How many credit cards should u have?

[@KingOrest]

One of the biggest regrets is getting a credit card late in the game out of fear.

[@Kozyboy710]

Fucking same dude. But glad I kinda waiting bc i did a lot of research bc of the “fear” 😂

[@chyndb]

I have ZerO. I’m 27. My parents drilled it into my head to never get a credit card ….. and here I am. Having to rely on them to co-sign for a loan cause I don’t have a credit score And I’ve applied to 3 credit cards all denied due to lack of credit

[@cloudehdayz7761]

You should get a secured credit card. It helps build credit, I got one at age 19. I was on my own when it came to credit, after wards I started banking w a credit union. Opened a LOC, paid it off and a couple years later I was able to finance my own car w no co-signer by the age of 22. Good credit takes time, it’s best to pay off the entire monthly statement but if not possible at least pay off the minimum so you don’t get a hard ding on your report. Good luck on your financial journey! I’m 26 now and still learning :)

[@Deci_Bella]

Yeah, that was definitely financially ignorant on their part. Hopefully you can get a secured card or two (the one from Discover even has a sign-up bonus) and in a year or two you'll have a decent credit history.

[@Iwasonceanonionwithnolayers]

Student card, secure card, and credit building programs through the government

[@morebeanspls]

Secured credit card!! I’m 22 and have a good credit score and I built it in a year. Great start for building credit and once you get a 650+ score you can open actual credit cards.

[@daylight1440]

Get the visa petal card!!! It gives you 1% back and they approved me when I had no prior credit history

[@bernadettesandoval3990]

Its very personal and you must be disciplined. I have: 1 for amazon/whole foods 5% cash back 1 for 4% cash back gas/grocery stores/restaurants 1 for 6 mos no interest payments on medical expenses 1 for 5% cash back at my favorite retailer 1 for transferable miles/rewards with 0 foreign transaction fees 1 for free total mobile protection that I use for the cell phones bills and phones Again, discipline is important.

[@cloudehdayz7761]

May I ask which card is the 4% cash back gas/grocery stores/restaurants?

[@Deci_Bella]

I have the same question - which card is it that gives 4% on both grocery stores AND restaurants?

[@steffi5863]

Hey Bernadette! Thank you for sharing. Would you mind sharing what the first two cards are ?

[@OutstandingBrain123]

Please can you tell what are all this cards?

[@Deci_Bella]

@@OutstandingBrain123 Well, the first one is the Amazon card. The 6 months of no interest can be anything - Citibank routinely offers credit cards with up to 18 months of 0% APR. - 5% cashback retailer - well, aside from Amazon, Target and Walmart offer that on their credit cards, but I don't know what her favorite retailer is, could be anything. The one with miles and no foreign transaction fees could also be several possibilities, plus she didn't say how many miles per dollar. As far as I know, the only card currently without an annual fee that offers cell phone protection is Chase Freedom Flex. The other ones are Capital One Venture X and AmEx Platinum. The one I have that also offers cell phone insurance is Wells Fargo Propel, but that is no longer offered to new subscribers. Having said all this, there is no credit card that offers 4% back on groceries, gas AND restaurants, and I think OP made a mistake on that one.

[@oliviamulligan8675]

I was told by a bank you need 3 lines of a credit for at least 24 months for a construction loan (along with other requirements). Thank you Vivian for teaching us!!

[@abigailcutrona7756]

I feel so much better about becoming an adult (I’m 13) and handling my own money now that I know these things. Thanks so much Vivian!!!!!

[@OhhState]

Please don’t grow up and sign up for three credit cards. Start now by spending less than your allowance. And when you turn 16 and get a job, live below your minimum waged means. You only need a credit card if you plan to live above your means (spend more than you make). Buy cars you can afford to pay cash for, look for houses you can pay off on a 10-15 year note. 🙏🏻 there’s a better way than what society is telling you.

[@taraswanner6749]

​@@OhhState 100% yes! Credit cards have ruined our finances for years. We're still digging ourselves out, and I wish we'd never touched them in the first place. It's totally possible to live in this world without worshiping the almighty credit score, and the more people who turn away from that way of living, the less these stupid credit scores will run our society!

