Question about the bragging about having multiple cards open

[creditprotector]

 I realize something much more compelling. Money is not the most important thing in life necessarily, but credit is reputation. In fact, in a healthy life, money often follows behind many other elements in your life. If you put your energy and time into good credit, money will follow. Money comes, money goes. The ability to survive and even thrive with no money means that credit will save you and in many ways will make you make it. The ability to borrow responsibly reduces your anxiety of not having to think that you lost everything you had (money). Nowadays credit and having available credit will make you powerful. So keep bragging guys…I hope you and all of us will keep playing wisely the art of borrowing and increasing our line of credit, and most importantly having it in time of temporary crisis. Let’s talk about our next card…….guys… who lends more, who offers more miles and cash back…keep the fun going. Most importantly creditors believe in us without 10 million in cash, it’s just the three figure they are looking for anyways.. I big hug to all of us who believe in credit and the art of keeping it saved and healthy….bravo!  

[AintYouADaisy]

Well said

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@Anonymous wrote:

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@Anonymous wrote:

Id rather have 10 million dollars and big house then a 700 credit score lol....

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@Anonymous,

Wouldn't that be nice?  But we will be here when the 10 million dollar and the big house doesn't come and you need to get to a 700 score ASAP for something.  We will be happy to give answers to your questions and you will understand why the limits are in signatures,  why credit scores are golden and why we are proud to display it openly.

[Leadberry]

As someone else stated, I'm certainly getting the feeling that the OP doesn't understand the concept of a forum signature (let alone the myFICO signature norms, which is understandable).

[Anonymous]

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@Anonymous wrote:

Does OP realize that signatures are automatic on every post, and not people bragging after everything they say???

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Ding ding ding!

[ecxpa]

To the OP.  Credit is a valuable and volatile asset.   Use it wisely and you will have a better life.  You get better deals, can negotiate better deals, and enjoy better deals.  Use it recklessly and you can end up with  catastrophe.   Everybody has their reason(s) for the cards they have and many times they don't make sense to anyone but them.  Sometimes it doesn't even make sense to the cardholders.   As for me I am a simple man that has been blessed and despite some bad decisions and events have managed to get my credit in pretty fair shape.  I like to have a diversity in my card portfolio like my invesments as the more cards you get the more vulnerable you are to AA from CCC.  In other words don't put all your eggs in one basket no matter how big the basket is.  Pay your CC bills and use the cards and most of the time your credit will grow.  A great number of the folks her PIF and I generally do,  but not always; rewards can be lucrative if you get the right card(s) and use them correctly.  I like accumulating points on various cards and getting cash back but it is not a priority for me.  Before coming to this board my credit and credit lines were in the pits; invaluable info abounds here and a lot of good advice on credit building and repair.  I had never heard of doing a recon prior to coming here and didn't know the difference between a CSR and a credit analyst or underwriting department.  My credit is not perfect by any means; I can't seem to get a Citibank revolver nor an Amex revolver even though I have some of their products.  At this point I am not going to try again anytime soon for these cards; not sure I would even take a pre-approval from them.   I seem to learn something here everyday and ask questions frequently; so I am not an expert by any means.  

As for bragging, I have seen very little if any overt bragging here.  All the cards you see in posters' signatures are more a sign of pride rather than bragging points.  People who have recovered or are recovering from bad credit have worked hard that's all.   Credit can give you tranquility or one of the worst nightmares you have ever had.

[Anonymous]

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@ecxpa wrote:

As for bragging, I have seen very little if any overt bragging here.  All the cards you see in posters' signatures are more a sign of pride rather than bragging points. People who have recovered or are recovering from bad credit have worked hard that's all.   Credit can give you tranquility or one of the worst nightmares you have ever had.

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This, A lot.

I had bad credit for years but fortunately had the income (after making a complete career change) and one remaining CC from my good credit days (AMEX BSP) to overcome it. I went a little app happy this last year and got a lot of surprise approvals. And to boot I ended my app-o-rama with my biggest approval to date.

[MaisCher]

If you look closely you'll notice many of us have the credit score we started with in our signatures (graphics or text that automatically displays at the bottom of a users forum post) as well. Posting that along with my cards is my way of telling those just starting the rebuilding process that there is hope. I post my limits because I went from mismanaging and maxing out $200, $400, and $600 limit cards to rarely using and paying in full a 10K limit card. Even those posting about the $250 limit store cards are well aware that someone here has much more credit than that so no, it's not bragging. It's being proud of how far you've come, where you're trying to go, and sharing with people who understand.

[PCR20]

I don't consider it bragging, more like a display of achievements.

Like Trophys in a Sports Enthusiast’s display case.

Some of us do the same by posting up our hard-earned scores to show others that they can be reached.

Just use time like you would water on plants and tend that Garden.

[Anonymous]

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@Anonymous wrote:

Im reading through these forums and I see alot of people posting and at the bottom of whatever there posting about they have all the different credit cards they have opened and the there credit limits for those cards.  Does it help your credit or something to just apply for every credit card you can think of and just and keep them open and don't spend on them?  Or are people opening up 20 different cards and using all of them.  Are you just charging them all up and filing bankruptcy?  Im a little confused....

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I'm not sure if it's bragging or not. I know a lot of times when individuals post questions on here there is specific information needed in order to answer the post. It can range from the number of credit cards a person has to their FICO scores.

The number of credit cards a person has is a personal choice. Personally, I have completed my portfolio and don’t need to apply for anymore cards. I need to close 2 accounts and let the others age. Depending where you are in your credit journey determines which credit cards you can or will be approved for.

The two accounts I want to close are from my rebuilding days which are refusing to grow with me. You will figure out what works for you, but be careful not to become obsessed with applying for credit. It can happen.

Good luck!!

[Anonymous]

Different folks have different needs. Nixon just likes to look at all the fancy new designs they come up with. Some people work for sign up bonuses. Some have multiple businesses and use different cards for each. And for some it shows how hard the have worked to get back from bad or horrible credit and life situations. For some it may be a reminder not to go back to tthose places. And for everybody else you may find a card from a particular lender that you didnt even know about that may serve your personal needs well. 

Ive finally gotten to the point where I have choices. Actual good choices of respectable lenders that actually want me. As I am sort of a simple fella Im working on a plan to add useful cards, get rid of my subprime crap (lookin at you cap1) and minimize the clutter in my wallet and safe. Utilization is a big factor in your score, so having a bit (a lot for some people) more than you need or would ever consider using is a factor. There are certainly lines you can cross having too much (you will find a small but loud number of horror stories) credit. Where that line is is very different from person to person. 

Find a number of cards and amount of credit that works for you. We all have different lives and lifestyles, so the perfect card for me may not be the same for you. And many of us have lenders and banks that we love/hate and that love/hate us. Im a credit union nerd. Some are  (not so) secretly in a polygamous relationship with chase. I could take chase or leave em. others love discover, many love amex and some even love cap1

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