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How many credit cards do you have?

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Posted by Maryann ·

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The best thing to do is assess your use of credit cards against income or business revenue. If the scales tip towards use (ie. expenses) and throw income into the sky, then credit cards are not for you. This calls for radical transformation. On the other hand if the revenue is the heavy weight, then you are in control. However, think about investing the charges you pay over a long time into something else, you will soon catch on to the notion - find another alternative to credit cards!

Capital One for Wal-Mart only, 5% cashback

Discover for other grocery or shopping, 1% cash back

Amazon Synchrony for Amazon orders

Cap1 and Disc cards only used for online orders or grocery and stock up items (larger amounts, over $30) otherwise I pay with cash. Some months do not use credit cards at all.

Each credit card statement balance is paid in full the months when there is a balance.

I have three. The newest one is about 2-3 years old and gives me the best rewards, so I use that primarily. The other two are much older, so I keep them open to boost my age of credit. To keep the accounts active, I charge my Netflix to one and my gym membership to the other, but that's it.

I pay each card off within a week of the balance posting. Sometimes I pay the balance on my main card twice a week. Honestly, I don't trust myself to wait until the end of the month and pay off the entire month's charges!

I have zero credit cards. Are used to have two, but around 20 years ago I was not very good about paying them off, so I decided to have zero credit cards. However this fall I plan to apply for a credit card with my bank, one that will help me build my credit score, as well as teach myself how to manage money well, while using it.

I have 1 credit cards. Are used to have two, but around 20 years ago I was not very good about paying them off, so I decided to have zero credit cards. However this fall I plan to apply for a credit card with my bank, one that will help me build my credit score, as well as teach myself how to manage money well, while using it

I have major credit and store cards, some have a small balance I am trying to finish paying off and the others I do not use.  I really want to close most of the  accounts but I have had 90% of them for over 10 years and my credit score would take a hit, which I really don't mind.

we always pack our own food and ask a local where to shop for groceries. we do eat out sometimes but always for lunch. my husband likes state and national parks and often there is no place to eat. i even pack frozen entrees that we prepare at home and we take dishes to eat from. we find more and more couples, families, and groups of friends doing the same. it is the experience we are looking for not a bigger waist line.

Like others, I pay them off every month. One allows me points, which this year I was able to cash in and take $1,000 off flooring for 3 rooms. One allows me to shop at Costco and gives me cashback on groceries (so double win). One gives me Amtrak miles and the other gives me Southwest miles.

We keep two credit cards because of the positive impact they have on our credit rating.  However, both are nearly paid off.  We charge the same small amount on each card every month, with the exact same amount paid in return each month.  Result?  Zero balance on these cards continually.

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