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Established Member
Posts: 52
Registered: ‎01-01-2013

Re: How many credit cards do you have?

Only 2 cards, which makes me an amateur on these forums, haha.  I have my eye on three more though, but five sounds like a lot to me (even though it would still make me a noob compared to other's here).

 

last fico as of about 9 months ago was 783

Moderator
Posts: 27,207
Registered: ‎09-13-2012

Re: How many credit cards do you have?


Closingracer99 wrote:

JoshNurse wrote:

I have no idea of this is a good idea or not but I want to reach 20 credit cards.

 

The way I think about it is in 2 years all those hard pulls will be off.  Thats the time when my car lease is also up.

 

I am trying to think of 2 years from now and being able to garden for years.


Hmm I think i heard from somewhere to many Credit cards can hurt your score ( I didn't hear it from here but somewhere else) Though i can be wrong 


On thin files (just starting a credit profile), this is true but thicker files it is not true.  

 

The impact of new inq's/TLs on a low AAOA can hurt a score but in time, they will recover. 

Frequent Contributor
Posts: 437
Registered: ‎03-19-2013

Re: How many credit cards do you have?

Thanks 09Lexie. I am looking towards the future. 2 years from now.

Should I stop at 15 cards or 20?
Community Leader
Established Contributor
Posts: 746
Registered: ‎05-28-2013

Re: How many credit cards do you have?

[ Edited ]

JoshNurse wrote:

I just want to see how many credit cards people have and what your current fico score is.

9 Cards

Fico 755


Around 12... not counting departments stores or credit line (ie. Dell Financial Service, etc).  Current score is 754 (EQ).

Moderator
Posts: 27,207
Registered: ‎09-13-2012

Re: How many credit cards do you have?


JoshNurse wrote:
Thanks 09Lexie. I am looking towards the future. 2 years from now.

Should I stop at 15 cards or 20?

That's a personal decision.  Think quality, not quantity. 

 

Spoken from from someone who has an excess of 30 cc's.  :smileyembarrassed:

Frequent Contributor
Posts: 462
Registered: ‎02-11-2014

Re: How many credit cards do you have?

I have too many for my personal comfort level.

 

I have 9 credit cards and 1 store card.  Next week I'm closing one of my credit cards.  I'd really like to close more, but I'm debating on which ones I can close so that there's minimal impact to my scores.  I've done a card ranking and I would be comfortable keeping open my top 6 - I don't really want to juggle more than that.

 

My current Fico score according to Discover (TU) is 782.  

 

 

Commenced gardening: June 2, 2014

Sallie Mae WMC ● US Bank Cash + VS ● Citi Double Cash ● Amex TrueEarnings ● Fidelity Amex ● Chase Freedom VS ● BOA Better Balance Rewards ● Discover IT
New Contributor
Posts: 69
Registered: ‎04-25-2013

Re: How many credit cards do you have?

10 with the new approvals including 1 biz card and 1 store card. Ex fico 708. 

AmEx PRG, AmEx Delta Platinum, AmEx Blue for Business, USAA MasterCard, USAA American Express, Caesar's Total Rewards Visa, PenFed PLOC, DCU Platinum Visa, Wells Fargo Platinum Visa, Chase Ink Plus, Chase Freedom, PSECU 20/20 Visa/PSL, CU Visa, BananaCard
Regular Contributor
Posts: 208
Registered: ‎02-25-2013

Re: How many credit cards do you have?

24 cards scores are in the 780s.  Will probably trim down to 18 by the end of the year.

Scores: EQ 766, EX 779, TU 795
Cards: 24 with 520k CL
AAoA: 4 years
Frequent Contributor
Posts: 338
Registered: ‎03-21-2014

Re: How many credit cards do you have?


JoshNurse wrote:

I just want to see how many credit cards people have and what your current fico score is.

 

 

9 Cards

Fico 755


2 on my own, a 3rd as an AU.(hubby and I added eachother to one of our cards) My Experian fico (actual myfico experian) is 804, My credit Karma is 755

EX score 804, Score as shown on CreditKarma 762,CS score 771,score as shown on AMEX Ex 846, BarclayTU 795
Amex BCE $22k, Barnes & Noble Mastercard, $8500, Bank of Amer Cash rewards, $5400, Target $300 *last app 10/14*
Frequent Contributor
Posts: 338
Registered: ‎03-21-2014

Re: How many credit cards do you have?


SomeGuyNamedFred wrote:

Only 2 cards, which makes me an amateur on these forums, haha.  I have my eye on three more though, but five sounds like a lot to me (even though it would still make me a noob compared to other's here).

 

last fico as of about 9 months ago was 783


Thank God! I was beginning to think I was one of the very few with a tiny amount of cards and a decent score! It seems to be rare around here

EX score 804, Score as shown on CreditKarma 762,CS score 771,score as shown on AMEX Ex 846, BarclayTU 795
Amex BCE $22k, Barnes & Noble Mastercard, $8500, Bank of Amer Cash rewards, $5400, Target $300 *last app 10/14*
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