How Many CC's should one person have

learningaboutinsurance

Tixy wrote: »

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.

either of those is right as well, i was just like :eek: when I saw her stumbling around not knowing which 1 to pay with that I didn't notice the first part in bold so you could be right. :T

glad i knew when i took my wallet out it only had 3 cards :j and knew which one i had to pay with. wait a minute 3 cards!

Mr_K

Currently have 4 cards, paid off in full by DD each month:-

Halifax MCard 2% Cashback on petrol/shopping
Aquacard 3% cashback
Capital One 1% Cashback + £10 cashback each year
Barclaycard (ex Egg) 1% cashback


Over £300 cashback last year without paying a penny interest or any fees. Make them pay you not the other way round.

aliasojo

OH and I have a total of 10 cards between us with an available credit amount of over £72K.

Ironic considering there is only one wage earner in the family and our income is nowhere near that figure.

We regularly get sent 0% promo offers so if we chose to, we could easily swamp ourselves with unmanageable debt.

As it is, we do have debt but it is all 0% and very well managed.

Roland_Sausage

I have 4 currently.

Capital One which has had a £0 balance for a while. I am keeping it for emergencies as the APR is a low 14% (lower than any other card I have ever had anyway).

Amazon which I use for day to day spending. It gives cashback (Amazon vouchers) and I pay it in full each month.

Creation - this was taken out for balance transfer only and I have never made a single transaction on it. I am 2 months away from paying it off, then will close the account.

Barclaycard - another balance transfer card. Has just under a £4k balance and probably another 12 to 14 months before this one is paid off. Might keep it around as the credit limit is pretty decent (£6.5k)

Mozette

I've got 7 at present, 3 with 0% on them, two with cashback, one for 'abroad' and one which has quite a big limit, which I never use, but just in case the roof falls in or something, I could at least get it fixed!