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How many can you afford? Actually, if you have several cards, major, store, gasoline, etc. with charges and are only making the minimum, you probably have trouble brewing. Making payments on time counts a lot on your CR, but having lots of cards with balances is not always good.

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10y ago

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Does having too many credit cards negatively impact your credit score?

Having too many credit cards can potentially negatively impact your credit score because it can increase your overall debt-to-credit ratio and make you appear riskier to lenders.


Are there any laws regarding the number of credit cards one person can have?

There are no laws that limit the number of credit cards one can have, but there is a 'law' of common sense. Too many credit cards and too little money equals a lot of debt.


Can having too many credit cards hurt your credit score?

Yes, having too many credit cards can hurt your credit score because it can lead to higher overall debt levels and lower average account age, both of which can negatively impact your credit score.


Does McDonald's accept credit cards?

Yes, and debit cards too.


Why did the inventor of credit cards invent credit cards?

Because he is too cheap to pay for tha actual thing


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The late fee penalties on credit cards are too high and should be lowered.


How many credit cards can I have open in my name at one time Is it bad to have a lot?

it's a good idea to have as few open at a time as possible. Having too many credit cards open at once will ruin your credit score. You're not going to have to pay anything for the credit cards unless you use them, so in that sense, it doesn't matter how many you have. However, opening too many will drop your credit score significantly, so it's not a good idea to have a bunch open at the same time.


Is it better to have paid off open credit accounts on your credit report or should you just go ahead and close them?

It all depends on your income. It is good to have zero balance credit cards on your credit report. But if your potential debit to income ratio is too high, having too many credit cards could be a negative reflection on your credit score.


What credit cards does the Bank of America offer?

Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.


Could you get a credit card with a 528 score?

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Can you get a credit card just to have the card?

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