Comments on: How many credit cards should a person have? http://creditlightning.com/how-many-credit-cards-should-a-person-have All Things Credit Thu, 29 Jan 2009 22:17:23 -0600 http://wordpress.org/?v=abc hourly 1 By: ericrop2000 http://creditlightning.com/how-many-credit-cards-should-a-person-have/comment-page-1#comment-79 ericrop2000 Mon, 08 Dec 2008 01:57:05 +0000 http://creditlightning.com/how-many-credit-cards-should-a-person-have#comment-79 if u got good income dont need them i recomend at least 10 percent your yearly income if u got good income dont need them i recomend at least 10 percent your yearly income

]]> By: Studly http://creditlightning.com/how-many-credit-cards-should-a-person-have/comment-page-1#comment-78 Studly Sat, 06 Dec 2008 09:49:31 +0000 http://creditlightning.com/how-many-credit-cards-should-a-person-have#comment-78 If you are trying to achieve the highest credit score possible, then ignore the previous answers. Go to and read up. This is the site of the folks who developed the FICO scoring system, so they should know, right? They recommend having 3 credit cards, and 1 or two gas station/store cares. Common sense says don't get cards with a high credit limit. Don't use more then 25% of your available credit limit, and pay off as much as you can each month. Never pay late! What I recommend is you find a card with a very low interest rate, and use that to pay for everything you normally pay credit for, such as utility bills, groceries, gas, phone bills....then pay it off. This works especially great if you have a card that has "cash back" features on it, or gives you credit points. If you are trying to achieve the highest credit score possible, then ignore the previous answers. Go to and read up.

This is the site of the folks who developed the FICO scoring system, so they should know, right?

They recommend having 3 credit cards, and 1 or two gas station/store cares.

Common sense says don’t get cards with a high credit limit. Don’t use more then 25% of your available credit limit, and pay off as much as you can each month. Never pay late!

What I recommend is you find a card with a very low interest rate, and use that to pay for everything you normally pay credit for, such as utility bills, groceries, gas, phone bills….then pay it off.

This works especially great if you have a card that has “cash back” features on it, or gives you credit points.

]]> By: waggy_33 http://creditlightning.com/how-many-credit-cards-should-a-person-have/comment-page-1#comment-77 waggy_33 Sat, 06 Dec 2008 06:35:03 +0000 http://creditlightning.com/how-many-credit-cards-should-a-person-have#comment-77 One with a limit set slightly above what you feel comforable paying each month to avoid the interest charges. One with a limit set slightly above what you feel comforable paying each month to avoid the interest charges.

]]> By: datslife_huh http://creditlightning.com/how-many-credit-cards-should-a-person-have/comment-page-1#comment-76 datslife_huh Thu, 04 Dec 2008 16:24:15 +0000 http://creditlightning.com/how-many-credit-cards-should-a-person-have#comment-76 It actually depends on what u can afford. I get the prepay credit card and let it build up. In a year some will let u barrow money from the company and may maybe $5 amonth interest. Havin to many can get u into trouble later on. I'd say no more than 2 or 3 just to be on the safe side. I myself perfer prepay 1 card. I get mine thru U can build ur credit up this way also. It actually depends on what u can afford. I get the prepay credit card and let it build up. In a year some will let u barrow money from the company and may maybe $5 amonth interest. Havin to many can get u into trouble later on. I’d say no more than 2 or 3 just to be on the safe side. I myself perfer prepay 1 card. I get mine thru U can build ur credit up this way also.

]]> By: victorschool1 http://creditlightning.com/how-many-credit-cards-should-a-person-have/comment-page-1#comment-75 victorschool1 Wed, 03 Dec 2008 03:43:48 +0000 http://creditlightning.com/how-many-credit-cards-should-a-person-have#comment-75 I have alot of them, I get them for the promotions they give, however, I do not carry balances on any of them. I have alot of them, I get them for the promotions they give, however, I do not carry balances on any of them.

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