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How many cards is too many?

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Established Contributor

How many cards is too many?

HHI is $150,000, how many is too many? I dont have balances on 11 of them and have a balance on 1.

Message 1 of 8
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Valued Contributor

Re: How many cards is too many?

I have 11 cards too, but only use 3 or 4.   Sometimes I let a balance report on up to 3 cards at a time, but usually just 1 or 2.  I make less than you, about $75,000.   I don't think income really matters though.  Whenever you get to a point where you have balances on more than a few cards that you can't pay off easily each month, then you have too many cards.  This might happen with different amounts of cards for different people, but for me, having 11 cards that I manage perfectly fine each month is not too many

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 2 of 8
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Senior Contributor

Re: How many cards is too many?

when you lose track of due dates and start miss payments Smiley Tongue

Message 3 of 8
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Regular Contributor

Re: How many cards is too many?

+1




Starting Score: 5/30/13 TU 630; EQ618: EX PLUS639
Current Score: 4/2/15 TU 661; EQ 617; ; EX FICO 631
Goal Score: 700






Message 4 of 8
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Valued Contributor

Re: How many cards is too many?

this guy has a couple too many cards, but only a couple

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k
Message 5 of 8
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Valued Contributor

Re: How many cards is too many?


@jamesdwi wrote:

this guy has a couple too many cards, but only a couple


Smiley Very Happy Wow...does he pay online or have them mailed? LOL

As of 2017, rebuilding...
Message 6 of 8
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Super Contributor

Re: How many cards is too many?

I wouldn't keep CCs that serve no purpose. My max would probably be 5-7 cards, but everyone is different in terms of what cards they need for specific purposes.

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 7 of 8
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Blogger

Re: How many cards is too many?

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