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re: How many credit cards do you have?

Posted on 5/18/17 at 6:59 pm to
Posted by Geauxtiga
No man's land
Member since Jan 2008
34377 posts
Posted on 5/18/17 at 6:59 pm to
quote:

I've never understood the desire to have a bunch of credit cards.
Neither have I. I have two in case I lose one. I can understand having a separate for business but not in excess of 3 total. In fact wanted to ask those with several, why?
Posted by Esquire
Chiraq
Member since Apr 2014
11870 posts
Posted on 5/18/17 at 8:49 pm to
Perks and points man. Free money. Just from switching cards to get the bonus sign up offers I accrued over $3000 in points and miles for travel in 1 year with 4 cards. That's rookie numbers compared to real credit card churning. I NEVER carry a balance and treat them the same as a debit card. The increase in overall credit limit and lines of credit make up for the minor dings when opening multiple a year and my credit score is high 700s.
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