Is it bad to have too many credit cards? I already... - Other Questions


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Credit Card Applications » Questions » User Questions » Other » Is it bad to have too many credit cards? I already have several cards, including store cards and regular...

Is it bad to have too many credit cards? I already have several cards, including store cards and regular bank-issued cards, but there’s a travel rewards card I would really like to apply for.

Answered on | Updated on June 2nd, 2016
The content is accurate at the time of publication and is subject to change.

The average household has between three and four credit cards; having too many cards is not necessarily a bad thing. The thing to be careful of is opening too many credit cards within too fast a timeframe. Another thing to consider is your credit score. If your score is good, you probably don’t need to worry as much about being turned down for a card. But you should still be thoughtful when applying for a new card, such as a Sphere credit card. Make sure it’s a card you will get a lot of use out of, and not just a store credit card that you’ll only use once. Also, don’t close any of your old credit card accounts. Leave them open so you’ll have a longer credit history – it’s one of the best things you can to do for your credit score.

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