[@angiebaby67]

Definitely keep listening to Vivienne, she gives THE best advice. But I agree about attaching your name to an adult who has great credit! You're doing a great job! Keep up the great work and keep learning about tips to better your credit score 🙏🤗

[@violetverdict3760]

Despite the advice, you’re getting that tell you to avoid credit cards. Yes, get a credit card in college. If your parents can’t help you because some parents just won’t. As soon as you turn 18, make 2 bank accounts, 1 called essentials and 1 for spending. Now make sure you split your paycheck automatically so on pay day your essentials account gets a percentage of your payday money. Keep the essentials bank credit and debit card literally under your rug or someplace where you don’t see it ever. They should never go in your wallet. You link your credit card to that essentials account you made (preferably at a different bank from your main) and set auto payments. Put essential subscriptions on your credit card. Pay each credit card month in full never in pieces. Apply only to student secured credit cards if you aren’t a secondary member on your parents credit card. Don’t apply for popular ones you see on tv that are targeted to office employees and homebuyers or travelers because you’ll get rejected and ruin your score. Those are hard to get approved for with no credit history. By the time you finish college, you should have set least 4 years of credit.

[@abigailcutrona7756]

Just wanted to clear something up: I’m not talking about this one specific tip, I am referring to all of Vivian’s tips, like how to save money in a recession. My family is pretty good at handling money, and I am lucky to have these people to look up to. I don’t want you guys to think I am a total idiot who is way too gullible and naive, and I do have common sense. I just feel for comfortable using money now that I know how some things work. But still, thanks for pointing these things out.

[@annsmith7207]

Ridiculous! As a former banker of 20 years: 2 cards are plenty! And pay the full balance every single month! Paying your entire balance every month is the way you establish excellent credit. Keep it very simple, pay off every month, you are good to go with an excellent score!

[@Deci_Bella]

I don't see how having only two cards would be practical though. You'd be losing out if that's all you have. I have: Target CC for Target (5% cashback) Walmart for Walmart (5% online, and there are no physical Walmart stores where I am anyway) Amazon for Amazon (and sometimes Whole Foods, 5%) AmEx Blue Cash Preferred for 6% back on groceries and streaming Cap One Savor for 4% off dining and entertainment Heck, I even have two ultra-premium travel credit cards - Cap One Venture X and AmEx Platinum - because the value you get out of them is a lot more than the annual fees.

[@michaelstewart1838]

​@@Deci_Bella Nice Setup. 👍

[@epbrown01]

Kinda sorta agree. She's talking about utilization, which is how much of your available limit are you using. If you've got a $20k limit on a card and you're carrying $1k, it's as good as having 3 cards each with a $5k limit that have $1k spread across them.

[@abouther1]

As a UK mortgage broker, I have noticed that a credit limit that’s too high can make you a higher risk. Even doing mortgages for footballers with high income, they can get declined because they have a credit limit the size of a Range Rover, and technically they could go and impulse buy and max out. Don’t forget lenders take (typically) 3% of your balance as an monthly expense so when the card balances get high, it can eat into your borrowing on a home.

[@firefeethok_tui2355]

This is proof that the credit score was invented to sell credit. To trap consumers, make them use their money where they wanted to or not or borrow money when they wanted to or not. Disgusting PS I love your channel.😄

[@idek7438]

In my country credit score doesn't even exist

[@lizab8400]

Exactly. When I was broke I got a credit card and learned a very hard lesson. Now I only have one and only use to for bills that I pay off right away. It's a trap. Beware.

[@ejmtv3]

In my country, having credit or even when you owe big money to someone is bad 😂

[@skelebeee]

I still stand by that if you never have a credit card and only use debit, you should be considered more responsible with money because you aren't spending outside your means on borrowed credit, but then credit card companies wouldn't make any money so thats not every going to happen 😑

[@MsMsShopaholic]

I agree 1000%! I’m 30 & I’m learning the hard way. It sucks that we have to conform to their weird way of thinking. It’s a trap because most people aren’t disciplined enough to make the correct decisions.

