To me, 2 is already too much. If one feels the need to get more credit, then one should reconsider his way of living for instance to avoid some expenses (although I totally agree that you need a credit to buy a house or a car). I've always stopped myself from getting new CC because I don't want to end up with a wallet full of green credit cards!
----Not everyone that has credit cards are living outside of their means, many people have cards to get cash back and rewards, and pay off their cards each month.
Starting Score: TU 761 EQ 772
@ayanhein wrote:Some ppl have 5, some have more than 10 credit cards. How many credit cards are considered too many? Is it depening on your credit history?
Oh, goody. I get to pull out the FICO pie.
We're looking at the grey section of the pie - Types of Credit Used.
Now, FICO has a pretty flexible statement on the desirable number of accounts in their Understanding Your FICO Score booklet
In Types of Credit Used, you'll find two categories "How many" and "What Kinds"
Here's what they say about "How many":
"How many of each. Your FICO score also looks at the total number of accounts you have. For different credit profiles, how many is too many will vary depending on your overall credit picture."
So, yes, ayanhein, it depends on your credit history.
This piece of the pie - Types of Credit Used - accounts for 10% of your FICO score; and this category also includes "What kinds of credit you have" or your credit mix - which has a more significant weight.
So, yes FICO can ding you for too many accounts. But in the Types of Credit Used category, they weight your mix of credit (installment and revolving) more heavily. And the number of accounts which would produce that 'ding' varies with your overall credit picture.
In reality, your number of accounts with a balance can have a far more significant impact on your FICO score.
Did I make that worse? Or better? 
Thanks beamMeUp. I do have 5 CC and history of 2 and half year. I guess it might be considered a little over average 
@ayanhein wrote:Thanks beamMeUp. I do have 5 CC and history of 2 and half year. I guess it might be considered a little over average
Well, if it's Average you're after, there's a stat for that too!
myFICO says:
Number of Credit Obligations
On average, today's consumer has a total of 13 credit obligations on record at a credit bureau. These include credit cards (such as department store charge cards, gas cards, or bank cards) and installment loans (auto loans, mortgage loans, student loans, etc.). Not included are savings and checking accounts (typically not reported to a credit bureau). Of these 13 credit obligations, 9 are likely to be credit cards and 4 are likely to be installment loans.
I'm below average. 
No, wait. I'm keeping it down to four, which makes me very
@Anonymous wrote:
@ayanhein wrote:Thanks beamMeUp. I do have 5 CC and history of 2 and half year. I guess it might be considered a little over average
myFICO says:
Number of Credit Obligations
On average, today's consumer has a total of 13 credit obligations on record at a credit bureau. These include credit cards (such as department store charge cards, gas cards, or bank cards) and installment loans (auto loans, mortgage loans, student loans, etc.). Not included are savings and checking accounts (typically not reported to a credit bureau). Of these 13 credit obligations, 9 are likely to be credit cards and 4 are likely to be installment loans.
I'm below average.
I think 4-6 CC is good enough. Out of my 5 CCs, 3 CC have no reward.