Is it a bad idea to have more than 1 CC?

[krakken]

I'd say 3. one each of Mastercard, visa and amex to cover. But you don't really need more than two.

 

[RossMAN]

Oh yeah, what are some other good CC companies out there?

CitiBank Dividend Platinum Select VISA (there's also a college version available)
Earn 1% cash rebate on all purchases.
No annual fee.

Good luck and remember applying for several cc's is bad for your credit score because of all the "inquiries" which appear.

 

[BigSmooth]

<< How widely accepted are AMEX cards nowadays? >>


RossMAN is correct in saying that Amex is not as widely accepted as Visa/MC. However, in my experience, Amex is accepted in about 95% of restaurants and retail stores. Most online retailers take it too. The places where Visa has a REALLY big advantage are gas stations and grocery stores. Amex is not always accepted there, but Visa is.

I have the Costco Cash Rebate Platinum Amex. I use it quite a bit because you get a % cash back check every year. I would never go without a Visa, but Amex is accepted in a lot of places.

 

[keystroker]

One question; Does having a check card count as credit?

As of now I have a ATM check card ("mastercard") and a student visa both wells fargo. would this count as two credit cards? I'm thinking about applying for amex blue when i build up my credit. I just got my first credit card should I wait about 6 months?

 

[RossMAN]

One question; Does having a check card count as credit?

As of now I have a ATM check card ("mastercard") and a student visa both wells fargo. would this count as two credit cards? I'm thinking about applying for amex blue when i build up my credit. I just got my first credit card should I wait about 6 months?

Your debit (ATM check) card is NOT a credit card, so therefore it only counts as 1 cc not 2.

I would definitely wait at least 6 months before applying for an Amex (more like a year). Credit takes TIME to establish, but once you get there it's well worth the wait. Just make sure to USE your Visa cc don't just keep a zero balance, charge everything on it, pay it off every month, sometimes carry a balance for 1-2 months, just show some sort of activity with your cc.

and just a reminder, NEVER EVER use your debit/check card when ordering online.