[@carryeveryday910]

@@MsMsShopaholicNo one makes you get a credit card it is just more convenient because it shows you can be responsible. With that being said if you KNOW you aren’t responsible enough to handle one like 99% of americans just save money and pay for everything with cash. I’m 28 with over $50k credit limit 0 debt and a 775 score so I can walk into a car dealership put no money down and pick any car I want with 0% apr which I’d never be able to do with the cash only method so it’s definitely worth it if you can manage the responsibility.

[@joonchong]

I have over 30 credit cards and have close to 800 FICO score. It seems like she doesn’t know about “churning.” Free travels with points. Lol. Just gotta be responsible and smart!

[@GorgieClarissa]

30 seems a bit ridiculous and irresponsible. I just got my 5th card and my score is 814.

[@ca29870]

She addresses the general population to who it might apply. But, yes, there is merit to churning and exploiting the CC benefits and point system. Going to open 2 more CC today, I gotta complete the Chase "Trifecta" LOL

[@megadancefan]

@@GorgieClarissa how is it irresponsible if his credit is good and he has no debt? The card isn't problematic if you don't use it.

[@MrShibbles]

She's not wrong about lenders seeing you as a bigger risk. Go try to get a mortgage and see what they say. It's not score alone.

[@joonchong]

@@MrShibbles It's all about your debt-to-income ratio. I had no problem financing a car, and I have seen many of my fellow churners getting a mortgage just fine around me. Why would lenders see you as a more significant risk if you have a near-perfect credit score with 30 credit cards, an auto loan, and overall excellent financial health?

[@normalouis8593]

I have 11. I got my first at 18 ( I'm 22 at the moment)and my highest score has been 771, as of now it's 757 since I recently got a card to increase my overall limit. the only factor hurting my score is length of credit history. I have about one card I've never used and about 5 that I've used once . I pay in full every month unless there's a 0% period.

[@Deci_Bella]

That's not true, that lenders see you as a bigger risk if you have a lot of credit cards. I have around 20 (most of them with $0 balance) - my total credit limit is high, my utilization ratio is low, I always pay on time and in full. My credit scores from all the agencies are over 800, lenders love me, everyone is happy to approve me if I apply.

[@normalouis8593]

happy to see this comment. I have 11 cards and do the same as you. only thing keeping my score from 800 is length of credit history (I'm 22 and started at 18), also got a card recently to increase limits. currently at 757.

[@roliarchie6582]

I have about 24 CC but i only use 3. I did it so that my total credit limit will be higher and to lower my credit utilization/usage

[@JOIxVIDEOxAHxNAH]

I wanted only one cc before, my credit was on froze until I applied for a 2nd one then the number jump up again well down first. Then this year I’ve applied for a trifecta 3 cards within one year Lol! 🐉✨ I still can’t believe I was scared to have one before. Really is a journey I’ve learnt as I go.. sheeesh so many benefits.. spending cash is like throwing away free $ useless like a debit card. My advice do not let outside source to imprint fear into you not getting one.. reality is you ain’t shit without credit in this world. The early the better everything revolves around it. I’m dam near 40 just now learning about it. It’s alright I’ll still remain a student I still have a lot to learn.

[@NotJessH]

At one point I had about 10 credit cards and that’s including store cards like a Target card, Macy’s Visa, a Costco AmEx, and just regular MasterCard, Visa, etc. I paid all of them off and then closed the higher apr cards. I have 4 credit cards now that don’t carry a huge balance on. My credit was trash when I was in my early twenties. It’s getting better, in the 700’s.

[@Knickerbocker7]

Huge mistake to close any cards

[@shaneryan7622]

In tears at the revolut basic debit card picture at the start of a video about credit cards hahaha

[@eatwhatukiii2532]

Oh yeah, and tell them how CLOSING the CC account after paying it all off will put a bad mark on your credit score. Apparently having more cards but using less (keeping the balance at a sane amount) is the way to go.

[@TengenHasAFavoriteWife]

THANK YOU!! I've had such a hard time understanding credit and money, thank you Vivian for being able to clearly explain it to a gnome like me

[@Th33Vultur3]

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.

