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Originally Posted by Enterian
I get about three offers a week for new credit cards - it's all to easy to get a stack of them and get into serious debt.
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I used to take many of these up on their offers and move from card to card (but still keep some of the old ones). At one point I had nine valid credit cards and *could* have borrrowed about £60,000 on them.
Fortunately, not being a spend happy teenager I resisted the temptation and eventually cut them down to the four I now have. Generally I only use two of these, the ones that give me cashback instead of useless "points".