How Many CC's should one person have

learningaboutinsurance

GooliesOfFire wrote: »

I don't understand why Amex is so desired by some. I looked at their cards and see nothing special. High interest rate and some illusive benefits I would probably never use. Also paying monthly for the CC is not something I would want to do.. and Amex is not accepted in many places.. especially abroad so additional inconvenience. Enlighten me please lol

As for my CC I think Barclaycard Simplicity just ticks all my boxes.

I think its the prestigiousness factor that has always surrounded Amex that has appealed to people that entices people to Amex

UsernameAlreadyExists

learningaboutinsurance wrote: »

I think its the prestigiousness factor that has always surrounded Amex that has appealed to people that entices people to Amex

For some maybe. But at the moment they are very competitive for the reasons I've said in post #30.

sfax

GooliesOfFire wrote: »

I don't understand why Amex is so desired by some. I looked at their cards and see nothing special. High interest rate and some illusive benefits I would probably never use. Also paying monthly for the CC is not something I would want to do.. and Amex is not accepted in many places.. especially abroad so additional inconvenience. Enlighten me please lol

As for my CC I think Barclaycard Simplicity just ticks all my boxes.

Cashback promotions like spend £50 at Shell and get £15 cashback and spend £50 at GAP and House of Fraser get £25 cashback, as well as West End VIP spend £50, get £25 cashback, Shop Small promo spend £5 at 1000s of shops and get £5 cashback.

All of these get credited multiple times on one account statement for each supplementary card holder. £305 cashback since November on promos alone for 1 Amex account, as well as 46,000 reward points that I can convert to Avios.

Not a bad haul really. Oh, £0 interest as mine is a charge card

GooliesOfFire

All sounds good for those who shop a lot in those places. I cannot say I do. My wife does the monthly spending I just buy petrol and car parts haha. I'm thinking about buying a motorbike and pay with cash and a bit with CC if I find something eye catching but above my budget.. And that's all.. Cashback credit card is not really for me I suppose.

But thanks for the info

SnowBelle_2

I have three Amex for miles,Visa for miles (linked account)
Barclaycard with a mega low interest rate.
Maybe the lady with 12 did not actually have 12 CC'S I have loads of cards including My Boots advantage card and my personal favourite my Pets at Home VIP card!!!! I'm sure they loook like loads when I open my purse.):)

learningaboutinsurance

SnowBelle wrote: »

I have three Amex for miles,Visa for miles (linked account)
Barclaycard with a mega low interest rate.
Maybe the lady with 12 did not actually have 12 CC'S I have loads of cards including My Boots advantage card and my personal favourite my Pets at Home VIP card!!!! I'm sure they loook like loads when I open my purse.):)

No Definitely CC's,

cats2012

Between me and OH we have 6 - personal one each, joint card (all paid off in full), then I have a business use one (paid by work) and one for abroad we only use for holidays and then pay off. 6th on is the only one with a balance which we're paying down after buying our house.

Evilm

learningaboutinsurance wrote: »

I mentioned this, its all good and well fighting fraud and i think CC company's have come a long way in terms of helping their customers fight fraud but that fact that fraud does occur when mostly abroad is not a comforting feeling nor pleasant experience at the time and its usually when your back from abroad that is when you tend to fight fraud

just my 2cents, but again its not happened to me for the reasons i have stated so cannot comment from experience

CC's are not the reason for fraud abroad though. A debit card is just as easily hit if you are using it. And if cash is stolen - well then you've lost the cash until you put in a claim with the insurance (if it covers it). Unless you are claiming that thieves won't bother hitting debit cards in which case you are wrong - I've had conversations with equal amount of friends for both CC and DC fraud charges. The DC ones were more worried as they were then short the funds during the processing times for the fraud claim. The CC ones caught it before it came out of their bank account.

You either don't go abroad at all or you've been luckily and not hit by the issue purely by luck.

Funnily enough the three times I've had to deal with Fraud personally (In 10 years) has been from UK sources and not abroad.

Tixy

learningaboutinsurance wrote: »

No Definitely CC's,

Debit cards from some banks can look almost identical to credit cards. E.g natwest VISA debit and natwest VISA credit.

So it could be a mix of say 4 bank accounts and 8 credit cards.

But assuming you didn't get close enough to read the name on every card then they could just be fraudulent/stolen/skimmed cards. Although then 12 would possibly be too few.

learningaboutinsurance

Evilm wrote: »

CC's are not the reason for fraud abroad though. A debit card is just as easily hit if you are using it. And if cash is stolen - well then you've lost the cash until you put in a claim with the insurance (if it covers it). Unless you are claiming that thieves won't bother hitting debit cards in which case you are wrong - I've had conversations with equal amount of friends for both CC and DC fraud charges. The DC ones were more worried as they were then short the funds during the processing times for the fraud claim. The CC ones caught it before it came out of their bank account.

You either don't go abroad at all or you've been luckily and not hit by the issue purely by luck.

Funnily enough the three times I've had to deal with Fraud personally (In 10 years) has been from UK sources and not abroad.

I never said CC's were the reason for Fraud I said

learningaboutinsurance wrote: »

but that fact that fraud does occur when mostly abroad

I agree that DC or CC fraud can happen, but its more common among the CC that DC. i am not claiming anything all i said was its more common for Fraud to happen abroad regardless of CC or DC

well i have also had similar experience when someone tried to defraud my DC and yes i was short but because i alerted my bank i going abroad during these dates they were able to monitor the transactions and were able to tell me when a large transaction was being placed and wanted to confirm it was me that was making it, to which i said no and money did not leave my account. again if you read my post #28 you noticed i said " is not a comforting feeling nor pleasant experience at the time"

still doesn't mean i was happy about being defrauded at the time.

i do go abroad but i like to think i planned in advance (i.e. tell my bank where i am going during which dates and roughly how much i think i may either withdraw if with a DC, or put a limit of how much transaction i will make of CC) this way the bank can monitor and also be on hand should anything out of the ordinary was to happen with my CC or DC

well i am sorry you have been defrauded hence my comment on the fear factor of fraud when abroad (regardless of CC or DC