[@leonb2637]

I have 3 general (one MC, 2 Visa) and one for Kohl's. The Kohl's one is mainly for discounts for its CC holders. If only have 1 general cc and it is rejected for some reason, goes lost, gets damaged, a 2nd or 3rd card may save you. I also have plenty of credit line amounts for any unexpected or higher than normal expenses (like on a long trip, where had to use my cc for employment travel and later reimbursed). Also some cards may give different benefits, especially like with Chase CC's, where different points bonuses per quarter of the year. I end up where I make money on my cc's.

[@MsMsShopaholic]

Learning all of this credit talk at age 30! It still baffles me that even though you have money and are responsible using debit is seen as a bad thing. I guess better late than never. Got my first one & going to get this one going and may get another. I’m very disciplined and I think that’s what everyone needs to ask themselves. She said it best. It’s personal. What can you manage? Don’t get 3-5 that you can’t keep track of. Then hurt yourself even more when things start to add up. Start small. Do your research and do what’s best for you. I appreciate the internet in times like these because they don’t teach you this in school. This is ACTUALLY what we need to know!

[@TheTechCguy]

This may be true, but you’re also overlooking late fees, high APR, and high annual fees that are never offset by cards whose rewards aren’t enough. Really do your research and choose your credit cards wisely so you don’t go into debt. 💯💯💯👌

[@noahwilliams8918]

I’ve got 12 cards and counting. My score has only ever dropped below 750 for a short while when I was adding lines like crazy. They don’t care about total lines, they do care about velocity.

[@evafreshofficial5832]

This is true I have about 11 credit cards myself lenders don’t care as long you don’t have an outstanding balance

[@CreepyGnocchi]

I have 3 cards and my credit is slowly going up often but i need to bring my numbers down! Thanks for all ur vids girlie 💓

[@IGRounder]

I have 19 credit cards. I guess that’s too much even though I think I need one more to make a sweet 20.

[@26Bluegb]

I feel like this short is a great reason why money tips shouldn't be shorts. I have 2 cards and have excellent credit, because it's not just credit cards that count as part of your open lines. AND credit is a complex formula. Side note: if you need 3 cards to keep below 30% every month than you should probably look at your spending.

[@bumblebee4024]

This CC utilization thing is new. It used to only matter if you paid the payments on time. Now you’re penalized for not keeping the balance under 30%. What’s the point of a $20K limit if you’re dinged for using $15K? Dumb BS!

[@normalperson6304]

She has great good points, just make sure you pay them on time and watch what you have in your credit ..

[@raymi9436]

This was great. Sent this to a friend who has around 7-8 😂.

[@raiden3013]

me with 15 credit cards. oops

[@fairiIu]

There's nothing wrong with having that much if you're able to prove that you can pay them all off each month, on time, and utilize

[@Deci_Bella]

@@raiden3013 You could have 30 cards for all the lenders care. The main thing is paying on time and your utilization ratio.

[@BucketListGetaways]

I have more than 8 and my credit score is over 800

[@Deci_Bella]

@@BucketListGetaways Right, I have about 20 and my score is over 800.

[@ljb6343]

I have 10 and they Keep increasing my limit. I Keep them paid _ but I want to close a couple

[@josephbarpaulomoises4977]

I have 5 and each one has its own purpose

[@randomvideos302]

If u leave in europe, dont own a CC. For example in NL u get less money for if u want get a loan

[@barvdw]

Indeed, banks try to minimise their exposure by limiting the amount you can borrow, and they will count all credit cards, credit lines on your accounts and consumer credits ('buy this TV now, pay later') to check for how much you qualify. That said, the US, and even Canada, or different.

[@boy_named_niel]

Age 24 here, already got 6. Amex Platinum, Amex Gold, Amex Hilton. Get around $2k plus net value from them per year. Platinum gave me $1600 in points as welcome bonus, Gold will be giving me $1500, and Hilton $800. Never had to pay one late fee or one cent in interest. I started getting credit cards in November 2022, and already score went from 620-> 720.

