> It's absolutely crazy. I think about this every time I see someone pull out their massively stacked wallet full of cards. I couldn't live like that.
If you want to maximize your credit score (and you should since it'll give you better rates, saving you money) you want to have lots of credit cards with high limits.
One of the factors that goes into your credit score your available credit. You want your available credit to be very high but your utilization to be very low (but not zero).
I keep lots of credit cards, at least one or two from every major bank and some from smaller ones. Thus my available credit is very high and so is my credit score.
If you want to maximize your credit score (and you should since it'll give you better rates, saving you money) you want to have lots of credit cards with high limits.
One of the factors that goes into your credit score your available credit. You want your available credit to be very high but your utilization to be very low (but not zero).
I keep lots of credit cards, at least one or two from every major bank and some from smaller ones. Thus my available credit is very high and so is my credit score.