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Never ever use a debit card. I only use my debit card for deposits. Your credit card is protected against fraud. Debit cards are not. Always pay to 0 end of each mounth which I've done since 18 years old. I'm 66 now. It's easy when you have a budget. MAKE A BUDGET. Don't spend $ 2,500.00 dollars a year at Starbucks. Stay dept free my friends.

I have a credit card each with Discover, Citi, Bank of America, Chase, and 3 cards with Navy Federal. To me it’s about building relationships with these banks.

14 personal cards... in the garden 🪴 until 2022 Started rebuilding credit in 2016

As many as you can manage, it all depends on the credit limit of a specific card🤷‍♂️. I have 5 & able to stay in the 2% credit utilization with a near 800 credit score. SO, IT ALL DEPENDS ON THE INDIVIDUAL🤔

I’ve had 4-6 cards at one point in time. And I tripled those numbers since 😂

16 years credit history 28 credit cards open 820 credit score it can be possible just dont use more than 10% on your credit limit one each card and change them between month.

I have 4 cards I run my money through. 46k credit limit combined with them. They fit perfect for my life style. 1) grocery and gas 2) dinning and entertainment 3) drug store and catch all 4) insurance bills and medical bills (points card)

I have 11, but I'd recommend 3-5 credit cards for everyone. 1-3 on most spent on spending categories, 1 secure card/1 student card for building, and 1 2% flat rate card for fallback.

I have 14 but only use 2 for most purchases. I use the others every 3 or 4 months for a couple small amount purchases to keep them active.

As many as needed. I think a good “minimum” would be 3: one with a good food bonus (ie - Amex Gold), one for travel (ie - Chase Sapphire Pref), and one for everyday spending (ie - Capital One Venture Rewards). There are many, many cards that can be used to hit these. There is no one right answer for any of those categories.

I have 6 Cards and boy are those rewards paying off. Vacationing this summer all on points. Feels good to pay nothing for travel and that's 4k that I get to keep in my pocket.

I have six, most are cash back, one for every spending category 😇

Simple rule, don’t spend what you do not have. That way you will never have debt problem.

Currently have 5, look at a total of 8 when my whole plan is complete.

I've got 7 cards now with 0 annual fee. I have them all on auto-pay, and only put like $5-$10 on each one. I want a wide and long history of paying on time. Doing this to get the best mortgage rate possible. The main important things are credit utilization and payment history.

A credit card is the best form of payment vs debit card. With a debit card are you leaving money on the table w no rewards. But mainly debit offers no protection and it instantly takes the money out. Listen to any top financial adviser. They won’t let their kids own a debit card

I got one credit card from each of the four major companies. Gave them each a job, and called it the day. I will have the same 4 credit cards the rest of my life.

I have 9 probably going to stop at 10, my credit scores are Ex-806, Eq-807 and trans-804.

I think 4-6 cards is usually manageable. Once you get beyond 6 you need to be a bit of a Pro and be good with memorizing and prioritizing your due dates and cards.

That first bit of advice was really eye-opening for me. I'm going to try to start making purchases with a credit card and pay them off rather than pay for things with my debit card. Not to mention the rewards! I get zero rewards for buying stuff with my debit card. Dang, I've been doing it wrong for so long...

Basically one with each bank

I have 5 credit cards and an Amex Green Card. A Chase Freedom Unlimited at $3000, an Apple card at $2250, an Amazon Chase Non-Prime at $2200, an Amex EveryDay at $1000 and a Discover It Cash Back at $3000 and an Amex Green Card totaling $1600 in spending power since I'm new and 3 weeks into having Amex for a grand total of $13,050.

I'm working on my credit and have watched 100's of videos. Your channel is so REAL! One of my favorite!

Ive got 1 of each of the 4 major credit card companies and i gave each one of them a job.