[@user-os9ut3jt7b]

Without even doing any research I had a feeling that I would only want to have up to 5 cards and 7+ would be overwhelming to manage. Good to know she agrees !

[@hlove1314]

I can't believe it! My parents always taught me that having just one is sufficient.

[@hfarve]

Very good advice! That's why I watch your videos.

[@undomiel466]

I am so happy in Italy we don't have this credit score stuff

[@AikenAdventures]

I definitely thought that was very few. Anybody else here churning credit cards for points?!?!? 😅

[@truchillztv642]

It might be a good idea to have a second one just in case a credit card company can close your account for whatever reason.

[@RusuEusebiu]

I only have one debit card.

[@DerDoJo]

in my country, if you have more than two credit cards, you will take an MASSIVE hit to your credit score (like 100 point equivalent in the american system) if you apply for another card....even if you dont utilize the other two.

[@mrswiggles4790]

Hmmm…I disagree. One with a nice sized limit that you never use more than 30% on is good enough, IMO.

[@CrankyOtter]

Also, sometimes the card doesn’t work. So have each major one & a couple store cards if your faves give you perks. Then watch Bank of America buy them all out… Against my preference I keep a card with them since its my oldest card & I don’t want to lose the history of stable use.

[@lilypudd]

How do you fix your credit and get credit cards after dealing with Identity theft? It got so bad I quit credit cards all together because none of them could keep them safe and got tired of disputing charges or fighting the companies having to put out $s for legal fees, etc. Had five, went down to three, then two, then one, then none. It was just less cost and hassle.

[@elineeh0]

honestly it is crazy how this works in america. In the Netherlands any open loans deminshes your credit score. So having no creditcards or loans is ideal. We can't go without debit cards as en oppossite

[@samuelm5140]

7-9 credit cards here, all no AF, all paid off and 800+ credit score 👍🏽

[@lennchadful]

i have 11 cards and can get a 2nd car loan and more cards. if you are good with paying off your cards, and have a sub 15% credit utilization, you can get as much credit as you want

[@BoywithLoveeee]

I have 7 credits but only uses 3 and 6 of them has $0 annual fee so I just keep them in my drawer lol.

[@ary5829]

Same here!! Wonder if it’s helping or hurting?🫣

[@BoywithLoveeee]

@@ary5829 it does help with the credit history. I pay off the cards that I use and have an excellent credit.

[@Kimiko_ShibaInu]

I took a loan from a credit bureau to help pay for medical expenses opted for the 18 Month payment plan- once paid off it helped my credit so much- never had an actual credit card though and my credit is in the very high 700s! Def don't need 5 credit cards lol 😊 as she said it is a personal decision

[@QueenNemesis327]

I just wanted to give everyone an unrelated to credit card tip, but cash saving tip, which genuinely irks me that this is a thing but if you shop on the Walmart website, several of their bulk items will be more per unit than if you buy the smaller packages. I just wanted to come here now as I was shopping so you can go see for yourself, the 12 pack of snapple strawberry kiwi is $14.78 and the 6 pack is $7.28. I've seen this SOOO many times on their site with all different brands, even sometimes finding name brand cheaper than store brand (great value) and for the people who have always thought buying in bulk is cheaper, which it should be, Walmart is faking a lot of us out. Not all of their products are like this, but they're mixing in some so we don't notice.

[@mrsducky3428]

Exactly!

[@QueenNemesis327]

@@mrsducky3428 the audacity of them...

[@jasminmenzies9759]

I only have the 1 credit card. My credit utilization is only at 11% and my score is above 770. I will apply for another credit when my income has increased. I'm broke right now 😞

[@CookieEspresso]

Depends on your age too,start with one low limit when young and build it up. After a few yrs, get more cards, never miss a payment, pay more the the minimum, but play around the ratio usage accordingly. Eventually the limit will auto go up and do will credit score. Depends on your jobs, your credit score is checked too. So if your much older and knows what u are doing 5+ cards no issue.

[@whatwhatinthewhat4400]

I have zero, i got one in case of emergency which i used like twice cause my debit card wasnt working when buying food. I dont think my country has credit scores. Like i bought a car, with finance and didnt need to get my parents or anyone else involved. so obviously what ever score I have is good.

