Too many credit cards?

[pattycake]

Check this out:  No such thing as TOO MUCH credit.

More reason to go for the high CL's!!!   

[Anonymous]

too many when you can't manage them all, until then all good...

[Anonymous]

Just get a some Chase cards and they will make sure you never have too much credit.

[smallfry]

Unless you have to use a credit card for business expenses or travel extensively you should be fine if you have 10 times your monthly expenses in available credit. Maybe 20. If you charge 4K each month then 80K in available credit is enough. I find 5 lines is optimal for me. More than that I really can't justify having. Been through the not using enough of the available credit to justify your credit limit game. If you're a heavy spender it's a different story.

[Lyythine]

23 accounts in total (including car, credit cards, store/gas cards)

however, I only use 1 or 2 in any given month.  NFCU is my everyday card and I use my chase signature card for work related expenses so I can easily give them the bill to get reimbursed.   Ive never had a problem with too many accts, just so long as I dont use them all... 

[smallfry]

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@Lyythine wrote:

23 accounts in total (including car, credit cards, store/gas cards)

however, I only use 1 or 2 in any given month.  NFCU is my everyday card and I use my chase signature card for work related expenses so I can easily give them the bill to get reimbursed.   Ive never had a problem with too many accts, just so long as I dont use them all... 

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Excluding mortgage and car loans you have 23 open credit, store or gas cards?

[Scamp]

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dizbuster wrote:

Just get a some Chase cards and they will make sure you never have too much credit.

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Ain't it the truth!!!

[Lyythine]

excluding car loans and other installment loans, I have 23 open accounts

Heres the short list of what I can remember:

Chase - 3 accts (still listing 3 although I combined 2 into 1)

BofA - 3 accts (CC)

NFCU - 4 accts (LOC, Auto loan, 2 CC)

HSBC - 2 accts (CC)

USAA - 1 acct (CC)

PenFed - 1 acct (CC)

Local CU (Omega FCU) - 2 (CC and LOC)

5/3 Bank - 1 acct (CC) 

Amex - 1 acct (CC)

Kay's/Jared - 1 acct (CC) - Planned on proposing to my now ex gf

Macy's - 1 acct (CC)

Express - 1 acct (CC)

Saks - 1 acct (CC)

Chevron - 1 acct (CC)

BP - 1 acct (CC - work related)

I might have missed one, but It think thats it. 

[smallfry]

What you can remember? LOL. To steal from Jeff Foxworthy...You might have too many credit cards if...

Message Edited by smallfry on 08-01-2009 09:11 AM

[Anonymous]

Let's see, I have 16 open revolving accounts and 1 open auto.