How many credit cards do you have? - Credit Forums

marsel · #1 (**permalink**) 01-04-2008, 11:59 AM

How many credit cards do you have in your wallet? what cards are they?

I personally have 5 credit card...

2 are Capital One credit cards
1 is Continental Airlines World MasterCard from Chase
1 is Discover Business Card for my business
1 is a pre-paid credit card I keep in my car for emergency

Erik · #2 (**permalink**) 01-07-2008, 05:24 PM

3 here...

1 Amex
1 Visa
1 MC for business

Markdeviz · #3 (**permalink**) 07-03-2008, 06:46 AM

credit cards. there no limitation.Depends on you how many credit cards can manage in one time.

Magic69 · #4 (**permalink**) 07-03-2008, 12:06 PM

I'm not telling

nricklee · #5 (**permalink**) 08-23-2008, 12:18 AM

I have two one Capital one and another is Visa.

creditcardwarehouseonline · #6 (**permalink**) 08-24-2008, 10:24 AM

I have
Amex Blue
Chase(perfect) gas rewards
Discover
Amex Starwood (my rewards card)
and just got citi to transfer my balances. I would recommend no more than 3-4 tops though, it is pain remebering to pay all these cards plus other bills every month.

greatestone · #7 (**permalink**) 09-19-2008, 03:01 AM

I heard having too many is bad for your credit, is that true? I think I have 4 also, but I was thinking of cancelling 1 or 2, and I just read thats a no no, but geez, after I settle all my debts, cant I just keep 2 at most to simplify things? Why does canceling ruin credit? Seems a bit non-democratic....

Markdeviz · #8 (**permalink**) 09-29-2008, 01:36 AM

Hi
there are plenty banks who provides different types of card. they are issuing

creditcardwarehouseonline · #9 (**permalink**) 09-30-2008, 12:18 PM

Quote:

Originally Posted by greatestone

I heard having too many is bad for your credit, is that true? I think I have 4 also, but I was thinking of cancelling 1 or 2, and I just read thats a no no, but geez, after I settle all my debts, cant I just keep 2 at most to simplify things? Why does canceling ruin credit? Seems a bit non-democratic....

6-10 is bad. As long as you keep you utilization below 30% of total available credit it will not hurt your score. Do not cancel those cards. Your debt to available credit is very important in determining your credit score.

greatestone · #10 (**permalink**) 09-30-2008, 01:53 PM

Oh so the way they calculate is total available credit to debt, meaning if u cancel a card, your total available goes down and the percentage of debt goes up? What if you have zero balance on ALL the cards, still? I just think its silly that a past mistake of signing up for one too many cards can never be rectified and you have to deal with all of them forever...