Posts Tagged ‘ too many credit cards ’

There is no limit on the number of credit cards you can have

Dear Experian, How many credit cards can I have? I have eight credit cards. I opened all of them within the last year (total $6,500), plus a loan for a car ($16,000). I am a housewife. My husband pays all my bills on time, but he keeps asking me to get new credit cards. I wonder if it's damaging my credit history or my credit score. Also, is it shown on my credit report if I apply for a credit card and I do not get approved? - ARY

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Deciding whether to cancel credit cards you don’t use

Dear Experian, How do you get rid of too many credit cards even if you haven't used them for years? Also, some credit card companies are charging fees. How do we cancel those cards without hurting credit scores? - DRS

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