Feb

10

How many credit cards is too many?

Filed Under Personal Finance 

ent asked:


I just added a sixth credit card because I wanted one that had a cash back rewards program. I only use three credit cards, one for personal, one for work and one for recurring bills like cable. Should I cancel one (or more) or keep all six accounts open? What’s best for my credit score?

AGUSTIN

Comments

6 Responses to “How many credit cards is too many?”

  1. JOAQUIN on February 11th, 2010 7:43 pm

    GILBERT

    Its a good idea to have seperate accounts for different intentions, however only if you can keep track of them.

    Just make sure you keep a good look at whats going on in each and you should be ok.

    I wouldnt exceed 6 , though.

  2. DON on February 14th, 2010 11:42 am

    ARMAND

    2
    personal
    work/bills

  3. CLIFTON on February 16th, 2010 8:15 pm

    DARRELL

    One credit card is too many, Think about it for a second.

  4. LESLIE on February 19th, 2010 3:33 pm

    THOMAS

    two. i have one and its for emergencies only.

  5. ANTWAN on February 21st, 2010 7:36 am

    KENNY

    One!

  6. DARNELL on February 23rd, 2010 4:06 am

    FIDEL

    Keeping credit card accounts open is actually good for your credit score. Also I don’t know what cash back card you just got, but I got one from the website below and I love it. It gives me 5% back on ALL purchases with no annual fee.

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