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How many credit cards do you have?

I am all about points. I love my Sapphire Reserve card....


But I am tempted to also open an Amazon card, SW cc, Nordstroms, etc.


I have about 5 total, and I feel like thats a lot to manage.


I know there are lots of posts about cc usage and points (one is posted in the link), but can someone explain if/why its better to have more or less?


Thanks!

https://bravado.co/war-room/posts/playing-the-credit-card-points-game
How many do you have?
Attached poll
*Voting in this poll no longer yields commission.
๐Ÿ’ต Finance
22
paddy
Arsonist
+9
Account Executive
I just dispute all of my credit card charges I regret. It's great
aiko
Politicker
+7
Sr. Account Executive
Shut up... really? can you tell me more?
paddy
Arsonist
+9
Account Executive
...sometimes lol.
Show 5 more replies
Th
Theloanemperor
Opinionated
+1
Loan Officer
LOL.
slaydie
Politicker
+5
Account Executive
This was a fun surprise to read! hahahaha Im guessing you can't dispute more than once with the same credit card company...right?....or can you @paddy ? haha
aiko
Politicker
+7
Sr. Account Executive
dying to know ๐Ÿ‘€
dr
drfsrich
Sr. Manager, Sales Ops
Hi it's Frank from the credit card company.

We have your children.

Call us.
TheSolicitorGeneral
Politicker
+5
Small Market AE
Typically the more available credit you have amongst all lines of credit the better. Unless youโ€™re doing like 10 hard credit inquiries a year, I wouldnโ€™t worry about applying for credit cards. Iโ€™ve signed up for at least five cards just to get free shit or money off my purchase lol
aiko
Politicker
+7
Sr. Account Executive
But does it hurt your credit score?? I'm trying to stay over 700.
TheSolicitorGeneral
Politicker
+5
Small Market AE
Nope, not unless youโ€™re applying for a shitload within a very short timeframe.ย 
Show 4 more replies
TheDeplorable
Politicker
+7
AE
Playing a dangerous game with any more than 2 lol
aiko
Politicker
+7
Sr. Account Executive
I can see you are more of the cautious type ๐Ÿ˜ƒ
TheDeplorable
Politicker
+7
AE
I grew up with Dave Ramsey haha what can I sayย 
Show 2 more replies
poweredbycaffeine
Politicker
+7
Bean Juice Drinker | Sales Savant
I have an Apple Card (hypebeast moment), Amex Gold I use as my daily swiper, and a British Airways (Chase) card I use to collect flight points to visit family over in Ireland.

If you're good at rewards churning you could have as many as 10 to manage between different points, welcome offers, etc. Pick something that doesn't give you anxiety and stick with it. If you don't use it, get rid of it.
aiko
Politicker
+7
Sr. Account Executive
How often do you get rid of it? I'm afraid of shutting it down to keep my credit score high.ย 
poweredbycaffeine
Politicker
+7
Bean Juice Drinker | Sales Savant
I donโ€™t churn, so Iโ€™ve been with these cards for a long while. However, closing and opening isnโ€™t your problem, itโ€™s available credit and utilization. Keep availability high and utilization low and youโ€™re more likely to keep your score high.
Show 6 more replies
Th
Theloanemperor
Opinionated
+1
Loan Officer
That's a good mix of cards for the benefits. The benefits of having good cards and utilizing them results in huge savings
Rallier
Politicker
+9
Account Executive
What's the ideal number?
aiko
Politicker
+7
Sr. Account Executive
Over 700?
Sgt_Trollingham
Valued Contributor
+5
Business Development Director
Ha!
Show 1 more replies
Th
Theloanemperor
Opinionated
+1
Loan Officer
Be smart about the cards you get, but it's good to have 4+. I use my AMEX Platinum for literally every single thing I spend money on except for my rent and car payment. Racking up a bunch of points or cash back by using your cards wisely results in huge savings.
Chep
WR Officer
+10
Business Development Team Lead
I have an Amazon credit card that I cut up the day it got delivered because I wanted the 60 amazon gift card they gave you for signing up. Used that 60 dollar gift card to buy all my Christmas gifts (Bulk order of photo frames and candles). NO REGRETS.
aiko
Politicker
+7
Sr. Account Executive
HAHA guessing no annual payment?ย 
Chep
WR Officer
+10
Business Development Team Lead
No annual payment indeed
looper1010
Celebrated Contributor
+12
Account Executive
I use credit cards to churn points.ย  All of them are paid off each month.ย 
Ma
Matt
Politicker
+3
Sales Executive
I have around 13 active cards, but I only use 2-3 of them on a regular basis. Iโ€™ve opened them over the last 10 years to maximize rewards/take advantage of sign up bonuses and keep them active as it helps with my overall credit (keeps credit usage to a minimum and gives a positive number of accounts). Im currently using the AmEx Platinum and Citi Double Cash as my daily cards as I get the best rewards on those two (the free travel perks on the Platinum card make the high annual fee well worth it for me personally).
goose
Politicker
+10
Sales Executive
I have five but only use one.
aiko
Politicker
+7
Sr. Account Executive
what are the other 4 cards for?