I used to have 7 cards. They all closed down for inactivity and didn't have a credit card for at least 5 years. I went to get a car loan, got denied. My mom offered to put it under her name as a co-signer. My oldest card was over 20 years and 8 months gone forever, but now looking to rebuild my credit by having cards again and using them responsibly. The ones I had previously as well as a past school loan and my most recent car loan is all paid up. I'm looking to look forward and learn from my past. I have 3 cards now, a Chase Freedom Rewards card with 1,500 and after 6 months, its now at $3000. I have an Amazon Chase Card at $2200 and an Apple Card at $2000. That's enough for now. Three credit cards in one year is enough for now since July 2021.

I have 4 credit cards. Two with high limits for big vacations and big purchases, two with medium limits which I use to make smaller purchases such as groceries and other things to get my 3% on all purchases.

I have only 3 chase cards and it feels like one too many really. I added the amazon prime rewards card just lately because i order from Amazon all the time anyway living in a very rural area with no big stores. I understand the strategy of having 20 credit cards but it just would drive me crazy with all that floating out there and im not a big fan of credit cards anyway, just realize they are like a tool to use (to me anyway) Its really a personal thing like losing weight what works for one person won't necessarily work for another but the fundamentals are the same. Thanks for the video

The videos keep getting better and more informative for advanced credit card users. Thank you!

Always use a credit card for the protection and rewards. As long as you can handle them and don’t apply for new cards too often you can handle as many as you’d like.

For me, the issue is how much of a total credit limit I want for emergencies. I was really glad to have all my cards in Dec 2020. I briefly went to work in Dallas and had a situation where I needed to sleep in an extended stay hotel for the month. Because I had enough credit my utilization was only 10%.

7, try to put one reoccurring bill on each of them but pay off all every month unless I have a sign up bonus to hit first. I have travel cards but have shifted to grocery, etc focused due to last year. Keep a firm discipline of 6 months+ gardening between. Agree that in today’s world credit is especially important. (Good time to take advantage of % interest period if you are starting out and are navigating auto-pay, etc too). I also put my kids on as AUs to help them out.

I have a mix of 28 cards. Store cards, American Express, Discover, MasterCard and Visa. And they all serve a purpose...

My limit will be 7. Lucky number. 6 personal and 1 business card.

Currently have 6 credit cards with 16k income annually and I don't owe any debt. Better play the game or else you gonna get played by the game

I have 4 at the moment. I’m waiting for late summer to apply for a chase card to hold 5 cards in total

I personally have 4.. that’s it for me. All 4 no annual fee.

I currently have 3 soon to be 4 cards. I’ll be good for at least a while...

Two for me one is chase and the other is the apple credit card

I have over double my income In available credit and can still get more cards! 🤷‍♂️

I will try to watch all the videos or half of the videos that you have made on credit cards I like the way you are explaining how they work.

I wish I known about the 5/24 rule before I max out my card approval. My credit history is a little over 3 years old with a 732 credit score after all the hard inquiry pulls. I decided to get so many card right now so my credit age for each account would be so close together. I have 7 credit cards with a total of 39,400 credit limit from all of them together. I think I'm at my limit of credit card accounts just because it's hard to keep track of how often I use each card and making sure each account is open. I think overall a person should have 4 -5 cards if you don't want to go crazy with so many accounts. one for food, one for clothes, one to use for your child or pet, another for household products like furniture/tv/kitchen products, and one to spoil yourself with. My next goal is to raise the limit on my cards more but it looks like I'm going to have to wait until 6 months to do that. Alsp I want to trade one of my old credit card for a better card but it seems I have to wait 2 more years to do that until then I just do research on what replacement card I should get next

I have a minimum wage part time job, and have finagled 22 credit cards with about $120k in unsecured credit.

As always, great informative video. 👏🏽👏🏽👏🏽 For years I had only 2 credit cards. Now I have: ✅ 2 charge cards ✅ 4 personal credit cards ✅ 1 retail card To complete my array of cards, I have my eye on 3 specific additional personal credit cards and 1 business card. And I treat my cards like cash. I don’t spend what I don’t have. 0-1% CU, $0 balance on all cards, and 14% DTI.

