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How many credit cards do you think is too many?

Valued Contributor

Re: How many credit cards do you think is too many?


MyWorthiness wrote:

Well looks like you have a nice line up there! Would you mind telling how I can add photos of my credit cards under my profile please? I've asked several people but no one has given me a response. Thanks in advance.

http://ficoforums.myfico.com/t5/SmorgasBoard/THIS-IS-HOW-YOU-ADD-CREDIT-CARD-PICS-TO-YOUR-PROFILE/m-...
This link should help you out.

 

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Message 21 of 25
Established Member

Re: How many credit cards do you think is too many?

Thanks so much!!

Message 22 of 25
Established Member

Re: How many credit cards do you think is too many?

You seem to be doing whats best for you! Thats what its all about!

Message 23 of 25
Senior Contributor

Re: How many credit cards do you think is too many?


MyWorthiness wrote:

How many credit cards do you have and how many do you think is too many?


12.

 

The limit of whatever one can reasonably manage + 1. 

Message 24 of 25
Highlighted
Member

Re: How many credit cards do you think is too many?

I have 20 cards, 10 of which are store cards. I only use a few of the cards though. I track spending using exel and a software program called YNAB. It takes hours to learn and set up, but with it I am able to track spending on cards as though they're debit cards, and not spend more than I can pay. My family has a lot of high, regular expenses (daycare alone is $435 a *week* for two kids) that we use to earn miles/points. I will be getting rid of some cards next year, after they've aged a bit.

I think the amount that's too many depends on the person. Some people can successfully manage 20+ cards, and I've known people who couldn't remember to pay even one credit card. If you can't remember to even pay your card (s), you have too many.
EX: 675 / EQ: 737 / TU: 693
Message 25 of 25