I have 19 credit cards (applied over 17 years, only using two of them now) Total credit limit 210k Creditscore 817 ( transunion) Don't see any negative impact so far, did you run into any issues with having too many cards Tc ~400k
6inch
Nah this is good
I have 18 of them, all applied and issued within 4 years of joining my first job Fun Fact: None of them carry an annual fees, and some of them are high end cards
Mine were also mostly applied initiall 8 years to take advantage of 0% Apr and balance trf offers
The number of cards doesn’t matter as long as it has been a while since you opened any. What gets you is carrying any balance on any of them. Closing any would actually hurt your score because it would increase your used credit ratio.
Yep no balance...I mostly carry and use 1 or 2 now and no balance
Closing recently opened cards increases your average credit age and total number of historical accounts. Both of those make your credit go up. I have an 875 score with 11 cards.
Why keep them open? Just let them close.
Ya couple got automatically closed since not using them for past 10 years...
I used to be heavy into the churning game, but always closed out the accounts or let them go inactive to avoid ending up with so many active at once like this. I have only my two main cards, two store cards that I use frequently, and my two oldest cards with a total limit around $125k. Credit scores sitting at 815.
i got 7 in 7 months, tanked my credit score, took a year to recover
Get a new credit card every 6 months for welcome bonuses. Then put the ones you dont use in your sock draw. Over time you credit score will go up. Been over 800 credit score for most of my adult life.
Yep.did exactly that
Most of them get deactivated right if we don’t use for 3 months or so.. how do you make sure that?
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How big is your wallet?!
For real 🤣
Haha..very big 😉 ..I had to hold it with my hand while walking around