Is there a limit to how many credit cards i can have?

Question

Is there a limit to how many credit cards i can have?

Answer 1

no. but some companies might require a limit.

Answer 2

No there isn't! You can have hundreds. But when you start defaulting is when you have real problems.

Answer 3

No, but Suze Orman (Financial Guru) recommends only 2 to 3.

Answer 4

There is no limit.  But if you get too many, it can make some lenders nervous about extending credit to you.  They reason that with so many credit cards you could run up huge debts and not be able to pay all your notes.

Answer 5

if you need more than three, you shouldn't have any at all.

it sounds like you're planning on maxing them all out. i strongly recommend not getting more than two, but no- there is no limit.

Answer 6

no there is a guy that has a world record for the most credit cards, check it out

Answer 7

NO!!!!! Yet, the more cards you have the less likely it is that someone will continue to extend you credit. Your income to debt ratio must be within a certain range in order buy a car, a home you name it. Further more, as you continue to add up debt your payments get larger and if your are making minimum payments that means even more trouble. You should also consider interest rates. There are so many cards that have very low introduction interest rates and after that period of say a year the cards real of interest will kick in and I have seen be at high as 23%. Another little trick some cards use as well is when you are late with a payment your intrest goes up. I also have to add that the no intrest  for a year offers you get really mean that at the end of the year they tack all the intrest on at once. Not all card companies do it that way, but you should do your research. Do the smart thing; have one card for emergencies make sure you pay it off every month.

Trust me, the money you will save in intrest is worth far more then a "I am going to buy it now quick fix".

Answer 8

Nope.. You can have as many as you want, If u get APPROVED...

Answer 9

The advantage being??