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Do I have too many cards???

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anderl
Frequent Contributor

Re: Do I have too many cards???

+1

Amex Platinum Charge(NPSL); Starwood Amex Preferred CC(20K CL); Diners Club ELITE MC(20K);Diners Club Premier MC(20K,could've sworn the rep said 25k, oh well lol);Delta Amex Reserve CC(21K CL); Amex PRG Charge(NPSL); United Presidential Plus Chase World Elite MC (15K CL); AARP Chase Visa Signature(35K CL); NFCU Visa Platinum(20K CL) NFCU LOC(15K); NFCU Go Rewards MC(17.5K); Disover IT 7.8K;
First Tech Federal Visa Platinum(15K CL); Simmons First Visa Platinum(9K CL); Wells Fargo Visa Platinum(7.5K CL); CitiBank Sears MC(6K CL); JCPenney Card(7.5K CL); Lowes(2.5K CL);Barclays Mile & More Lufthansa 12.5K.
Message 21 of 24
distantarray
Established Contributor

Re: Do I have too many cards???


@jsickz32 wrote:
I have more and i dont think i have too many. Im planning on apping on at least 6 more...

21 cards aren't enough? lol

 

I don't see why people would get so many, I dunno personally I would want to build up my rewards or cash back in large sums quickly, even if you spent $10,000 a month on credit cards the points miles or cash back would build up sooooo slow..........


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 22 of 24
ccnewcc
Established Contributor

Re: Do I have too many cards???


@distantarray wrote:

@jsickz32 wrote:
I have more and i dont think i have too many. Im planning on apping on at least 6 more...

21 cards aren't enough? lol

 

I don't see why people would get so many, I dunno personally I would want to build up my rewards or cash back in large sums quickly, even if you spent $10,000 a month on credit cards the points miles or cash back would build up sooooo slow..........


+1 

 

Having points/rewards spread across soo many CCs is akin to the finance guy at the car dearship "playing the spread" with CRs.  

Message 23 of 24
LTomBerry
Frequent Contributor

Re: Do I have too many cards???


@ccnewcc wrote:

If you're managing, you're managing.

 

 

I personally think 2-3 is enough.

 

 

I would axe your store cards for sure (including your gas cards), your cap 1s and the orchard.  But thats just me


You might want to keep one gas card. I read on CreditKarma your auto insurance score is better if you have at least one gas card.

 


Starting Score: 690
Current Score: EQ 780 EX 814 TU 783
Goal Score: 800

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Message 24 of 24
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