to apply for Paypal, and 2 more but I don't want to get AA by GE for applying for three more of their cards. 

[SunriseEarth]

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@2FixMyCredit wrote:

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@FinStar wrote:

 That's kind of subjective since each individual could have any possible number of GECRB cards.  The bottom line is exposure and capacity, which as mentioned above, is ~$100K accross all GECBR TLs.  You can have 6 or 8 or 3 or 4... is that too many?  Some folks have 12 or more...is that too many?  How about 5, can that be too many?

I personally have 11 GECRB CCs (a mix of Visa, MC, AMEX and Discover - none store versions) and I don't consider that too many. 

This could also apply for Comenity as well, what is too many?

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Good way to put it, I guess I was just hoping for input from those that have more than 2.  The reason why is because I have Walmart and Sams but I want to apply for Paypal, and 2 more but I don't want to get AA by GE for applying for three more of their cards. 

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What are you CLs on Walmart and Sams? 

[2FixMyCredit]

Walmart is 800 and sams is 1200 at the moment.

[SunriseEarth]

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@2FixMyCredit wrote:

Walmart is 800 and sams is 1200 at the moment.

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I think you'll likely be fine to pick up a few more GE cards.  If you had CLs around $300 or lower, I wouldn't apply for any more GE CCs.  In fact, if you do a GE spree and get low CLs, then it might be time to stop, IMHO.  

[FinStar]

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@2FixMyCredit wrote:

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@FinStar wrote:

 That's kind of subjective since each individual could have any possible number of GECRB cards.  The bottom line is exposure and capacity, which as mentioned above, is ~$100K accross all GECBR TLs.  You can have 6 or 8 or 3 or 4... is that too many?  Some folks have 12 or more...is that too many?  How about 5, can that be too many?

I personally have 11 GECRB CCs (a mix of Visa, MC, AMEX and Discover - none store versions) and I don't consider that too many. 

This could also apply for Comenity as well, what is too many?

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Good way to put it, I guess I was just hoping for input from those that have more than 2.  The reason why is because I have Walmart and Sams but I want to apply for Paypal, and 2 more but I don't want to get AA by GE for applying for three more of their cards. 

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I would say you are as good to do so.  I believe on average most folks could easily be carrying 4 of their cards at any given point.  The AA scenario really becomes trivial if (a) you start requesting too many CLIs on your GECRB cards in a short period of time, (b) your credit profile deteriorates/scores tank, (c) you open an excessive number of new tradelines which may include opening a great number of GECRB accounts in such a short period (<30 days), (d) questionable activities, income disprorportionate to exposure or spending patterns out of the norm on GECRB or cards, or (e) fraud/default.