How Many Credit Cards? Another Angle ...

[bs1234]

---

@FicoMike0 wrote:

@bs1234 

I'm not familiar with the use of "+" , as in 21+, but it might be taken to express an element of the hyperreal extension to the reals, where R represents the reals and *R represents the hyperreals. 21+ could then represent the sun of 21 with one of the infinitesimals, which are not elements of the reals.

Keep in mind that the hyperreals are a proper subclass of the surreal numbers, which also include the transfinite ordinal numbers.

Like the reals, the hyperreals and surreals are uncountably infinite sets, one could argue, even more uncountable!

---

Good point    I was considering if 21+ could mean the limit from the right, but decided that a "reasonable meaning" was >= 21, or perhaps > 21.   Clearly I set the bar too low!

[FicoMike0]

Btw, for those who think the answer to this thread is infinite, Here's an explanation of why infinity is not part of reality,

https://www.youtube.com/watch?v=Bq9xR5PUs6s

[Thomas_Thumb]

"To infinity and beyond"

 - Buzz Lightyear

[FicoMike0]

"Where the transfinite numbers dwell"

- Georg Cantor

[Realist]

As many as you can reasonably manage.

[FICOdawg]

---

@Realist wrote:

As many as you can reasonably manage.

---

At what point do banks/CC companies start closing out accounts.       Annual fees start catching up to you as well.

[coldfusion]

---

@FICOdawg wrote:

---

@Realist wrote:

As many as you can reasonably manage.

---

At what point do banks/CC companies start closing out accounts.       Annual fees start catching up to you as well.

---

When a card they issued you collects too much dust from non-use,  your credit profile takes a sharp nosedive, or they see what they view as a warning sign that trouble may be on the horizon like a bunch of new cards or limit increases on existing cards reporting within a short timeframe.  Every company has a different tolerance level,  FNBO will start sending nag messages if a card hasn't been used in 3 months. 

[Vinjints]

If other banks notice CL Increases, that gives them pause? I understand how a CLD can cause a cascading effect, but why CLIs?

[NoHardLimits]

---

@Vinjints wrote:

If other banks notice CL Increases, that gives them pause? I understand how a CLD can cause a cascading effect, but why CLIs?

---

A sudden increase in levels of credit card limits (whether through new accounts or requested CLIs) could be seen as a prelude to bust-out fraud.

[FICOdawg]

---

@NoHardLimits wrote:

---

@Vinjints wrote:

If other banks notice CL Increases, that gives them pause? I understand how a CLD can cause a cascading effect, but why CLIs?

---

A sudden increase in levels of credit card limits (whether through new accounts or requested CLIs) could be seen as a prelude to bust-out fraud.

---

This is why I don't understand banks letting people have numerous credit cards with total available limits far exceeding what they could practically afford.      The reality is they obviously just look at the defaults as the cost of doing business given the large number of CC consumers staying on the minimum payment treadmill.       Cha-ching.