Credit Cards – pay off interest rates

February 10, 2010

How many credit cards is too many?

Filed under: Personal Finance — Tags: , , , — admin @ 12:03 pm
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

6 Comments

  1. 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.

    Comment by JOAQUIN — February 11, 2010 @ 7:43 pm

  2. ARMAND

    2
    personal
    work/bills

    Comment by DON — February 14, 2010 @ 11:42 am

  3. DARRELL

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

    Comment by CLIFTON — February 16, 2010 @ 8:15 pm

  4. THOMAS

    two. i have one and its for emergencies only.

    Comment by LESLIE — February 19, 2010 @ 3:33 pm

  5. KENNY

    One!

    Comment by ANTWAN — February 21, 2010 @ 7:36 am

  6. 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.

    Comment by DARNELL — February 23, 2010 @ 4:06 am

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