How many credit cards do you have?

United States
September 10, 2009 12:11am CST
How many credit cards do you have and what do you use them for? I have one credit card. My credit card is American Express. I use it for everything since I get 25 dollars back for every 2500 dollars I spend. I do not get any rebates or things back with my debate card. That is the reason I use my credit card over my debit card.
1 person likes this
6 responses
@fwidman (11519)
• United States
10 Sep 09
I only have one. It's a prepaid credit card so that I can only spend what I have put on the card. it comes in very handy for online shopping and will never put me into the credit card black hole :)
1 person likes this
• United States
10 Sep 09
That seems like a fantastic plan. Almost a debit card if you ask me. Do you know the difference between a prepaid credit card and a debit card? I can imagine if you get in the groove of things while shopping you could very easily spend a huge amount on clothing. I am the same way with cd's, electronics, and anything I think I need right away.
@erikmama (12934)
• United States
10 Sep 09
Thats what I use but it doesnt help build my credit
1 person likes this
@fwidman (11519)
• United States
10 Sep 09
I would say the biggest difference between the two is that with a debit card you have to have a bank account (I think). With the prepaid credit card you just add money to the card and use it just as though it were a real credit card. When I shop online with it the company I'm shopping at has no idea if it is a prepaid card or a real Mastercard :)
@erikmama (12934)
• United States
10 Sep 09
I do not have any...my creidt has been ruined so i cant get them
1 person likes this
• United States
10 Sep 09
That really sucks. I am truly sorry to hear about your poor credit. Are you trying to get your credit in a more positive direction so you can one day apply for loans and even a credit card? If so, what specific credit cards are you potentially seeking? Just try not to get one with an insanely high credit limit to prevent going crazy and owing tons of money.
@erikmama (12934)
• United States
10 Sep 09
Yep, trying to get it foxed but it is hard. Although they say it remains on your credit 7 years sometimes it is much longer. I was denied credit for a debt from 10 years ago.
1 person likes this
• United States
10 Sep 09
Good luck fighting the power. I hope it all works out.
• India
10 Sep 09
I think one card is necessary and sufficient for a person. Even If we do not use it for shopping, it is highly useful for online transactions (e-shopping). Also in many star hotels abroad they are asking the credit card number for surity. To obtain a business visa, most of the countries insist on having a credit card. One of my friends, who did not have a credit card had to undergo a complicated process to obtain his business visa. He had to endorse his foreign currency balance status in passport as a surity. Also during emergencies, If you urgently need money it is better to use credit cards and settle the amount as soon as possible. Else you will have to rely on private lenders who charge exorbitant interest or personal loans from banks which involve lengthy process. I dont have any credit card with me. But my Axis bank had offered me a gold debit card which comes with all feature of credit card. The only difference between golden debit card and credit card is, I use my gold card for "Debit", where i spend from my own money. whereas credit card gives us "credit" for certain limits. Happy Postings! Have a nice time!
1 person likes this
• United States
10 Sep 09
Great response...thanks
• India
10 Sep 09
Thank you, Ross!
@marguicha (78248)
• Chile
10 Sep 09
I have a Visa. And that´s all. They also give me dollars for using it. As I don´t like to get into debt, I pey it completly every month and that way there´s no interest. That money is also part of my vacation money. So I don´t use is really for credit, but it helps me to know how much I spent inwaht. I had a debit card too but I returned when I discovered that the monthly charge for having it was a lot of money. You can also use your credit card to take out money, just like with your debit card. As for paying it, I asked the bank to pay it in full every month. That´s very good when you are out of the country. You know where you have your money .
1 person likes this
• United States
10 Sep 09
Seems like you are very responsible. I pay my credit card every month within the first few days or receiving my bill. I did not know that you can take out money by using your credit card. How do you do that? Is there any fee associated with that? Please fill me in on this since it is very appealing to me.
@kmaram (2535)
• Philippines
10 Sep 09
Hi there, well i have only 1 credit card i am using this for 4 years already. I dont want the idea of having more than one card because i can't control myself in buying so i just have one and i dont have any plan to have more than this. I also do some rebates using my credit card but not the same from you. Mostly 5% rebates, anyway keep on mylotting
1 person likes this
• United States
10 Sep 09
I am sure I will get more credit cards as I get older. Nearly everyone has multiple credit cards. I understand what you mean about not controlling yourself, but I thought more credit cards equals larger potentials loans. My rule of thumb is to treat my credit card just like a debit card. Do not spend more money than I can afford.
@wmaths (536)
• Italy
10 Sep 09
a good kind of credit card. how is the monthly cost? anyway i have got one credit card, but i generally use in the concrete. i mean that i don't buy anything on internet. i just use it with "my hands".