Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace

What makes the dollar strong?

Aug 23, 2019

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
This Is Uncomfortable
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy

Choose the right number of credit cards

Raghu Manavalan Feb 21, 2014
Share Now on:

Ivan from Manhattan, NY sent us a question that had us a bit conflicted.

He’s a credit card rewards addict and wants to consider opening up more credit cards. He doesn’t carry any balances on any of his cards and has a credit score of 770, but is wondering if 10 or 15 credit cards is credit overkill. The answer?

It depends.

We know, we know … it’d be nice if decisions like these were more definitive.

David Lazararus says he’d be happy if Ivan dropped down to three cards.

Farnoosh Torabi says as long as he paid off his credit cards in full, going for the full amount of cards he wanted was fine.

John Ulzheimer from Mint and SmartCredit.com said his magic number is five.

The biggest thing you should keep track of is paying off your card in full and on time. Cash back and rewards points can add up, but if adding more credit cards will make that too hard to track, it’s not worth it.

And picking the right credit card is important, too. Check out NerdWallet‘s comparison tool if you want to make sure you’re getting the right card for your needs.

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.