How many credit cards do you have? ?

Question

I was just wondering how many credit cards people have? I have one, but I read somewhere it's good to have more than one. Is there any advantage of having more than one credit card?

Answer 1

I have five, but now I can't pay the minimum balance. I decided to seek help from a third party. so, it is best to only have one.

Answer 2

I have two different major credit cards, one gas card, and one store card.  I don't carry balances on any and run pretty much everything thru the cash back reward card.

Experts recommend 4 revolving credit lines and 2 installment loans to get the best credit mix for the best score.

Personally, I think having 2 different major credit cards is a good idea.  One to use for every day purchase, and a back up for emergencies.

Answer 3

credit cards are the devil

Answer 4

My husband and I have about 8, but only one with a balance.  

I've heard that having more than one is good- the more unused credit you have, I believe, is better for you.  Also- do not cancel cards that you have had long histories with- even if you only use them occasionally.   And do not open more than one card per year.  

Answer 5

1

Answer 6

15 but I know people with many more than that

It is very good to have more than 1 credit card,

low interest balance transfers

gives options of bank gets flaky or in trouble (think WaMu)

special finance offers such as Home Depot/Lowes over $299 6 months no interest, Sears appliances 12 months no interest

as long as YOU are in control of your credit, there is no reason not to have multiple cards

Answer 7

discover, mc, visa, american express, bank of A

I have 5 maybe more that i have kept open to keep the history on it u kno?

I would say there is an advantage.. recently discover contacted me about special deal on balance transfers with lower apr's allowing me to pay off debt quicker especially from purchases made a long time ago.

Having different credit cards allows you to also obtain rewards like points and things like that. Actually with todays gas prices those gas point cards are starting to look good huh? haha..

Answer 8

I only have one and I don't really see any advantage to having more than one. If you did another one then ok but you should do what works for you not the majority.

Answer 9

i have none