How many credit cards

[Anonymous]

just curious to know, how many credit cards does everyone have and how many is too many? thanks just curious. oh also, is there such a thing as losing points for having to many credit cards?

[Anonymous]

I would say somewhere between four and ten is optimal. Any less than that, and you're not going to get the best effect on your score from having accounts paid on time. More than that...well, FICO won't necessarily punish you, but I might need medication if I had to keep track of sixteen pay-by dates each month.

[Anonymous]

5

[FretlessMayhem]

I have 12. It seems kinda excessive to me, but when I think about closing some of them, I realize it wouldn't accomplish anything.

[Anonymous]

I have 5 bank and 3 store credit cards. 

Message Edited by psychic on 06-30-2008 10:03 AM

[Anonymous]

I have 7 bank cards and 2 store cards.

[cobra19]

9................(3) Amex,  (2) MC, (2) Visa, 1 store card, 1 gas card.

I don' think there is a magic number when it comes to having too many card.  Back in 1998, when I purchased my house, I had 31 cc's. Lawyer advised me to close a few. But, having 31 cards didn't hurt me then.  

[WhirledPeasPlease]

8 bank cards and 4 store cards.

[FretlessMayhem]

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@cobra19 wrote:

9................(3) Amex,  (2) MC, (2) Visa, 1 store card, 1 gas card.

I don' think there is a magic number when it comes to having too many card.  Back in 1998, when I purchased my house, I had 31 cc's. Lawyer advised me to close a few. But, having 31 cards didn't hurt me then.  

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31? Holy crap. And I thought I had a lot.

[Anonymous]

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@FretlessMayhem wrote:

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@cobra19 wrote:

9................(3) Amex,  (2) MC, (2) Visa, 1 store card, 1 gas card.

I don' think there is a magic number when it comes to having too many card.  Back in 1998, when I purchased my house, I had 31 cc's. Lawyer advised me to close a few. But, having 31 cards didn't hurt me then.  

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31? Holy crap. And I thought I had a lot.

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I predict that will be me in about 3 years, at this rate.