13+ Easy Ways How Many Credit Card Should You Have. As you consider how many credit cards you should have, you’ll want to think about the potential impact on your credit. There may be no “perfect” number of credit cards to have, but there are some general guidelines to consider when deciding to open another card. Your credit score could be adversely affected both by having too many cards, and by having no cards at. In case you’ve numerous credit cards, you might wind up with cards you do not make use of.
Millennials have three, and gen x has four. Using two or more credit cards can help keep your credit utilization ratio low, which, in turn, has a positive effect on your credit score. If you want your credit score to be in good shape, you should avoid having a credit utilization ratio that’s over 30.
The report also states that the average balance on.
Approximately 25% of revolving credit is utilized. Keep your credit utilization below 30 percent at all times. For example, it could be preferable to have two credit.
Millennials Have Three, And Gen X Has Four.
There is no established rule on the number of credit cards one should own.