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
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?”
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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.
ARMAND
2
personal
work/bills
DARRELL
One credit card is too many, Think about it for a second.
THOMAS
two. i have one and its for emergencies only.
KENNY
One!
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.