in Credit by

What is the best number of credit cards to have to my name?

1 Answer

0 votes
by

There is no one answer to this question. I would suggest that instead of looking at the number of credit cards you have in your name, look at it as a total amount of credit to your name vs. how much credit you’ve used or are likely to use, realistically speaking. The percentage of the credit you have that you’ve used is the number that matters here, and getting another credit card can lower your usage percentage, but there are other things you should consider. Such as the fact that with more credit cards come more minimum payments and more temptation to spend. Whether or not more credit cards will benefit you is going to have to be a judgment call you make based on your own situation.

Related questions

0 votes
    Do I have to have a credit card to improve my credit score?...
asked Oct 10, 2020 in Credit by Editorial Staff
0 votes
    What’s the best credit usage percentage?...
asked Oct 10, 2020 in Credit by Editorial Staff
0 votes
    Why is my credit score not improving?...
asked Oct 10, 2020 in Credit by Editorial Staff
0 votes
    How do I get something taken off my credit report?...
asked Oct 10, 2020 in Credit by Editorial Staff
0 votes
    How can I improve my credit score without going into debt?...
asked Oct 10, 2020 in Credit by Editorial Staff
0 votes
    Where can I get my free credit reports?...
asked Oct 10, 2020 in Credit by Editorial Staff
0 votes
    On the back of credit cards/debit cards, there are thin stripe is known as Stripe. a) Gold b) Silver c) Magnetic d) None of these Select the correct answer from above options...
asked Dec 12, 2021 in Education by JackTerrance
0 votes
    ___________ is a device which secretly collects data from credit / debit cards. (a) Card Skimmer (b) Data Stealer ... Security questions and answers pdf, mcq on Cyber Security pdf,...
asked Nov 4, 2021 in Education by JackTerrance
0 votes
    Number of ways in which a pack of 52 playing cards be distributed equally among four players so that each may have ... same suit is: Select the correct answer from above options...
asked Nov 13, 2021 in Education by JackTerrance
0 votes
    Phishing is a trick, used to hack personal or financial information such as security number and credit card number ... True b. False Select the correct answer from above options...
asked Dec 7, 2021 in Education by JackTerrance
0 votes
    Phishing is a trick, used to hack personal or financial information such as security number and credit card number ... True b. False Select the correct answer from above options...
asked Dec 5, 2021 in Education by JackTerrance
0 votes
    Phishing is a trick, used to hack personal or financial information such as security number and credit card number ... True b. False Select the correct answer from above options...
asked Nov 26, 2021 in Education by JackTerrance
0 votes
    What type of person makes a good credit analyst?...
asked Oct 10, 2020 in Credit by Editorial Staff
0 votes
    What are the most common credit metrics banks look at?...
asked Oct 10, 2020 in Credit by Editorial Staff
...