re: How many credit cards do you currently have?

I have four.

Chase Amazon Prime Rewards (Visa) - Amazon, restaurants, gas, and drug stores
CapitalOne Quicksilver (Mastercard) - Had this one since college and only use it for promotions they have (i.e. one free ride for every nine rides with Uber and half off of Spotify subscription)
Citi Double Cash (Mastercard) - Everything else
Amex Corporate card - Strippers and blow

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Statistically speaking, credit card use (except for the OT) is a bad thing because it's a tool to accumulate debt. Most people have intentions to pay it off every month, but only 35% actually do.

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Precisely, but the people who do use it responsibly reap great rewards. You're basically admitting that you are not responsible enough to own one.

Which is fine. Some people are bad with money, just don't scoff at CC's because of that.

American Airlines and Trek

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Totally debt free, except for my house (820 FICO).

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Calling BS, to achieve that kind of score you need open credit lines. I found out the hard way just cutting up the credit cards and have shite paid off isn't the best course of action. In fact because I had done so and didn't borrow for a while and had but 1 line of credit open and it affected me negatively. So you'll have to go sell that snake oil somewhere else.

1 VISA

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You don't have to have multiple, multiple lines of credit to obtain a 800+ FICO. Actually, all the unused credit cards people have (but don't use) are dings against your FICO score. 

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That's just false. A big part of your credit score is how many/How big the lines you have and credit used against those lines


If you have cards you don't use and don't have a balance that helps your score.


For someone that doesn't borrow and pays everything in cash a like you claim why the F would you know or even care about your credit score?

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You can't be serious

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Actually I am , been around the banking world long enough. Also, It ain't that easy to achieve an 820 sorry that's just flat false.

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Actually, all the unused credit cards people have (but don't use) are dings against your FICO score.

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Wrong again, an unused CC with a large available balance is a good thing, It shows you have buying power. Available credit limits actually improve your score. So like I said before take that Dave Ramsey snake oil and peddle it elsewhere.

Just one and looking to add a second. I don't have a very long credit history, but a pretty strong fico score.

The average young person is not going to get approved for a car loan or to buy a home without a parent's co-signature unless they have some type of credit history. What you did with your loan is a means of building a credit history, but for many, using a credit card achieves the same while fitting into their lifestyle better and providing rewards.

If you're lower income, yet responsible and not debt-prone, a credit card can help you reach milestones better. If you do very well financially, you probably don't need the credit history as badly, but a credit card basically puts free money into your pocket. The only people a credit card is bad for are people who don't know how to control their spending. Sadly, that is a lot of people. But condemning credit cards just because there are a lot of idiots out there is wrong.