topic Re: how many credit cards are too many in Credit Cards

how many credit cards are too many

Agent86 — Thu, 20 Mar 2014 02:11:20 GMT

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

Re: how many credit cards are too many

gdale6 — Thu, 20 Mar 2014 02:14:20 GMT

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

Re: how many credit cards are too many

-Wade- — Thu, 20 Mar 2014 02:19:59 GMT

The average is around 6-8

Re: how many credit cards are too many

Rhaeny — Thu, 20 Mar 2014 03:05:24 GMT

@Wade64 wrote:
The average is around 6-8

I've excessively exceeded that average threefold

Re: how many credit cards are too many

eagle2013 — Thu, 20 Mar 2014 03:18:35 GMT

@Wade64 wrote:
The average is around 6-8

That's me.

Re: how many credit cards are too many

CreditMagic7 — Thu, 20 Mar 2014 03:26:28 GMT

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.

Re: how many credit cards are too many

SunriseEarth — Thu, 20 Mar 2014 04:13:00 GMT

I wonder if Ron1 or CreditAddict will comment?

Re: how many credit cards are too many

seeyouthere — Thu, 20 Mar 2014 04:23:53 GMT

I think I have too

Re: how many credit cards are too many

sdwalt — Thu, 20 Mar 2014 05:01:20 GMT

@Wade64 wrote:
The average is around 6-8

I have gone WAY over then lol.

Re: how many credit cards are too many

yudeology101 — Thu, 20 Mar 2014 05:04:37 GMT

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

Re: how many credit cards are too many

CreditMagic7 — Thu, 20 Mar 2014 05:08:49 GMT

18 here, and still have Chase, Amex, and FNBO to add later in the year.
Whew! they add up fast but grab those bulls by the horns and charge on ahead with the herd.

Re: how many credit cards are too many

takeshi74 — Thu, 20 Mar 2014 13:05:32 GMT

@Agent86 wrote:
how many credit cards are too many

As always (see also link below), subjective. There isn't an X that applies for everyone.

https://www.google.com/search?q=too+many+cards+site%3Aficoforums.myfico.com&oq=too+many+cards+site%3Aficoforums.myfico.com&aqs=chrome..69i57.7537j0j7&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8

@Agent86 wrote:
is there a magic number, in terms of maximizing one's FICO score?

As indicated above, at least 2-3 is the rule of thumb for scoring purposes