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How many Credit Cards does the average MF member have?

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Anonymous
Not applicable

Re: How many Credit Cards does the average MF member have?

Update:

Up to Message #30

Member # = 26

Total Cards = 283

myFICO avg = 10.88 Cards per myFICO Member

Message 31 of 79
Traveler101
Established Contributor

Re: How many Credit Cards does the average MF member have?

6 cards here opened in 4y4m. June, 1 will be replaced.
Message 32 of 79
Anonymous
Not applicable

Re: How many Credit Cards does the average MF member have?

I currently have 11 cards!

Message 33 of 79
NoMoreE46
Community Leader
Senior Contributor

Re: How many Credit Cards does the average MF member have?

I kinda remember from a Stats class that the lowest and highest values should be excluded from the calculation.......
Message 34 of 79
wasCB14
Super Contributor

Re: How many Credit Cards does the average MF member have?


@NoMoreE46 wrote:
I kinda remember from a Stats class that the lowest and highest values should be excluded from the calculation.......

There can be reasons to exclude outliers, but "highest and lowest" is a bit arbitrary.

 

If I took a poll of how much people weighed, and someone said 35 pounds, I could be pretty sure that was a typo and exclude it. But we don't have any obviously erroneous data here. The thread topic is pretty open-ended, counting personal and business cards, bank cards and store cards. There's no particular population segment or card type of interest.

 

We're already a community of outliers. We have a lot of rebuilders, a lot of bonus chasers, and a lot of people who don't mind complexity. So if we're not normal already, why trim the data?

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE
SUB chasing: AA Platinum Select
Message 35 of 79
Anonymous
Not applicable

Re: How many Credit Cards does the average MF member have?

I have 17 total. 12 personal, 1 is a charge card, and 3 are store cards.
5 Buisness cards, one is a charge card.
Ive opened 10 since May of 2019(4 biz)
Since 7 of them are Amex i only took 4 total HP's since May.
Most likely open another Discover card in May.
Message 36 of 79
VanderSnoot
Established Contributor

Re: How many Credit Cards does the average MF member have?

I had four cards when I joined MF last April. Now I have 11 cards. I dream of simplifying like PinkandGrey.

Message 37 of 79
Hex
Valued Contributor

Re: How many Credit Cards does the average MF member have?

23 open cards. Thanks guys. Smiley Happy
Message 38 of 79
coldfusion
Credit Mentor

Re: How many Credit Cards does the average MF member have?

Including business and corporate cards, 61 open. 

(10/2025)
FICO 8 (EX) 838 (TU) 846 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 39 of 79
Anonymous
Not applicable

Re: How many Credit Cards does the average MF member have?

Update:

Up to Message #39

Member # = 32

Total Cards = 412

myFICO avg = 12.88 Cards per myFICO Member

Message 40 of 79
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