Why Do You Have So Many Credit Cards? Explained.

Why Do You Have So Many Credit Cards? Explained.

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[BarbellFinancial]

I’m guilty of card churning for sign up bonuses 😂

[vincef]

30% is great starting out. If you are trying to build credit less then 10% is better

[ydn]

Never knew this and never have one yet, but thanks for the info Humphrey! 😊

[ThVultur]

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.

[Myeonnigot]

1 for rent/dining 1 for groceries and 1 for 1.5x everything 😊

[allimimi]

My favorite financial advisor that I’ve never met IRL 😂👍🏽

[kimjohnson]

Tallied up my total credit limit for ALL cards and it was dangerous! But I really only use one for me and have hubby use another. $0 balance every month!

[tylercampbell]

Its not multiple cards that raises your score they want to see different types of credit like a CC plus something like a car loan .Its just a snapshot of how well you utilize credit.
You can also overextended yourself trying to keep a high score..

[tylercampbell]

I have to be in debt to show I can take on more debt..Crazy

[EytsirhcChristye]

I have 2000 of my 6000 limit and I need to get it down to 1, 700. I can open another card and it will help my credit because I’m using 2000 out of say 12000 instead of 2000 out of 6000? Will opening a second card ding me?

[tcfirewatch]

Now do one on how to get out of credit card debt. Besised eating ramen for every meal. Which im currently doing

[avidanimeviewer]

I don’t know why but I’ve looking at so many videos trynna figure what the point of multiple credit cards is, and mean like 10 different videos, your finally did the trick thank. You 😊

[henrybenacerraf]

Its much easier to just pay your cards in full before the statement closing date. In that way you would have 0% credit utilization.

[mohamedhassanaldujaily]

I think that the videos will be better without music

[nblaverage]

dude ofc i see this right after i went over 50%... i was so confused as to why the heck my cs went down

[specterII]

0% is always better treat it like your debit

[BillyBlakeington]

Your gold doesnt count towards your credit limit thats not really a good example

[bones]

Aren’t already in huge amounts of debt. Laughs in student loans. Tbh I wish my credit card had higher limits. I’d place chunks of the student loans on it at 0% interest compared to current rates.

[DHDcat]

credit card usage is strictly American concept, here in the EU credit check doesn't really matter and everyone uses debit. The only reason to have a credit card is to be able to rent a vehicle