Is it OK to have 15 credit cards?
Is it OK to have 15 credit cards? There is no right number of credit cards to own and it depends on how many you are comfortable managing. Having a few credit cards will help you reduce your utilization rate and also give lenders more credit input on you, so they can better gauge your creditworthiness.
Is it OK to have 20 credit cards?
So, while there is no absolute number that is considered too many, it's best to only apply for and carry the cards that you need and can justify using based on your credit score, ability to pay balances, and rewards aspirations.