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How many can you afford? Actually, if you have several cards, major, store, gasoline, etc. with charges and are only making the minimum, you probably have trouble brewing. Making payments on time counts a lot on your CR, but having lots of cards with balances is not always good.

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Q: How many credit cards are too many?
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Related questions

Are there any laws regarding the number of credit cards one person can have?

There are no laws that limit the number of credit cards one can have, but there is a 'law' of common sense. Too many credit cards and too little money equals a lot of debt.


Does McDonald's accept credit cards?

Yes, and debit cards too.


Why did the inventor of credit cards invent credit cards?

Because he is too cheap to pay for tha actual thing


The late fee penalties on credit cards are too high and should be lowered.?

The late fee penalties on credit cards are too high and should be lowered.


How many credit cards can I have open in my name at one time Is it bad to have a lot?

it's a good idea to have as few open at a time as possible. Having too many credit cards open at once will ruin your credit score. You're not going to have to pay anything for the credit cards unless you use them, so in that sense, it doesn't matter how many you have. However, opening too many will drop your credit score significantly, so it's not a good idea to have a bunch open at the same time.


Is it better to have paid off open credit accounts on your credit report or should you just go ahead and close them?

It all depends on your income. It is good to have zero balance credit cards on your credit report. But if your potential debit to income ratio is too high, having too many credit cards could be a negative reflection on your credit score.


What credit cards does the Bank of America offer?

Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.


Could you get a credit card with a 528 score?

probably not, because your consider high risk to the merchant/lender. you probably have some high balances, slow payments and too many active credit cards or/and new credit cards


Which credit cards are ranked as the best?

The two most popular credit cards are Visa and Mastercard Credit Cards. They have many endorsements with many companies including Disney, Chase, and many banks.


Can you get a credit card just to have the card?

Sure, but to have the card and not use it does NOT improve your credit rating. If you amass too many credit cards - even if you never use a single one of them - it decreases your credit rating because you have "too much available credit potential".


Can you use Credit cards in England?

Yes, many credit cards are accepted in England.


What is a list of reliable credit cards?

There are many credit card companies that offer reliable credit cards. However, my list of reliable credit cards would include Visa, MasterCard, HSBC, and RBC credit cards.