[@summertime69]

Having 2 credit cards at least means that when you have balance transfer options, you can use them against each other. When I worked for the bank we had customers whod flip back and forth at 0-5% when normal interest was 20%+

[@pinackbunny5487]

credit score also depends on credit age and if u only have one, adding another can tank your credit age and therefore your credit score. if u have more cards and ever need to add another card, it won't tank your score as much too

[@oliiisaw]

Kinda glad we don't have credit score stuff here. You only get problems if you have had problems paying off stuff

[@marybean2231]

I have three, and only use one primarily.

[@bobfg3130]

I've heard an interesting idea. Have a credit card with a low limit for online shopping (maybe $2000). The other one is the one you use normally.

[@Tuskbumper]

Have a card for every major purchase category. Gas online and restaurant. Most likely

[@BigZWD]

😅, I had 8 as a freshman in college,, blew them at spring break and summer. Fast forward 6 yrs got 8 more blew them with stupid business ideas. 4 yrs past got 7 more,, didn't really use them for myself, family, friends, ex-girlfriend and really nothing for myself. 😅 I lost my job, lost my cards and funny, the phone calls stopped. 😮.I have just two now with a $5000.00 limit each. Only use them to keep them open and only for MY emergencies

[@SuperJohnnyme]

I like this girl. ❤

[@Sentry0]

I only keep one. 😊

[@sammihenderson9690]

Damn. I have 35 and carry about 10% or less.

[@ass-a-tony6323]

833 with only 1 credit card.

[@datnohi8612]

1 got 13 and one of them jokers paid my home off when I was laid off and the bank refused to refinance me to a lower payment 🙃

[@RedRider1600]

According to Credit Karma, 21 or more is ideal. Actually, 21 or more tradelines, which could be mostly credit cards, but not necessarily all credit cards.

[@Py16777216]

Probably fair advice, but I have 9 open credit accounts a few store cards and lots of credit and 5 closed lines I didnt use often enough. It's probably wise to avoid amassing credit sizably over your income but as long as you pay your bills and keep life time intrest charged

[@rhondasherrill8788]

I have EXACTLY ZERO credit cards

[@tropicalbreeze7508]

Right on, thanks.

[@justmika6964]

Thanks I needed this

[@karmageddon9856]

Using credit cards to build credit only works in certain countries. In my country, credit cards do not build your score, so that old advice to avoid them is fitting for our economic system.

[@kaa6734]

I only use one but I have three

[@thisminimallife]

Me with 8 cards 😳😝. Only use one of them

[@michaeldowning7094]

I got my first credit card at 30 ! don't be me and start as early as possible with student cards and secured cards. Fico gives you the most points with at least 3 cards, and let 1%-9% balance report for the most points possible. 10%-30% is normal but you earn less score points.

[@tsaunders4684]

I got 6 credit cards and have 812 credit score.

[@Missmay777]

It’s also incentivizes spending vs. saving. People that don’t have their own capital to make a purchase they need to borrow it thus requiring a good credit score. Why not flip around your thinking and save your own money instead…As you don’t need credit if you have the funds available and therefore a credit score becomes irrelevant. Now, if you have a mentality of being comfortable in life, and trying to get the best bang for your buck, and also borrowing money from a credit institution when needed, then yes, this information is beneficial. However, if you have a mentality of becoming rich, then this information is not applicable or really beneficial.

[@voravincii]

People get rich off borrowing. Rarely do people have the capital up front. This is what investors are for.

[@trentintampa9328]

I have only one and excellent credit (750+ with all 3 credit bureaus). They are dangerous for the young and irresponsible.

[@ArabellaPottery]

Credit score is unnecessary if you have cash. Which you won’t have because you have credit card debt.

[@t.bennett4829]

Hi Vivian, Does this include store credit cards? Thanks.

[@RedRider1600]

She's not going to answer you. She's not really your BFF. It's just a gimmick. Yes, it includes store credit cards. I suggest you have at least 12 cards, 2 credit lines, 2 installment loans. Credit Karma thinks 21 credit lines, cards, installment loans, etc., is ideal.

