Survey Results: How Many Credit Cards Do You Have?
by
Scott Bilker |
|
 This survey originally ran in
the 11/7/01 DebtSmart E-mail Newsletter.
How many credit cards do you have? Include
gas cards, department store cards, and major credit cards.
 |
59% of respondents said 1-3 |
|
16%
of respondents said 4-6 |
|
16% of respondents said 7-10 |
|
6% of respondents said 16-25 |
How many credit cards are too many?
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4% of respondents said more than 0 |
|
22% of respondents said more than 1 |
|
59%
of respondents
said more than 5 |
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7% of respondents said more than 10 |
|
4% of respondents said more than 20 |
If you add up all your available credit
how much can you charge?
|
44% of respondents said $0-$10,000 |
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33% of respondents said $10,001-$20,000 |
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7% of respondents said $20,001-$50,000 |
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11% of respondents said $50,001-$150,000 |
What do you Think?
Take the
Survey
Reader Comments
"Most of the websites who are
allegedly there to help us with being debt-smart are ACTUALLY just
trying to sell you something (such as yet ANOTHER credit card!). I
have learned so much here at DebtSmart. You guys are the best!"
--Pam
"I enjoy receiving your newsletter. It is always packed with "useable,
real life" information!"
--Michelle
"Great Newsletter! The info is always timely and relevant to my credit situation, and I look forward to each issue. As to number of credit cards, in my count I've learned we have a total of 10, but most have not even been activated. Lately I've been an "intro-hopper", taking advantage of much-lower APRs, to get rid of CC
debt (in 9/98 owed 29k, now owe 6.1k, so it won't be much longer). Snowballing, lowering APRs, transferring as credit score improves, all are working, and your advice always helps. Thanks!"
--Anonymous
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