kcoulson
Member
- Joined
- Apr 8, 2015
- Posts
- 193
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Hi,
I'm hoping to learn from the experience of others to maximise the sign-up bonuses for credit cards. I'm trying to work out the best policy I should use for credit cards for a member of my family (whose points I will pool). When he gets a credit card, should we reduce the credit card limit routinely (the last one gave him a really high limit about 40% of his annual income)? How many credit cards can you 'keep' before it is too much? How many applications a year (or at what gaps)? I'm just trying to work out whether to reduce the limit before applying for the next credit card? Thanks!
I'm hoping to learn from the experience of others to maximise the sign-up bonuses for credit cards. I'm trying to work out the best policy I should use for credit cards for a member of my family (whose points I will pool). When he gets a credit card, should we reduce the credit card limit routinely (the last one gave him a really high limit about 40% of his annual income)? How many credit cards can you 'keep' before it is too much? How many applications a year (or at what gaps)? I'm just trying to work out whether to reduce the limit before applying for the next credit card? Thanks!
