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Will too much plastic hurt my credit score?
Credit is hard to come by these days, and it is more important than ever to maintain a good credit score. So, will having too much plastic in your pocket hurt that solid score you have worked so hard to build? The answer will always depend upon which expert you ask; however, what you should really care about is your "credit utilization".
Run a quick analysis of how much you are spending of your available monthly credit limit from all your cards combined. This number should ideally be somewhere between 10-30% of your combined credit limit no matter how many cards you use. If so, the lenders and credit bureaus will likely smile down upon you.
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