[@tsaunders4684]

​@@RedRider1600Yeah you right, she doesn't response to anyone. However I do like some of the Info she privides.

[@Daniel-Reacts]

I only have one credit card and my credit score is almost 800.

[@spider1g5]

Does it count being on another's "authorized user" for a total of 4 cards?

[@fairiIu]

Yes. It's how parents build up credit for their kids years before the child is old enough to build their own income.

[@RedRider1600]

It usually counts but not always. The new FICO9 or FICO10 does not count authorized user accounts. I suggest you apply for more cards of your own. But you are off to a good start.

[@mattlane2282]

Ideal is 1-6%

[@sheilayoung9082]

I have often thought it would be: VISA Platinum, MasterCard Gold, American Express and only two merchant cards (e.g., cards for a hardware store and an automobile 🚘 repair shop).

[@darrell_dee97]

It really depends on who the issuing bank is, the reward options offered, interest rates, customer service, misc fees, etc.

[@Deci_Bella]

It's really not about that at all - it's about all the perks various cards offer. You apply for something because it provides valuable benefits (to you), not because it's a MasterCard.

[@DH-hs8ic]

thank you!!

[@christ2381]

Meanwhile in Germany: You got a credit card? Very bad for your credit score. Having one is like having thousands of Euros debt.

[@bobfg3130]

Depends.

[@radalgo]

Umm nope again how you arr using it

[@christ2381]

@@radalgo Then you know how Schufa works? I used my credit card only for online buys and payed it back every month. When I needed a mortgage, every bank said that I have to cancel my credit card because having a credit line of 5k is like having 5k debt because I could use it the next day.

[@christ2381]

@@bobfg3130 @Rad Roxxx Then you know how Schufa works? I used my credit card only for online buys and payed it back every month. When I needed a mortgage, every bank said that I have to cancel my credit card because having a credit line of 5k is like having 5k debt because I could use it the next day.

[@radalgo]

@@christ2381 didn't you show your normal account for schufa instead of your credit card account?

[@TamagoHead]

I have a bunch & pay them off every month. No biggies. I like the different rewards, never carry a debit card, and only six at the most. No annual fee is key. You need to control expenses & increase your earning potential. Credit card companies can be predatory. My only card that has an annual fee is my Costco card that is free with membership. 🤓So, my membership costs are reduced. (Costco card is kinda strange stuff stingy though). 🤭

[@Solo-opiniones84]

Yeah right they always tell you that's a low impact

[@am80ma]

i can never get my credit score above 800... its been sitting between 790-798 for like the last 10 years...

[@AngharadMac]

I got rid of mine with bankruptcy. Too tempting when I'm in a bind. And I always seem to be in a bind

[@mrsducky3428]

Exactly!

[@appleman2034]

I know this sounds insane, but i like to just buy things with money i have.

[@loganmoynagh1109]

Me with 12 credit cards in 1 year👀

[@bensmith7857]

I have 0 credit cards. 4bed 2bath house, 2 cars, 1 acre of land, and zero debt, and I'm 26. It's possible. Remember that the borrower is slave to the lender

[@Ramz_-iu7sd]

This video gives bad advice towards the ending. Credit lenders do not see you as a bigger risk if you have lots of credit lines. That is only true if they see that you are maximizing them. If they see that you handle the lines correctly they offer you higher limits actually

[@sparks911]

Thanks boo 😁

[@jennyfromtheblock9484]

the credit score is the biggest mind f$#k of them all smh

[@robindabank12]

I have 16 😂 and my credit score is 780.out of 900.

[@smooothsynergy652]

Thanks Viv!!

[@stephenbermingham6554]

0. 0 credit cards you are supposed to have.

[@solomondenning]

If you have no late payments for over a decade and you have 10+ credit cards how will they see you as a higher risk? That’s what I’m working towards for the rewards and keeping utilization under 10%. I’ve got 4 so far at 22, and pay them off in full every month for the past 4 years.

[@labelledujour5855]

I have 8 of these bad boys no more for me.