Is it bad to have 12 Credit Cards??

[tnmountain]

I want nuts the past 2 years  Do I need Help??

Dicoverit 3600

Paypal smart connect 3300

Amex Blue Cash Rewards 3500

Citi bank Bank Diamond Preferred 3500

Chase Slate 2500

Walmart 4100

QVC  3100

Old Navy Visa 3000

Capital One Platinum 2200

Amazon Chase 750.00

Orchard/ Capital one card 420   "Going to close soon"

Barclays Apple Card 1700

[L-TWT]

If you can financially manage them, IMO.....I would say no!

[FinStar]

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@L-TWT wrote:

If you can financially manage them, IMO.....I would say no!

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+1

I have roughly close to 70 (another member, Ron1 has ~100+).  Key thing is being able to manage them as said above. 

[09Lexie]

Haven't heard from Ron lately. Me thinks he is busy with that new cc wing.

[tnmountain]

I can manage them---Seems when I get another card my credit score goes down then goes up

[FinStar]

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@09Lexie wrote:
Haven't heard from Ron lately. Me thinks he is busy with that new cc wing.

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I imagine the same too Lexie since I haven't seen him around either.  Wonder what new surprises he'll share when he pops back around! 

[FinStar]

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@tnmountain wrote:

I can manage them---Seems when I get another card my credit score goes down then goes up

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Yes, this will be a fluctuating factor since there is the inquiry ding and then the AAoA impact.  Eventually, the impacts tend to lessen over time unless you wake up the credit dragon again.

[tnmountain]

I am done for atleast 1 year ---

[FinStar]

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@tnmountain wrote:

I am done for atleast 1 year ---

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Wonderful.  Try to see if you can get the Capital One to grow - you'd hate to waste the inquiry or TL if you already took the hit.  So, depending on its age, give it about 6-12 months to see if it's elegible for PC to the Quicksilver version and have the rewards structure updated.  Depending on whether it's on the credit steps program or not, think about a CLI (they are usually SP).

[jatienza15]

Just wondering,what  does Ron do for a living?,is he a business man?