Outset, a personal finance blog powered by Medium.com, recently featured Georgia’s Own Credit Union Principle Experience Officer Adam Marlowe as one of several experts in an article posing the question: “How many credit cards should I have?”
Marlowe was quoted along with Crediful CEO Chane Steiner as well as Former Financial Advisor and author Krista Goodrich. Below is how Marlowe answered the personal finance question:
A good rule of thumb is to open up to 3, even if you don’t plan on using them. Having open lines for long periods of time looks good for potential lenders. Just make certain to conduct one transaction annually on each card to avoid them being automatically closed for inactivity.
For more information, read the full Outset article here.
Also featured in: Outset
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