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Old 01-25-2008, 04:31 PM
stan3243 stan3243 is offline
Junior Member
Join Date: Jan 2008
Location: CT
Posts: 5
Default Re: How many credit cards do I need?

My wife and I have one Amex that we use for the following reasons,

1) Security vs. debit card (insurance on purchases, etc)
2) Cashflow - float a small amount of money for emergency purchases but pay it off fast
3) Rewards in the form of airline miles

We pay it off regularly and try to never carry a balance beyond 30 days. The debit cards barely gets used and NEVER online.

I also have another card in my name only that really never gets used. Only when its my wife's birthday or Christmas and I want to buy presents and now have her see them on statements.
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