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How many credit cards is best to carry?

Submitted by Davemayers on Thu, 11/08/2018 - 19:48

How many credit cards is best to carry? I know it's good to have a good credit score.

It depends on how well you can manage them. It is advisable not to have too many cards because doing so, it'll be difficult for you to remember the due dates. However, keep 2-3 and manage them efficiently to have a good credit score. One thing you must follow that is, repay the outstanding balance before the due date.

Submitted by Ryan Miller on Thu, 11/08/2018 - 23:45

Ryan Miller

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A good credit is important especially when you want to lead a good financial life. Ideally, you should have 2 credit cards, each from a different network with different types of rewards.


American Express

Reward points
Cash back

Much depends on the way you handle credit cards. Around 37% of Americans with 750 credit score have an average 7 credit cards. But if you can't handle 7 credit cards, then it's better you stick to 2 credit cards.

Submitted by David Martin on Wed, 11/14/2018 - 19:36

David Martin

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