How many credit cards do you own...

[demiGod031]

According to an article in an article in MSN, 1 in 7 Americans carry 10 credit cards... Maybe I'll start my own survey here to see if this is true...

How many credit cards do you own? I have 2 cards...

[bjl584]

Re: How many credit cards do tou own...

I have 1

[MonkeyMama]

Re: How many credit cards do tou own...

I think we may have 4 cards.

2 cards - main one and backup.

I think dh has 2 cards he never canceled. A sears card to get 10% discount and an older card - his first credit card. I know the wisdom is to not cancel old cards but our FICO score is stellar and we shop around an always cancel the old ones when we upgrade. But dh is a little lazier which is probably fine because I cancelled 1 card this year already - try not to overdo it. But he had intended to cancel the sears one after we got the discount.

[Scanner]

Re: How many credit cards do tou own...

I have 2.

1 for business (Visa)
1 for personal (Mastercard)

The wife has

3:

1 for personal
1 for Kohl's
1 for Macy's

I guess she opened up the other two because of one time discount sometime - we pay all of them off every month.

I should also note though I do have a revolving line of credit through my business, which is similiar to a credit card minus the outrageous interest rate. I think I am currently paying around 10%.

I get to deduct that interest.

[disneysteve]

Re: How many credit cards do tou own...

We have 4 that get used: 2 Visa and 2 Discover. We have one more that does not get used. Then there are a couple that never got cancelled so I would guess are on some type of inactive status.

[LuxLiving]

Re: How many credit cards do tou own...

2 active

probably 2 more inactive - want to cancel.

[Pupart]

Re: How many credit cards do tou own...

I don't have any credit cards and I intend to keep it that way.

[JoyJoy]

Re: How many credit cards do tou own...

Cards that I use are 2....One Amex and one Visa.

I have a long credit history and cards that I never closed but I don't use them.

[kealina]

Re: How many credit cards do tou own...

DH and I each have one... Visa thru our credit union that we pay online every month...

[safari]

Re: How many credit cards do tou own...

I have 6 cards, but only use one (American Express). In places that don't take American Express, I use Discover, and if they don't take Discover either, then I use Visa.

[jodi]

Re: How many credit cards do tou own...

We have three active cards -
-MBNA/BOA (after they merged) Mastercard that I have had since college
-Discover that we have had for at least 6-7 years (this is our cashback card)
-AmEx we opened last year to get a 0% rate for DH's tuition - we'll close it after we pay the balance off
I've had probably 5 or so more over the years. I opened a Sears account twice to get discounts on major purchases. I also opened an Amazon one once to get $25 off my purchase. DH had several that he signed up for to get free merchandise in his younger days, but those days are gone We do not plan to get any more, but to keep our two main cards indefinitely.

[anonymous_saver]

Re: How many credit cards do tou own...

I have 1. I don't need it at all, I just have it in order to maintain a good credit score in order to buy a house within the next few years.

[Ima saver]

Re: How many credit cards do tou own...

I have 10-12, but I only use 2 and I pay them off each month. I just keep the others to keep my credit score up.

[LivingAlmostLarge]

Re: How many credit cards do tou own...

Amex, discover, mastercard (2), best buy, home depot

[Bookie]

Re: How many credit cards do tou own...

Five credit cards total:

Three bank cards
Two store cards

The oldest of these accounts have been open between 35 and 40 years, and some of the bank cards have been through as many as four banks with mergers and such.