I have 8 CCs with 820 score. I do not carry a balance…

5 credit cards all in diff colors lolll, obviously paid off every month, but the number is mainly to keep my utilization low every month, also i don’t have to keep applying in the future, i just rotate them each time i get tired of a color

Stay away from Bank of America. I know someone who's both credit card accounts were permanently closed by Bank of America (without any notice) after being 19 years of loyal customer & paying bills in full & in time all these years! This person was out of country with no cash when this happened, so had to go through hell to come back home. Bank of America customer service later said: "We closed them because we can & we don't even need a reason to do so or tell you why?!"

I got 6, currently 3% or greater on all categories I spend on but occasionally 4% depends on rotating categories. Obviously with chase offers, amex offers, rakuten and such there's also more savings there so sometimes I'm double, triple and quadruple dipping rewards from different sources

2:55 is why im here!!! Wondering if having many cards from diff banks is a bad thing

I have 4. Amex Blue Cash, Discover it, Amazon Prime, and American Eagle. Kinda want the JetBlue card to start saving for trips

I now have 11 credit cards with physical limits and have $24, 250 in personal cards and $4100 in business credit cards. One is a charge card, the Amex Green card which is no preset limit. I'm good for now. 12 personal and 1 business. I see nothing right now on my radar for at least a few months and possibly a year. I'm trying to get under 5/24 which should be at least in another year or two. If their no annual fee, if you prefer one, put a small charge every now and then to keep it open once every few months even better if a monthly recurring charge and on autopay. In this case, the other 2 and it will keep them open, increase the available credit available to you and your utilization will be much lower and raise your score.

I have 7 total. Each of them have a job. I can’t imagine I would need anymore.

I have 5 and never have to worry about having enough money for anything .

There is no such thing as too many

Late to comment but I am one of those 2 card people that he talked about. I have one Visa card from Chase and one American Express card. I find that having a charge card and a credit card to be very useful to me as I spend through a given month.

A couple 1. 2% cash back catch all 2. 5% revolving (or two) 3. >2% gas & or grocery category (PNC, Amex venmo ) 4. Travel card

I have 16 cards with a 3% Utilization and Credit Karma is trying to talk me into getting more cards with outstanding approval odds but I am not interested my score is 790.

4-6 cards? I have like 35 but I pay them in full every month

You nailed it on the Discover card. They started me off lower end then, with out me asking just kept bumping me up! Less than a year I’m up to 15k! They had 0% for 18 months so I used them as my main card. Now I am paying it off before they charge me 20% interest!!!!

I have Capital One and discover it

Thanks once again proud $. Soon to be ten cards when I get out of Chase prison & acquire Amazon card.

Somewhere a guy named Dave is losing his shit

I currently have nine cards with five different banks.. I feel like this is a comfortable amount for me and I use them interchangeably for bill pay and some for purchases only... I could probably open up another account if I wanted but I'm afraid I would hit my credit ceiling for my income range, and feel confident with the mix that I have. I keep multiple accounts with different banks because of the various benefits and offers they provide...Gonna hang out in the garden for a while now.

I have a very short credit history, only 3 yrs & I have had 31 accounts 10 are closed My score is 740 This is just my example, not bragging by any means obv just showing, a lot of cards/accounts isn't always bad 🤷🏼‍♂️ I wouldn't recommend to the average person starting out @ the time it all made sense for me, I'll still probably close at least half of what's left after 2 yrs passes ✌🏻

I have been waiting for this video for a while thank you so much ☺️

Great video...very thoughtful and well explained.

35+ and counting!!! 🤣 I count credit cards in my sleep instead of sheep 🐑

I had 9. However a long time ago discover denied me. Just recent was accepted by discover for a secured card. decided just keep capital one, avant , discover, self, open sky .

Well I’m 35 so far i have 9 credit cards. My credit score is 760

As many as they will give me with sign up bonuses over $500!

I am up to 6 credit cards, including the Chase Trifecta totaling just over $100k in limits. I am using anywhere from 1-3% utilization in any given month and sometimes going up to 5ish% but paying it off entirely each month. I really want to get into the AMEX Trifecta as well but think I need to hold off for a bit as I have gotten the entire Chase Trifecta within the last 6 months.

