I'm a firm believer in credit cards, as i'm sure most of you all are. Right now I have about 5 Credit Cards, My first ever (Capital One Student Rewards) My second: Case Freedom My Third: Case Sapphire Preferred, Case Marriott Rewards, and finally my AMEX Premier Rewards Gold Card.
From my understanding this is a healthy lot of cards to have. Mixed Rewards, Travel, and general Use cards. I nearly always pay off my cards 100% of the time. I have a purpose for each card. I Have read that 5 cards is where you should be but it can very from person to person? So my question is. Whats the perfect number? How many should I have?
Little about me. 23, Credit Score 775, 5 Credit Cards, Available Credit 70K, my credit Utilization is around 7% And I always pay off each card on time. Normally I only use 2 during any given month unless i'm traveling. Than i cash in on my travel Cards like the Marriott
Any advice would be great!
One AmEx and one Visa/MC.
One for cash back and another for points (preferably transferable to multiple hotels/airlines).
I know most would say it depends on your needs and that is true. But I am focusing here on the keyword, "Ideally" :-)