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Number of credit cards

Q. How many credit cards should I have?

It's better to have two cards with $5,000 credit limits than 10 cards with $1,000 credit limits.

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Your credit rating is influenced by the credit lines available to you and your history in making timely payments on outstanding balances. Choose the two cards with the best terms. Cancel the rest.

 

 
-- Posted: Aug. 14, 2002
   

 

 
 

 

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