How many credit cards should a person have?
April 21, 2007 by admin
Filed under Questions and Answers
Kat asked:
I know having too many is not good for a person’s credit score and looks bad to those checking this credit. But not having any credit (such as cards) is not good either. So is it best to have more than one card?
Content
I know having too many is not good for a person’s credit score and looks bad to those checking this credit. But not having any credit (such as cards) is not good either. So is it best to have more than one card?
Content
ses on Sun, 22nd Apr 2007 4:20 pm
ONE with a very low limit. to build up your credit score. keep yourself out of trouble
DaveBurke_98 on Thu, 26th Apr 2007 3:09 am
one visa one mc. thats it. and only use one unless you have to use the other then pay that one before it registers interest.
me1c01ciz on Sun, 29th Apr 2007 12:56 pm
You should get at least two Credit Cards. If you have one credit card is alright too as long as it has over 10,000 dollars.
The"F"Zone on Tue, 1st May 2007 12:02 pm
Yes.I dont think any problems there
Dave W on Fri, 4th May 2007 5:31 am
One. You can better manage a credit score by keeping a thumb on unsecured credit. Too many cards get unmanageable very quickly.
Erica on Sat, 5th May 2007 5:50 am
My parents told me when I was younger to have a limit of two credit cards. One Visa and one MasterCard. In case of an emergency, just about every place will take one or the other, often times both.
victorschool1 on Sat, 5th May 2007 5:55 am
I have alot of them, I get them for the promotions they give, however, I do not carry balances on any of them.
datslife_huh on Sun, 6th May 2007 2:30 am
It actually depends on what u can afford. I get the prepay credit card and let it build up. In a year some will let u barrow money from the company and may maybe $5 amonth interest. Havin to many can get u into trouble later on. I’d say no more than 2 or 3 just to be on the safe side. I myself perfer prepay 1 card. I get mine thru U can build ur credit up this way also.
waggy_33 on Tue, 8th May 2007 1:26 pm
One with a limit set slightly above what you feel comforable paying each month to avoid the interest charges.
Studly on Fri, 11th May 2007 7:19 am
If you are trying to achieve the highest credit score possible, then ignore the previous answers. Go to and read up.
This is the site of the folks who developed the FICO scoring system, so they should know, right?
They recommend having 3 credit cards, and 1 or two gas station/store cares.
Common sense says don’t get cards with a high credit limit. Don’t use more then 25% of your available credit limit, and pay off as much as you can each month. Never pay late!
What I recommend is you find a card with a very low interest rate, and use that to pay for everything you normally pay credit for, such as utility bills, groceries, gas, phone bills….then pay it off.
This works especially great if you have a card that has “cash back” features on it, or gives you credit points.
ericrop2000 on Mon, 14th May 2007 12:49 pm
if u got good income dont need them i recomend at least 10 percent your yearly income