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How many Credit Cards does the average MF member have?

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FinStar
Moderator Emeritus

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


@Anonymous wrote:

It would be a nightmare trying to manage that many cards!


It's not.  Not, if you have a system built in place that works.

 

And, definitely not something recommended for the average person. 

Message 51 of 79
coldfusion
Community Leader
Mega Contributor

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


@FinStar wrote:

@Anonymous wrote:

It would be a nightmare trying to manage that many cards!


It's not.  Not, if you have a system built in place that works.

 

And, definitely not something recommended for the average person. 


Exactly. You need to practice diligence and use a system that works reliably and repeatably for you.

(3/2024)
FICO 8 (EX) 846 (TU) 850 (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 52 of 79
Anonymous
Not applicable

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


@FinStar wrote:

@Anonymous wrote:

It would be a nightmare trying to manage that many cards!


It's not.  Not, if you have a system built in place that works.

 

And, definitely not something recommended for the average person. 


I mean I have a system in place to deal with mine that doesn't take any time at all, I just wouldn't really want to be bothered with much more than I have now but I also don't generally make heavy use of my cards. 

It is certainly impressive to me seeing people manage so many though. 

Message 53 of 79
Remedios
Credit Mentor

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


@FinStar wrote:

@Anonymous wrote:

It would be a nightmare trying to manage that many cards!


It's not.  Not, if you have a system built in place that works.

 

And, definitely not something recommended for the average person. 


 

 

@FinStar  you need an assistant 

 

🙋‍♀️🙋‍♀️🙋‍♀️

Message 54 of 79
Remedios
Credit Mentor

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


@Gmood1 wrote:

😂😂😂😂

@FinStar @woodyman100 @coldfusion 

 

Yup, we'll certainly skew the average a bit. 😆

I have 73 revolving accounts reporting open and closed per Experian. 

65  actively open with some hidden. 

 

That's a long way from the 2 I had just a short 5 years ago.


You need two assistants 😂🤗

Message 55 of 79
Remedios
Credit Mentor

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


@woodyman100 wrote:

@Gmood1 wrote:

😂😂😂😂

@FinStar @woodyman100 @coldfusion 

 

Yup, we'll certainly skew the average a bit. 😆

I have 73 revolving accounts reporting open and closed per Experian. 

65  actively open with some hidden. 

 

That's a long way from the 2 I had just a short 5 years ago.


186 total. Active is maybe in the 50's 


You're my hero. 

Message 56 of 79
Remedios
Credit Mentor

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

14 open. 

OCD hates even numbers, so I'll have drop one, or add one, but 14 open for now 

 

Message 57 of 79
Anonymous
Not applicable

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


@coldfusion wrote:

@FinStar wrote:

@Anonymous wrote:

It would be a nightmare trying to manage that many cards!


It's not.  Not, if you have a system built in place that works.

 

And, definitely not something recommended for the average person. 


Exactly. You need to practice diligence and use a system that works reliably and repeatably for you.


Oh I do. I just am not really sure there are that many cards I would even want to keep longterm. No judgement though, it's just fascinating to see how many accounts people have. Smiley Happy

Message 58 of 79
FinStar
Moderator Emeritus

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


@Remedios wrote:

@Gmood1 wrote:

😂😂😂😂

@FinStar @woodyman100 @coldfusion 

 

Yup, we'll certainly skew the average a bit. 😆

I have 73 revolving accounts reporting open and closed per Experian. 

65  actively open with some hidden. 

 

That's a long way from the 2 I had just a short 5 years ago.


You need two assistants 😂🤗


Indeed 😅😅 

Message 59 of 79
FinStar
Moderator Emeritus

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


@Remedios wrote:

@FinStar wrote:

@Anonymous wrote:

It would be a nightmare trying to manage that many cards!


It's not.  Not, if you have a system built in place that works.

 

And, definitely not something recommended for the average person. 


 

 

@FinStar  you need an assistant 

 

🙋‍♀️🙋‍♀️🙋‍♀️


You're hired 😁❤️

 

Also, can you make me some otter shaped pancakes, just like the bunny ones you made a while ago? 😋

Message 60 of 79
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