How Many Credit Cards Do You Have?
Friday December 7, 2007
In your quest for better credit, you've likely questioned whether you have too many credit cards. The ideal number of credit cards is a difficult number of come up with because different people have different financial situations. You can use some guidelines to help evaluate your number of cards.
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Comments
I was wondering… I have no debt at all right now. I use two different credit cards with rewards, and I pay them off every month. However, sometimes I get offers from credit cards with attractive features, such as the MyPoints or Amazon credit cards that give free gift certificates if I sign up.
I was wondering if signing up for these credit cards and using them rarely, or not at all, would hurt my credit rating, or if it would look good to have more cards with open credit.
Thanks for your help!