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CNBC: Americans have average of 4 credit cards

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Valued Contributor

Re: CNBC: Americans have average of 4 credit cards


@Revelate wrote:
Well this was sourced from Experian’s 2019 State of Credit release.

I pretty much have given up on American news media but at least this piece of data has a valid source behind it.

No offense! You should see the credit cards your "valid source" says I am approved for. They are in it to win it like the rest of us.




"I thought credit was over in 2008. Never underestimate the ability of central bankers to blow a bubble." - Me
“If you don’t know, the thing to do is not to get scared, but to learn.” – Ayn Rand
Message 31 of 50
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Valued Contributor

Re: CNBC: Americans have average of 4 credit cards


@M_Smart007 wrote:

@mikesonthemend wrote:

I watch CNBC every business day for several hours. I don't believe anything they say. Acorns, and their new CC marketing, Axios and their other Comcast investments scare the hell out of me.

 

I just keep watching out of habit. Santelli and Kernen are the best, the rest, meh.


Wow Joe Kernen is still around? ..I have not watched CNBC in probably like 7-10 years. (Maria B. was on when I watched)

And I think the other name is Richard or Rick Santelli?


Yeah, he is. Maria is now over on Fox Business. I don't watch them, but I keep (in my mind) wanting to quit them. Santelli is the man!

Edited!




"I thought credit was over in 2008. Never underestimate the ability of central bankers to blow a bubble." - Me
“If you don’t know, the thing to do is not to get scared, but to learn.” – Ayn Rand
Message 32 of 50
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Moderator Emeritus

Re: CNBC: Americans have average of 4 credit cards

Utterly different sources actually for all that they are in the same company.

Experian analytics group using their credit report data is flatly different than the marketing fluff that happens on their consumer website.

No different between this forum in FICO Consumer land which is the very small even red-headed step child of the 800 pound gorilla that is the FICO Business side.



        
Message 33 of 50
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Valued Contributor

Re: CNBC: Americans have average of 4 credit cards


@Revelate

Nothing to dispute. Just another way for Con-cast, I mean Comcast, to profit off of us.

 

Edit: Not that AT&T thinks there is anything wrong with it.




"I thought credit was over in 2008. Never underestimate the ability of central bankers to blow a bubble." - Me
“If you don’t know, the thing to do is not to get scared, but to learn.” – Ayn Rand
Message 34 of 50
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Moderator Emeritus

Re: CNBC: Americans have average of 4 credit cards

As to the news side of this thread, when Paul Harvey was around (news person) he used to use a phrase: "and now for the rest of the story" and gave the real rest of the story! Unfortunately like the Dinosaur, his time was up and he passed on.
Message 35 of 50
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Senior Contributor

Re: CNBC: Americans have average of 4 credit cards


@Dinosaur wrote:
As to the news side of this thread, when Paul Harvey was around (news person) he used to use a phrase: "and now for the rest of the story" and gave the real rest of the story! Unfortunately like the Dinosaur, his time was up and he passed on.

I forgot about "The Rest of the Story"....loved that radio show. That man could tell a story and always an interesting lead to the "Rest".  

"MY TAKE HOME PAY WON'T TAKE ME HOME"
Message 36 of 50
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Senior Contributor

Re: CNBC: Americans have average of 4 credit cards

4 credit cards can you imagine?










(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated DEC'19.

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? (clean/dirty), Number of accounts open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AoYR-Age of Youngest Revolver (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new accounts, with open loan on record.
If you don't know where you fall, just list whether you have any baddies, your number of open and closed accounts, AoOA, AoYR and whether you have a loan on record.
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Message 37 of 50
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Re: CNBC: Americans have average of 4 credit cards


@Birdman7 wrote:
4 credit cards can you imagine?

Related image

"MY TAKE HOME PAY WON'T TAKE ME HOME"
Message 38 of 50
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Community Leader
Senior Contributor

Re: CNBC: Americans have average of 4 credit cards


@Birdman7 wrote:
4 credit cards can you imagine?

What, isn't that what we all carry?

 

Oh, you meant four credit cards TOTAL, not four cards since September? My bad, carry on... 




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Message 39 of 50
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Super Contributor

Re: CNBC: Americans have average of 4 credit cards


@GApeachy wrote:

@MaizeandBlue wrote: (did not write)

According to CNBC Select, the average American  myFico'er has four  forty credit cards

 


I fixed it ^^^^^ for yaSmiley Very Happy


Good one. 😆 Gave me a chuckle. 



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