How many credit cards do you have? - Page 4

amyschiff · 02-24-2008, 03:12 PM

I have 4. One is linked to my checking account as overdraft protection and rarely gets used. Then I got an AmEx Blue card which had an introductory no-interest, so I purchased my favorite computer ever.

The other 2 are store-specific, Kohl's and Victoria's secret. I get extra coupons and savings for having both of them, so that's good, but I still don't like to use them that much.

The only one I carry a balance on is the AmEx, as it is not yet gaining interest. I am itching to get it paid off ASAP (finally started my first full-time job, so it's finally starting to be possible).

ajeh · 02-25-2008, 01:14 AM

I have two credit cards that I am working on paying off. My goal is to leave grad school (May 2009) with no debt outside of student loans. I am in a good position to accomplish the goal.

I'll probably leave them open to maintain a good credit history.

Smoothfox · 02-25-2008, 07:32 AM

It was funny because my initial response was that I have one credit card -- a Bank of America card that I use for pretty much everything. Then I looked in my wallet and was surprised because I found:

2. Costco/American Express
3. Nordstroms
4. Macy's
5. JC Penney

Because I only use these in one store, I guess I don't really consider them "credit cards." Yet, they are!

nikhilp · 05-28-2008, 03:03 AM

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spencer · 05-28-2008, 10:01 AM

Quote:

Originally Posted by Smoothfox

It was funny because my initial response was that I have one credit card -- a Bank of America card that I use for pretty much everything. Then I looked in my wallet and was surprised because I found:

2. Costco/American Express
3. Nordstroms
4. Macy's
5. JC Penney

Because I only use these in one store, I guess I don't really consider them "credit cards." Yet, they are!

I was planning to get a Costco/AMEX credit card and I would appreciate if you share your experience with this card.

volcom579 · 05-28-2008, 06:11 PM

i had like 7 back in the days of college and stuff but i learned my lesson fast and thank god it wasnt a huge amount. Now i have 3 and pay the bill every month

MMarquit · 05-29-2008, 07:19 PM

1: Capital One No Hassle Card: use for groceries and bills
2: Upromise card from Citi: use for online purchases
3: Cashback Discover: use for large purchases
4: Bank of America: have because it's the oldest and still has a low fixed rate and high limit. use for emergencies.

For me, the key is to assign each card a place in the monthly budget. Each is paid off each month -- except sometimes the emergency card if something big comes up, and then we pay it off as fast as possible -- so no interest. Each has some benefit or reward.

SecondCor521 · 06-01-2008, 02:50 PM

I have 39 and am using 15 of them for credit card arbitrage. You can read about my credit card arbitrage here.

2Cor521

02-25-2008, 07:32 AM	#33
Smoothfox Junior Member Join Date: Feb 2008 Location: Seattle, Washington Posts: 2 Reputation: (10)	How many credit cards do I have? It was funny because my initial response was that I have one credit card -- a Bank of America card that I use for pretty much everything. Then I looked in my wallet and was surprised because I found: 2. Costco/American Express 3. Nordstroms 4. Macy's 5. JC Penney Because I only use these in one store, I guess I don't really consider them "credit cards." Yet, they are!

05-28-2008, 06:11 PM	#36
volcom579 Junior Member Join Date: Apr 2008 Posts: 19 Reputation: (10)	i had like 7 back in the days of college and stuff but i learned my lesson fast and thank god it wasnt a huge amount. Now i have 3 and pay the bill every month __________________ Finance / Stock Market Talk, Check us out today!Forex, Commodities, Stocks, Day Trading, Penny Stocks

05-29-2008, 07:19 PM	#37
MMarquit Junior Member Join Date: Apr 2008 Location: Utah Posts: 4 Reputation: (10)	1: Capital One No Hassle Card: use for groceries and bills 2: Upromise card from Citi: use for online purchases 3: Cashback Discover: use for large purchases 4: Bank of America: have because it's the oldest and still has a low fixed rate and high limit. use for emergencies. For me, the key is to assign each card a place in the monthly budget. Each is paid off each month -- except sometimes the emergency card if something big comes up, and then we pay it off as fast as possible -- so no interest. Each has some benefit or reward. __________________ Visit me at the All Business Personal Finance Center or learn to get rid of debt at DestroyDebt.com.

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02-24-2008, 03:12 PM	#31
amyschiff Senior Member Join Date: Feb 2008 Location: Lansing, MI Posts: 228 Reputation: (23)	I have 4. One is linked to my checking account as overdraft protection and rarely gets used. Then I got an AmEx Blue card which had an introductory no-interest, so I purchased my favorite computer ever. The other 2 are store-specific, Kohl's and Victoria's secret. I get extra coupons and savings for having both of them, so that's good, but I still don't like to use them that much. The only one I carry a balance on is the AmEx, as it is not yet gaining interest. I am itching to get it paid off ASAP (finally started my first full-time job, so it's finally starting to be possible).

02-25-2008, 01:14 AM	#32
ajeh Junior Member Join Date: Feb 2008 Posts: 22 Reputation: (11)	I have two credit cards that I am working on paying off. My goal is to leave grad school (May 2009) with no debt outside of student loans. I am in a good position to accomplish the goal. I'll probably leave them open to maintain a good credit history.

05-28-2008, 03:03 AM	#34
nikhilp Junior Member Join Date: May 2008 Posts: 2 Reputation: (10)	Do you want to transfer money to your family and friends? For truly new ways of sending money anywhere across the world, Obopay offers a cutting edge solution of transferring money through your cell phones. Send money quickly and securely!

06-01-2008, 02:50 PM	#38
SecondCor521 Junior Member Join Date: May 2008 Location: Idaho Posts: 3 Reputation: (10)	I have 39 and am using 15 of them for credit card arbitrage. You can read about my credit card arbitrage here. 2Cor521