goose
Politicker
+10
Sales Executive
Never closed them out. ย Just available credit at this point.
Show 1 more replies
AssistantToTheRegional
Opinionated
+3
Enterprise Account Executive
Amazon Target Red Debit Amex work Amex personal
aiko
Politicker
+7
Sr. Account Executive
Does target have good return?
AssistantToTheRegional
Opinionated
+3
Enterprise Account Executive
5% off target purchases

Show 1 more replies
Telehealth_2the_Moon
Notable Contributor
+12
Director of Business Development
Really depends on how much work you want to put into it. Do you want to keep it all straight and make sure you're on top of them to avoid any fees or is it more valuable to you to not have to worry about it and just rack up consistent points on a card with good rewards?
aiko
Politicker
+7
Sr. Account Executive
Trying to rack up as many points as possible. Keeping track of all of them is tough though. I have to find an ap.ย 
Beans
Politicker
+5
Account Executive
Looking for a new travel rewards card (canada) if anyone has one they love.
aiko
Politicker
+7
Sr. Account Executive
Sapphire reserve is the best. Its even shown on the Nextflix show about modern day currency.ย 
ji
jibjabba
Account Manager
Im new to credit and having cards. What would a reccomended amount of cards be for someone who just landed their first job within the past year?
aiko
Politicker
+7
Sr. Account Executive
I would start with one where you get benefits where you shop the most. I love my sapphire reserve bc I get 3x points on dining and travel. Then I can use those points on international flights. Since covid started, they shifted to paying off your groceries. They will pay them back at 1.5%. So if you spent $150 on groceries, then you can pay it back with $100 worth of points and get the full $150 credited back to your account.ย 

BUT it has a high annual fee of $450. IMO its worth it bc in 2019 alone, my travels could have costed over 2k, but I paid for flights with only points.ย 
whathaveyousoldtomorrow
Opinionated
+2
Account Executive
AMEX PLATINUM all the way. I have >6 but none with a balance.

Keeps the credit score high - I understand that part makes zero senseย ย 
aiko
Politicker
+7
Sr. Account Executive
Do you pay off every day?
whathaveyousoldtomorrow
Opinionated
+2
Account Executive
Every billing period - its a charge card, not a CC you can roll a balance on. Never put anything on a CC you cant pay cash for.ย 

aiko
Politicker
+7
Sr. Account Executive
Any advice on how it helps/hurts your credit score as well?
SalesGal
Politicker
+6
Account Manager / FSR
If you apply for all the cards at the same time or within a short amount of time, it wonโ€™t be good for your credit. You should avoid having too many hard credit checks at once
Th
Theloanemperor
Opinionated
+1
Loan Officer
the biggest thing is to keep your card balance utilization at 30% or lower on each card. That is the single most impactful metric to your credit scores that aren't late payments etc.
bareknuckles
Valued Contributor
+4
CEO of my kitchen table
0
The.Machine
Politicker
+6
Sales Development Lead
Why should someone have more than 6 is my question.ย 
looper1010
Celebrated Contributor
+12
Account Executive
Churning points for for things like cash back and travel or dining points
aiko
Politicker
+7
Sr. Account Executive
Free trips ๐Ÿ˜ƒ
WCK
Politicker
+8
Padre de Tequila
Zero
slaydie
Politicker
+5
Account Executive
I have 2 CC's but I've never really had a strategy. I have one of them so I can get free banking and then the other one for points. It works so far
aiko
Politicker
+7
Sr. Account Executive
nice!
NoSuperhero
Politicker
+6
BDR
NONE, fuck credi cards, fuck banks.
aiko
Politicker
+7
Sr. Account Executive
Just try one ๐Ÿ˜
ragnarlothbrok
Politicker
+5
Key account manager
0 now ๐Ÿ˜€ slippery road them thingsย 
aiko
Politicker
+7
Sr. Account Executive
Theres def a strategy to it
aiko
Politicker
+7
Sr. Account Executive
Thanks for all your help, I just applied for an Amazon CC on Prime day and now I have 6 ๐Ÿ˜…
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