Number of credit cards and total line of credit compared to income

[nishant1]

Data can be useful to share for

1) Total number of credit /stores cards you have

2) Total of credit card credit line divided by gross income.

I will start with myself

1) Total cards- 20

2) Ratio of credit card to annual income  about 1.50 or my credit equals about 18 months of gross income.

Let us exclude home equity line of credit because that is separate consideration.

[Kendro]

1) 4 (1 store and 3 of the majors - AMEX, Chase, Discover).

2) 0.5 so this represents half of my gross income for one year.

[MovingForward_2012]

1) 2 with another on the way soon.

2) 0.03 - that seems super low. LOL! Guess I have a lot of work to do!

[Rhaeny]

12 cards

.2 ratio

[visorboy1974]

1.  8 Visa/MC 2 store cards

2.  1.25

[Anonymous]

1. Total number of credit cards: 18
2. Total credit line to income ratio: 3.2

This means that my total credit line is more than 3 times my annual income.

[xiownthisplacex]

1. Total number of CC: 12

2. Total CL to IR: 0.91

[kevinjjc]

1. Total # of credit cards = 12
2. Total of credit card limits divided by gross income = ~ 4.02

[L-TWT]

1) # of CC's= 3

2) Ratio=2.14

[tennisfan78]

 No of Credit Cards = 4

Credit Line/ Income ratio= 0.228