How many credit cards is too many?
2 original BLARGH
My parents have about $50,000 in credit card debt on 3 cards and they also owe me $4000.
My parents are good at creating debt, typical boomers. They've promised to pay me back 50%+ on-top of what they owe me when they eventually get their inheritance. By the time this happens they'll probably owe me $20000.
>>27578920
>having credit cards at all
do americans really do this ?
>>27578965
How long have they had that debt? Do they even try paying it off?
>>27579016
Yeah. They use to owe a little over $100k in just credit card debt. They paid off a big lump sum of $50k in 1 hit back last year when my dad got a different job and sold off a bunch of his tools.
unless you wanna buy porn online theres absolutely no reason to own a creditcard
>>27579061
why would you buy porn ever
>>27578990
It's a different culture were debit cards and wire transfers only slowly took off when credit cards were already established.
>>27579061
Having good credit is one reason.
>>27578920
More than 3. You should have a high/no limit card (that you rarely use), one with a great rewards points system (this is your primary) and one you use for gas. Also you should (naturally) pay off the balances in full each month.
>>27579061
Unless you want to buy a house...or a car....or get good insurance...or have a decent job...ya know, all things that require a good credit score.
Three is too many period.
Two is too many if you use them both regularly.
Optimum is one card for regular use, second card for emergencies or as a back-up if you get ID Theft'ed.
>>27579416
NO More than 3* holy shit fingers.
>>27579416
>>27579453
Does anything bad happen with four?
>>27579485
It's difficult to manage for most people if you use them all, and if you don't you're paying yearly maintenance fees for them which is a waste of money.
>>27579485
I think the general idea is that it provides too much temptation to spend money you don't have.
If you can balance it just fine and pay off everything, it doesn't matter
5+ is too many. just pay your internet, phone, car insurance bills with credit cards and have auto-pay set up so the balance gets paid off every month with money from your bank account. earn points/miles basically doing nothing
>>27579505
Over utilizing your credit cards, even if you pay them all off every month , is worse for your credit report then using them sparingly month to month. Ideally, you shouldn't use more than 10% of your total available credit.
>>27579061
>has never used credit cards responsibly to get a % back for free
>never received $400 doing absolutely nothing but adding an extra 30 second step to your online banking routine
Anyone that trashes credit cards is either an idiot that can't use them responsibly or made no effort to do any research whatsoever.
I have two. My bank pressured me into getting a platinum card a few years ago so I said yes just so the guy would stop calling me. They keep trying to raise my credit limit by $4500 on each of my cards because I pay them off every month but I just shred those letters when j get them.
>credit card
YES YES YES GOOOOD GOYIMS BUY BUY BUY
What's the point of having multiple credit cards?
>>27580404
Multiple lines of credit improves your credit score. Multiple accounts that you have payment records on improves it further. A credit card fulfills both of these.
>>27579591
>supporting the plastic jew
It's basically a scam where Shekelburg takes 5% operating revenue from small business and gives half a percent to you for your cooperation
Two
>>27578990
You'd have to be retarded to avoid them. They are LITERALLY free money and good credit if you're not an idiot.
Using anything other than a debit card is retarded. Don't fall for the plastic Jew, and don't buy shit you can't afford it's not that hard
>>27578920
4 is too many OP
Anything below 4 is ok
>>27580472
Free money you have to pay back with interest isn't free money
>>27580462
Businesses are free to charge a fee for using a credit card.
>>27580496
You don't have to pay one cent of interest if you pay it back within the grace period.
>>27580496
If you pay off the card each month you don't accrue interest fuck face.
>>27580479
Have fun with no credit. I'm sure you'll be able to live comfortably.
>>27580496
Even on my pleb-tier 1% cash back entry level credit card I got $50 back last year. I've never been in debt to anyone but my grandfather.
>>27578965
You won't see a penny of that anon
>>27579061
>not buying things online
>carrying large amounts of cash on you
>EVER
top kek m8 nice b8
Why would you bother spending money you don't have?
>>27580518
>I'm sure you'll be able to live comfortably
How pathetic do you need to be to require a loan at any point?
