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how many credit cards are too many

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Agent86
New Contributor
‎03-19-2014 07:11 PM
‎03-19-2014 07:11 PM

how many credit cards are too many

is there a magic number, in terms of maximizing one's FICO score?

Citi Platinum Dividend $34,600 line, 14.2%%
Bank of America Platinum Rewards, $85,000 line, 13.99%
Discover It $50,000 line, 20.9%
Amex Blue Cash Preferred $18,000 line, 9.99%
Capital One Venture One, $8,500 line, 20.9%
Amex Hilton Honors $25,000 line, 17.24%

Amex Delta Platinum, 20,000 line, 22.99%
Belk store card, $124 line, 15%, $0 balance on all cards
Message 1 of 12
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11 REPLIES 11
gdale6
Moderator Emeritus
‎03-19-2014 07:14 PM
‎03-19-2014 07:14 PM

Re: how many credit cards are too many

minimum 3 bankcards to max FICO score. There is no limit or magic number for a maximum.

Message 2 of 12
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-Wade-
Valued Contributor
‎03-19-2014 07:19 PM
‎03-19-2014 07:19 PM

Re: how many credit cards are too many

The average is around 6-8

"Garden Club Member " Old user name newportguy*** Current Score: myFico EQ - 830 (07/16/2015) Discover TU Fico - 833 (09/03/2016) EX Fico - 839 ( 09/01/2016 ) ******* Amex - BCP 11.5K * Discover - IT 43.5 K * U.S. Bank Cash + Visa Signature 15.3 K * PenFed - Cash Rewards 15K *PenFed Power Cash 19K ** Amex - GDSM 10K ******FICO 800 Club Member ******* EQ 830 *** TU 833 *** EX 839 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 840's Scores ******
Message 3 of 12
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Rhaeny
Valued Contributor
‎03-19-2014 08:05 PM
‎03-19-2014 08:05 PM

Re: how many credit cards are too many

@Wade64 wrote:

The average is around 6-8

I've excessively exceeded that average threefold Smiley Embarassed


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Message 4 of 12
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eagle2013
Established Contributor
‎03-19-2014 08:18 PM
‎03-19-2014 08:18 PM

Re: how many credit cards are too many

@Wade64 wrote:

The average is around 6-8

That's me.

Message 5 of 12
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CreditMagic7
Mega Contributor
‎03-19-2014 08:26 PM
‎03-19-2014 08:26 PM

Re: how many credit cards are too many

Someone say Magic?

Personally too many 4 me would be when they begin to elude either you or your computer's processing control, mentally & physically.

Message 6 of 12
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SunriseEarth
Moderator Emeritus
‎03-19-2014 09:13 PM
‎03-19-2014 09:13 PM

Re: how many credit cards are too many

I wonder if Ron1 or CreditAddict will comment?



Start: 619 (TU08, 9/2013) | Current: 809 (TU08, 3/05/24)
BofA CCR WMC $75000 | AMEX Cash Magnet $64000 | Discover IT $46000 | Disney Premier VS $43600 | Venmo VS $30000 | NFCU More Rewards AMEX $25000 | Macy's AMEX $25000 Store $25000 | Cash+ VS $25000 | Altitude Go VS $25000 | Synchrony Premier $24,200 | Sony Card VS $23750 | GS Apple Card WEMC $22000 | WF Active Cash VS $18,000 | Jared Gold Card $16000 | FNBO Evergreen VS $15000 | Citi Custom Cash MC $14600 | Target MC $14500 | BMO Harris Cash Back MC $14000 | Amazon VS $12000 | Freedom Flex WEMC $10000 | Belk MC $10000 | Wayfair MC $4500 ~~
Message 7 of 12
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seeyouthere
New Contributor
‎03-19-2014 09:23 PM
‎03-19-2014 09:23 PM

Re: how many credit cards are too many

I think I have too

Message 8 of 12
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sdwalt
Regular Contributor
‎03-19-2014 10:01 PM
‎03-19-2014 10:01 PM

Re: how many credit cards are too many

@Wade64 wrote:

The average is around 6-8

I have gone WAY over then lol.

Message 9 of 12
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yudeology101
Senior Contributor
‎03-19-2014 10:04 PM
‎03-19-2014 10:04 PM

Re: how many credit cards are too many

My magic number is 101. I'm at like 17 right now. 

JPM Ritz Carlton $8k I UMP Club $8k I CSP $8k | Chase Hyatt $5k I AMEX Green NPSL I AMEX Delta $2k I Citi AA $2k | C1 QS $4.5k
BOA UNC-CH Alumni $6k I Hawaiian WEMC $3k I Arrival $6.5k I IT $1.5k | Merrill+ $2k | Lowes $12k | Apple $2k | +23more
Scores: EQ:671 (FICO ↑ 11) EX:686 (FICO ↔ N/C) TU:686 (FICO ↑ N/C) *8-5-14*
Overall UTIL: 14% *Gardening Since: 1/20/16*
------------------------------------------------------------
Need to stay out of trouble.... Go Heels!!! ... GC Watchlist ( #1 since 12-12-13)
Message 10 of 12
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