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CNBC: Americans have average of 4 credit cards

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Established Contributor

Re: CNBC: Americans have average of 4 credit cards

I have 3 so I guess that makes me below average. Smiley Happy  I've never had more than 3 total at one time, ever.  For many years I only had 2, or even 1.

 

I could have had 4 but I closed one last year before apping for my newest.

 

At my income/spend level too many cards would spread things too thin, rewards dilution, that sort of thing.  Plus having to keep track of payments/due dates/statement cut dates.

 

3 works well for me.  Maybe in a few years I'll have 4, or maybe I won't.

 

 

I pretend to work, they pretend to pay me. I have pretend credit cards with pretend limits, so I can pretend to buy pretend things and pretend to pay the bills.

Message 51 of 52
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Established Contributor

Re: CNBC: Americans have average of 4 credit cards

I'm definitely not average but slightly below-average for MFF standards. My original goal to maintain 5-6 cards but failed with the advent of chasing CB, points, and 0% offers.

 

Here is another interesting statistic courtesy of MF:


myFICO wrote:
On average, FICO High Achievers (FICO® Score 8 of 785+) opened their most recent account 2 years and 5 months ago.

 


I'm not sure if I'll ever be a FICO High Achiever chasing 0% offers 💸

MMXX intentions: Do the work
My Garden Goal: 4/24 | Double NW


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Message 52 of 52
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