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How many credit cards can I have?

I already have a Barclaycard and Paypal credit and looking into getting another one or two credit cards. I ALWAYS pay my balance off straight away or use the interest-free period offer. I shop at Amazon a lot (about 50-100 pounds a month) and wondering if it makes sense for me to take out the Amazon credit card, as not only I'll get a voucher, but I'll also earn bonus points eventually (not a lot but still!)
I'd also like to take out a 20-month interest-free credit card to spread out a big purchase of £1000 I'm planning, so that would make it 4 credit cards.
Is that too many cards? That would of course mean that some cards won't have much going through them, like up to 100 pounds a month, is that ok?
I'm confident that I can manage all my payments and finances and view this opportunity as building my credit rating and also spreading out purchases + earning some bonus points while doing it :) 
Thanks in advance!
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Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 15 October 2020 at 11:55AM
    You can have as many as lenders are prepared to offer you.

    That may be two, or somewhere in the high teens.
  • D3xt3r5L4b
    D3xt3r5L4b Posts: 1,852 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    3-4 is the minimum you should have
  • 3-4 is the minimum you should have
    Can I ask why? Is it because it will help my credit rating?
  • No. 

    Because it shows that lenders trust you and gives you back ups for when other cards are rejected or closed.
  • D3xt3r5L4b
    D3xt3r5L4b Posts: 1,852 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    It will help with your credit history as well as showing lenders you can use credit responsibly. 
  • dr_adidas01
    dr_adidas01 Posts: 2,158 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    3-4 is the minimum you should have

    Why is this the minimum?  I kinda feel like I have to many now with having 8
    Time is a path from the past to the future and back again. The present is the crossroads of both. :cool:
  • You can have as many as lenders will let you.
    BUT I got burnt a few years ago, I had around 10, some were balance transfer cards other regular cards.
    I became ill, and whilst I had the money available to pay the monthly amount for the balance transfer cards and the income for the regular cards. I was unable to manage it myself, result was getting into default on a few of them. Purely a case of too many plates spinning.
    Since then I reduced to 2, a low cost card for foreign travel, and a loyalty MasterCard for a hotel rewards scheme. I have this year increased to 3 by adding an Amex which offers better benefits for the same hotel rewards scheme than the MasterCard.
    However I just use these 3 cards for spending and always pay them off in full.
  • MallyGirl
    MallyGirl Posts: 7,432 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    and you can set up a direct debit so you don't get caught out not paying in time
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • D3xt3r5L4b
    D3xt3r5L4b Posts: 1,852 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    3-4 is the minimum you should have

    Why is this the minimum?  I kinda feel like I have to many now with having 8
    Cover all basis. One visa, one MasterCard, one Amex..
  • Paully28
    Paully28 Posts: 291 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    You can have as many as you want, and I for one, would recommend the Amazon card if you spend at Amazon as much as you say. I have one and the points seem to rack up quite quickly, and they send you vouchers without request. 
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