There are people on this forum with 90-110 CC. However in my opinion that is just too much and I for one would have a hard time keeping track of all of those accts. I think there comes a time that enough is enough and you have to really sit down see what you have and then determine if there is anything out there that might benefit your portfolio. If not it is time to garden.
@Anonymous wrote:
@kdm31091 wrote:
@taxi818 wrote:
@morgacj2004 wrote:There are people on this forum with 90-110 CC. However in my opinion that is just too much and I for one would have a hard time keeping track of all of those accts. I think there comes a time that enough is enough and you have to really sit down see what you have and then determine if there is anything out there that might benefit your portfolio. If not it is time to garden.
They don't have 90-110 cards because they use them and they need to keep track of them. Its simply a collection and a game as to how many can one get. nothing more. the only ones you need to keep track of are the ones you use. If you pay it off. There is nothing to keep track of. I could easily manage 20 as well as 90. no big difference. even out of 20. i have balance on say. 4?. thats pretty simple. keep paying what i do have a balance on . and look at statements on what i don't to prevent any fraud or unknown activity.
Right, I think the point was more like "what is the point of having 100 cards when you only use 5 or 6 of them regularly?"
I get the whole collect cards thing and to each their own. However when someone with 100 credit cards goes for a mortgage or auto loan, all of these unsecured credit card accounts show up on the report. Being used or not doesn't matter. It is all potential debt and risk. Credit limit vs income. The mortgage/auto loan lender will evaluate the max debt you could accumulate with your cards and will take this into account. With 100 cards, that is going to be a huge number.
It may not matter for everyone, but the point is credit isn't a game and there are downsides for those who treat it as a game or a "collect them all!" activity.
It is assumed that the credit card collector game is for those who are established deeply creditwise, i.e. mortgage already squared away, auto financing, have general spend CC's with high limits already.
Exactly. A collector is not for the faint of heart. hehehe. They are not caring about mortgage. Car loans can still be got. In the entire fico community there are only 4-10 people that are serious collectors. The rest are just pretenders. hehehe. Ive seen some with 39. 45. 63. cards. But the serious ones are well over 100 cards. I think at that point it is not the number of cards. but i beleive most are trying to join the $$$$million Dollar Club. as i have asked on many occasions for sure. I have 20. and only want 1 more. any Boa card. in fact i want to cut the fat. But at the same time i don't want to appear like im a churnner. So the cards i don't use. a few store cards. i will let the lender close when they feel like it. I will not do it. 
if they can stay opened. 3 years great. I could care less if it says Closed by lender. mostly for non usage. But i feel you for stating that they are not using. They have a rotation system for their card usage. at that point. for sure.
@taxi818 wrote:
@Anonymous wrote:
@kdm31091 wrote:
@taxi818 wrote:
@morgacj2004 wrote:There are people on this forum with 90-110 CC. However in my opinion that is just too much and I for one would have a hard time keeping track of all of those accts. I think there comes a time that enough is enough and you have to really sit down see what you have and then determine if there is anything out there that might benefit your portfolio. If not it is time to garden.
They don't have 90-110 cards because they use them and they need to keep track of them. Its simply a collection and a game as to how many can one get. nothing more. the only ones you need to keep track of are the ones you use. If you pay it off. There is nothing to keep track of. I could easily manage 20 as well as 90. no big difference. even out of 20. i have balance on say. 4?. thats pretty simple. keep paying what i do have a balance on . and look at statements on what i don't to prevent any fraud or unknown activity.
Right, I think the point was more like "what is the point of having 100 cards when you only use 5 or 6 of them regularly?"
I get the whole collect cards thing and to each their own. However when someone with 100 credit cards goes for a mortgage or auto loan, all of these unsecured credit card accounts show up on the report. Being used or not doesn't matter. It is all potential debt and risk. Credit limit vs income. The mortgage/auto loan lender will evaluate the max debt you could accumulate with your cards and will take this into account. With 100 cards, that is going to be a huge number.
It may not matter for everyone, but the point is credit isn't a game and there are downsides for those who treat it as a game or a "collect them all!" activity.
It is assumed that the credit card collector game is for those who are established deeply creditwise, i.e. mortgage already squared away, auto financing, have general spend CC's with high limits already.
Exactly. A collector is not for the faint of heart. hehehe. They are not caring about mortgage. Car loans can still be got. In the entire fico community there are only 4-10 people that are serious collectors. The rest are just pretenders. hehehe. Ive seen some with 39. 45. 63. cards. But the serious ones are well over 100 cards. I think at that point it is not the number of cards. but i beleive most are trying to join the $$$$million Dollar Club. as i have asked on many occasions for sure. I have 20. and only want 1 more. any Boa card. in fact i want to cut the fat. But at the same time i don't want to appear like im a churnner. So the cards i don't use. a few store cards. i will let the lender close when they feel like it. I will not do it.
Yes, but when you start rotating, you really do have to start keeping track, which might make 90 harder to manage than 20. But I agree with your original point, those with 100+ cards are not just extreme cases of those with 20, they are playing a different game.