2. One to pay a random bill every month and the other for extreme emergencies.
I'm 21 with a job and apartment and I have never had a CC. I literally don't know how to get one. What's the best starter card?
>>27579521
I'm pretty sure that isn't true at all
>>27581460
You build credit so you can get house loans and shit
>>27581726
And what do you need a loan for?
As I said, spending money you don't have.
>>27581654
I use Discover IT and Chase Freedom and I like them, they have good rewards programs but really high APRs so make sure you never carry a balance and don't spend money you don't have.
Also, never make a cash advance.
If you do want to or expect to carry a balance and not pay them off within the grace period, get a credit card from your bank or a credit union, they have interest rates that are often half of what you find from big name rewards cards like the ones I mentioned above.
>>27581485
How are you going to get an apartment? They check your credit.
Electric? Credit check
Car insurance? Credit check
Any job that isn't a fry cook? Credit check.
Buying a car from any dealer? Credit check.
I wish I could be 16 and ignorant again.
>>27581688
Sorry friend, but it's true. Notice I said 'worse than', not 'bad'. Ultimately as long as you pay it off its good, but under 10% credit utilization is ideal.
>>27581654
Capital One is the best starter card. $300 credit limit, so even if you fuck up and blow it all irresponsibly, it's still only $300. After 6 months of making payments on tike they up your credit limit, usually to a more useful $500 (though it varies depending on a few things, my first increase was to $2300).
>>27582233
>How are you going to get an apartment?
Why do I need to rent one when I have two perfectly serviceable houses already?
>Electric?
Owning real estate is good enough for my credit for that.
>Any job that isn't a fry cook?
and that
>Buying a car from any dealer?
Still hung up on those loans, eh?
Why spend money you don't have?
What are you, a wageslave?
>>27582319
Sure you do man, sure you do.
>>27578920
One
I only use cash
Do not fall prey to the Jewish bankers
>>27578920
To be honest senpai, one card is too many. But since we live in such a shithole of a word here CASHNOWPLS is required, one card will suffice. They're a scam anyways.
>>27581748
It's rare that one can afford a house in cash; I probably will be able to, but if you can't it can still be a good investment to buy one even on a loan.
>>27582337
I have no reason to lie on the internet.
And even if I did not tell the truth here, do you have a counterargument?
My credit is shit since I started letting everything in my life go to shit during depressing NEETdom. How can I fix it?
I'm 26 and have gotten by just fine without one. Granted, I make a lot of money so I bought my car outright and inherited a house.
>>27582656
I know what you mean. I war born to the Purple as well. 6 trust funds, my own yacht, a dozen butlers (each so wealthy they have a butler of their own).
It's good to be rich. So rich I pay for everything not with cash, but gold doubloons.
>>27582750
Jesus Christ dude, you don't know how lucky you are. I need money to afford my teeth fixed and am going for a shitty minimum wage job...help.
Money makes life so much easier.
>>27582800
Sucks to be you peasant. I had my teeth removed and replaced with shark teeth made of diamonds, just because I could.
>>27580634
>what is debit
>>27583114
Not as secure.
>>27578965
>when they eventually get their inheritance
Kek you will get nothing. Zero. They'll burn it all and mr Shekelberg's lawyer will seize everything they own. Typical boomerd indeed.
>>27582750
Sensing a lot of projection in this post. Just keep racking up that debt, bro, I'm sure it will work out.
>>27578920
According to Credit Karma, you should have at least 21 (twenty-one) lines of credit. Obviously most of these would be credit cards, but a couple could be various loans and mortgages.How the fuck do kikes really expect that from people?
>Using jew cards
Fuck off, debt card is all you need if you need to buy stuff online.
>>27582101
>>27581654
>>27582315
If you have any military or government close family, beg them to get a navy federal account then get one yourself with them as your family member. Navy Federal is the least jewish of any big bank period, shit's cash.
I only have 1 and I owe 800 on it. I believe the interest free purchases are over on it now so gonna pay it off rapid, cut it up and then get another credit card with 0% interest :^)
