Valued Contributor
Posts: 1,486
Registered: ‎08-30-2011
Re: Is there a such thing as too many cards?

adavis425 wrote:

I think as long as you can manage them without missing or late payments, you should be fine. Only you know how many is manageable for you. As far as CCCs go, I suppose some may deny credit based on available vs used credit. I have read stories of denials based soley on having too much available credit. They want to see that you are actually using the credit you already have before extending more.


If you search the topic here, you'll see prior posts that indicate members here who can manage a myriad number of cards, sometimes 20-30-40 or more.  It's all a matter of what you think you can handle responsibly. 


Having said that, in order to get to that number of cards, generally speaking, one has to exhibit prior positive experience in managing a handful of cards before moving on to even more cards.  And one must also have the income to support additional applications, and low utilization. 

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10.5K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 823 TU = 822 as of 07/15