I have 5 all are cards for rebuilding credit. Credit is getting better and eventually I'll have 3 really solid cards and dump the rest

30 y/o I have 1 credit card & 1 business card. Credit score is 777.

I have 4 credit cards, 1 Charge card, Tractor Supply card and a Furniture Mart card.

I have Apple , Capital One & Amex. Just gonna build these 3 for the rest of my life.

In the UK I have three credit cards amex reward card and two from lloyds banking group a halifax card and a lloyds card which is easy to manage

Currently i have 9 major credit cards, plus 7 or 8 store cards i opened along time ago. I plan to close 2-3 of the store cards & open 2-3 more major cards & then I should be done. I think 20 combined cards is a bout the max i can comfortably handle.

The ultimate goal of the credit score system is to steer people towards a mortgage. The closest thing to a mortgage is a loan. A long-term loan with a very low minimum monthly payment is a great benefit to a credit score. You want the minimum monthly payment to be low because that is reflected in your debt/income. So you could take out a long-term loan with a low minimum payment, and in the second month (after the first balance is posted) use the same funds to pay the loan down to below 20%. Then you can just let the loan ride and make small convenient payments for the duration of it (maybe it's a 5-year loan). You won't be under pressure to make a payment if you don't have the funds because you're paid well ahead. And you can calculate how much you would pay monthly on the low remaining balance to have it paid off at zero at the normal payoff date. Credit cards compliment loans and having them can prove you have self-restraint in an area where many people don't. If your credit score is in the upper 700s and you're interested in the 800s, just find a small, inexpensive piece of land somewhere that you might want to build a vacation escape home on. It could cost $5,000 or less. But having it will give you a little goal, and the credit score gain will help you on things like automobiles, etc. Get into a credit union. That's where you'll find your best rates.

Fantastic video...great advice as always. thanks

And i will go with a credit union

Question:How many cards should one have? Me : yes

83. 83 credit cards is the maximum you should have. Any more than that is unnecessary and probably indicative of some underlying mental health problem.

8 and 1a/u and climbing fast!!! Last yr only had 1.

I’m at 9 cards - 35.2k need to step it up

In my country everyone has one card. It’s quite simple, you make the payment for the card, now you can spend money wherever you go. No weird features of monthly payments.

Have 3 cards, but building net 30 accounts to apply for business credit cards

The answer is no more than five new cards every two years. So when you reach over ten over four plus years that's enough.

Great vid...I normally wait a year and wait for 1 of 2 inquiries to fall off before I apply for another card especially if I am going after a particular credit card 💳...that makes my chances a lot greater when I use this method...currently have 7 which is pretty decent

I think for people who travel on company business you can have what ever the company says so if they say nothing then yeah you can have as many credit cards as you want. but if your paying the bill yeah I would say 3 cards is good. a bank card American Express A Discover card this is whats in my wallet Capital one travel card Venture one 2 Discover 3 American Express cash back 4 Chase Sapphire basic 5. Exxon Mobil charge 6 Citgo charge 7 Macy's American Express

I have 1 bank of America cash rewards Visa.... I'm looking into the chase freedom flex and then maybe just maybe the American Express gold card.

I have 3 and I think that's two two of many.

How many credit cards fit in your wallet that's all the credit cards you need my wallet can hold seven credit cards that's enough

I just got approved for the Amex Platinum and BCP, that makes 13 for me and I'm set for this year, more to come next year.

I have 17 credit cards at this time.

I’m at ~3.5x annual income in open tradelines. I think only two cards are sub-5-digit limits. It’s a marathon, not a sprint!

You need at least a backup. So 2 minimum.

2-3. Amex, visa, MC.

How many cards should you have? Adam: at least 2 ME: as many as they give me!🙂

I have a total of 60 cards with a total limit of $225k and don’t owe a dime on any of them

I'm keeping it at 12 max, partially because I own a business. I've got 2 cards I want (Wyndham Business, Hyatt), and 2 I'm planning to ditch (Costco, Bus Platinum).