While on a recent business trip, I witnessed something that made my jaw drop. I was standing at the hotel registration desk when I heard someone say “See, this is why I don’t need any more cards.” I turned to look and saw an older woman showing her pocketbook to two kids – possibly her grandchildren?
Anyway, I just got a quick look, but a conservative estimate would be that she was carrying at least thirty credit cards, though I’m pretty sure it was more. I was shocked. Who could possibly need (or want) that many credit cards? Sure, there might have been an ATM card or some debit cards mixed in, but still. Wow.
As for me, I regularly carry three credit cards:
- Gold Delta SkyMiles® Credit Card from American Express
- Chase Freedom®
- Citi Simplicity® Card
My primary cards are the Gold Delta SkyMiles® Credit Card from American Express, backed up by the Citi Simplicity® Card MasterCard in case I run into a merchant that doesn’t accept American Express. Keeping at least one MasterCard account open is handy, because Sam’s Club doesn’t accept Visa (or American Express).
I also have an Blue Cash Everyday® Card from American Express that I used regularly before I got the Gold Delta SkyMiles® Credit Card from American Express, though I don’t carry that one around with me.
What about you?
How many credit cards do you have? What’s the breakdown between open accounts and those that you actually use? Which are your favorites, and why?