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Originally Posted by debtdude
Note that while you could go with 0% transfer cards every time your initial period ends (6-12 months), this will negatively effect your credit score because you are appling for so many cards.
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I would beg to differ on this point. I would advise anyone who has been told this or has been wondering this to read this article
here.
I believe that the "If you keep transfering your balances your credit score will drop" is a myth to keep consumers from doing balance transfers. I also think based on the above link that one can have as many cards as they wish as long as they are not using every single card they have.
I.E. Lets say I have a total of 5 credit cards. It would not be good for my credit if I was using every single card, but it would be good if I was only using at most 2 of the cards I had available. Even better would be to have only 2 cards active and the rest available just in case they entice me enough that I would do business with them again.
just my 2 cents