Is 5 personal credit cards too many? Not a high utilization rate but some are too old to close that will adversely affect my credit score

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As long as you use them responsibly and aren't paying annual fees no that is fine. If you are paying annual fees make sure you are getting value.

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Not enough if you ask me

likesmartfunny

I periodically close cards because I don't use them and don't want to be bothered to keep track of them (make sure there isn't unusual activity, etc). I also occasionally open cards for the bonus. As long as you're not excessive with either of these activities and have a strong credit score to begin with it's not an issue. My score is 810 atm. I have like 8 cards and can't wait to close at least 2 of them.

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I don’t know if a “higher” number of credit cards is necessarily a negative thing - I have 10 different cards that are active. As far as I can tell it has allowed me to keep my credit utilization low and has shown I can use credit responsibly (of course need to pay them off on time)

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5 is definitely not too many. Credit gurus have many more than that. Make sure you’re using the AZEO method (all zero except one) to maximize your credit score. Keep all 5 cards active by using them each month, but pay off the balance of 4 of the cards before the billing period ends. Keep a small balance on only the 5th card (5-10% of your credit line) so that it’s the only balance that reports to the credit bureaus. This technique maximizes your credit score

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Y’all can have your opinions. Accenture 1, you’re not understanding. I’ve never paid a penny of interest on credit cards or late fees. The AZEO technique is something many credit gurus advocate and it’s easy – it’s not a lot of unnecessary work. Maybe some of you are thinking that because you’re not fully understanding, or simply because you’re used to your own way so think AZEO is time-consuming or confusing. Not at all for those of us doing it

I have over 20 credit cards. #Murica 🇺🇸

Also reckless on the lenders part. That’s fine though - they will just get another taxpayer bailout. 😂😂😂

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Don’t assume that C1, my credit limit is over 2x my annual salary

Just use 1 and you’re fine. Keeping them just increase your credit score

Experian suggests 5.

I have 20+, various ones to maximize points for various types of purchases. I pay them all down every month, and my credit score is over 800.

^ are you me ?

I dont think u can have too many unless many of them have annual fees.. i have like 7-8 and i use 2.. ill never close them because that cant ding your credit score.. let the company close them .. CCs are the easiest way to build credit if u have self control

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