Thread: How many credit cards do you have?

yes they calculate the total amount available. Now sometimes too much credit can hurt. Not sure what the exact limits would be. If you have 50000 in available credit and you cancel the cards that brings your limit down to 25000, you score would drop very little. It is more debt to available credit that goes into your score. Think it is 30 or 35% of your score.

And I am assuming having 0% debt at the end of each money cant hurt right? Or do they actually value some small balance on each card?

A small balance can help - shows you can manage it.

My credit isn't that great, so I don't have that many. I have 4 total. Two are retail cards, and two are Mastercards with terribly low limits. I'm hoping to improve these, but I'm not quite sure how. I found this blog detailing how someone with a worse score that mine is trying to raise it, but I'm not sure if the same strategies will work for me.

Only one. One is all you need.

Hi,

I personally have two cards..
1 AMEX and 1 VISA....One for business and one for personal use...

Thank you

company credit report

I got 3 of them...

3 visas, from banks....

1 First Financial Visa
1 Bank of America Visa

I only have one with me as I do not want to have more than 1 and it's a choice. I guess it's a mandatory for us to know how to improve credit score so we know exactly the things that we should avoid most especially in using our credit card.

I don’t have any anymore! At the time when I first held that little piece of plastic (age 18), I thought it was magic money.