- Centurion Member
- Posts: 232
- Joined: Sun Jul 17, 2011 11:47 am
- Website: http://www.ivotedale.tumblr.com/
- Location: Mesa, AZ
I don't think I've necessarily heard anything bad from having just (1) credit card since you pay in full, have no debt, etc. I forget where I've seen this, but I remember reading online about a member who only had one card through Amex since the 80's or something. The score was possibly around the 750 mark, not sure though.
I'd speculate it's not bad, but having more than one can benefit you if want to raise the credit score a bit, since you'd have a little more revolving credit. Though if you're into rewards etc, having a gratuitous amount of cards would probably limit your maximum reward earnings for each respective card.
Like the users above mention though, I use it to pay everything for its security measures. If the card is stolen, the CC company will help rectify it/credit the money back to you/etc. Your debit card has immediate access to your money- I had my card number taken from ordering from the UK once, and though they refunded the money back to my account, several attempts were made to be charged to the debit card shortly after. I ended up canceling the card and getting a new one.
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF