How many CCs should I have?

[Anonymous]

Hi,

The current CCs I have are 2,500 min, 600 min, and 300 min, and a DEPT store CC which I know now it's not worth it, and it's 600 min. Should I apply for another CC or go for the DISC secured?

[tcbofade]

Every person is different, there is no correct answer.

If you're concerned with Fico scoring, you already have plenty.

[FinStar]

It appears you have a good number of them at the moment. Which specific CCs do you have?

[Anonymous]

BofA (2,500)

Credit One (300)

Cap One (600)

Macys (600)

[FinStar]

If the ones that you currently have are manageable within your budget then it may seem like a good number to start with.

If you are looking for another CC for rewards (or other) purposes or even to replace anything like Credit One at some point, then potentially Discover might be a good candidate.

[Anonymous]

Ok, thanks.

Ya, I'm looking into Discover, like actually doing it soon. I might do the secured CC or regular CC of DISC

[Anonymous]

---

@Anonymous wrote:

Ok, thanks.

Ya, I'm looking into Discover, like actually doing it soon. I might do the secured CC or regular CC of DISC

---

I feel like you can go witht he unsecured version as you are not "new" to credit.

[Anonymous]

I think you could ditch credit one and Macy’s if you don’t use it a lot, and replace those with a discover it and Amex blue cash everyday for two much more useful no annual fee cash back cards. But obviously your credit score will take a hit for a little while when your add new cards

[Anonymous]

Oh...
Those sound like good cards, ones you mentioned. Also, a collections just reported as paid off today which is a good thing (according to Wallethub. No update on the collection paid off on CreditKarma though. Nothing on Myfico either, not like it’ll do anything to Fico score. Reason I mention this is because on Wallethub according to the score it gives me it’s saying down below I have good approval odds on Capital One Platinum at no APR. Not sure how good this cc is. Any feedback would be much appreciated.

[Anonymous]

I thought you already have a capital one card?

Platinum has no rewards, you should shoot for at least a cash back card. AmEx BCE gets 3% on groceries and 2% on gas, 1% on everything else. Discover has the rotating 5% categories and they double it your first year. Either would be much better than a cap one platinum. Which capital One card do you have now?