In exploring the question of how many credit cards is too many, a Reddit caller named Sue shares his experience with eight credit cards, all with zero balances. Despite having surpassed the national average of four cards, Sue is focused on boosting his credit score from 650 to a good rating by consolidating his accounts. He plans to reduce his cards to three, favoring higher limits and beneficial rewards. Managing low spending limits effectively by paying bills frequently mitigates potential credit risk in this process.
The average American carries four credit cards, but our caller today has eight. Eight credit cards isn't too many, unless too many of them are charging you an annual fee.
Sue aims to set about this first of all by paring the amount of plastic in his wallet. He wants to move from eight low-spending limit cards to just three cards with, ideally, both higher spending limits and more benefits for the account holder.
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