No. of Recommendations: 0
We have three major credit cards:

Discover for the cash back.
A Visa (just got a cash back one. That'll be nice)
An Amex so my husband can charge things I won't know about and forget to pay the bill right away.

Fee free except the amex. (I'm trying to get him to convert to the new amex cash back charge card. We'll see.)

I also have the occassional store charge (Sears, Bradlees, Disney) that I get for the opening perks and then cancel. Since some of these are still on our credit report I will probably stop doing this.


PS - as an aside on credit reports, the debt report on our mortgage included a car loan (we've never had one) and outstanding balances on a Sears card (we've never carried a balance on any card). Luckily, whoever bills these were is paying them on time. But they weren't on our credit reports from the reporting agencies, so where did they come from?

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.