Comments on: How Soon Should You Apply For Another Credit Card? http://www.askmrcreditcard.com/creditcardblog/how-soon-should-you-apply-for-another-credit-card/ Latest Credit Card News, Reviews and Information Mon, 15 Mar 2010 22:49:53 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Credit Card Chaser http://www.askmrcreditcard.com/creditcardblog/how-soon-should-you-apply-for-another-credit-card/comment-page-1/#comment-120093 Credit Card Chaser Mon, 05 Oct 2009 19:34:00 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=8653#comment-120093 @Financial Samurai I am curious why you would say that 2 or more personal credit cards is too many? The more credit cards you have then the higher your available credit which increases your credit score. Also, it is smart to get credit cards with different rewards structures (i.e. use the 5% back gas credit card for buying gas, the 3% cash back card for buying groceries, etc.) Granted, it sounds like maybe you have had some personal issues in the past with maybe disciplining yourself to not spend more than you have so of course I am not saying that you should go out and max out all of your credit cards if you do not have the money in the bank. If one is able to be disciplined and manage credit responsibly then the right answer is actually that you SHOULD have more than 1 personal credit card. Sorry :) @Financial Samurai

I am curious why you would say that 2 or more personal credit cards is too many?

The more credit cards you have then the higher your available credit which increases your credit score.

Also, it is smart to get credit cards with different rewards structures (i.e. use the 5% back gas credit card for buying gas, the 3% cash back card for buying groceries, etc.)

Granted, it sounds like maybe you have had some personal issues in the past with maybe disciplining yourself to not spend more than you have so of course I am not saying that you should go out and max out all of your credit cards if you do not have the money in the bank.

If one is able to be disciplined and manage credit responsibly then the right answer is actually that you SHOULD have more than 1 personal credit card. Sorry :)

]]> By: Financial Samurai http://www.askmrcreditcard.com/creditcardblog/how-soon-should-you-apply-for-another-credit-card/comment-page-1/#comment-120092 Financial Samurai Mon, 05 Oct 2009 18:11:57 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=8653#comment-120092 I think the right answer is NEVER. Any more than 1 personal CC, and that's too many. I think the right answer is NEVER. Any more than 1 personal CC, and that’s too many.

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