I have about a dozen credit cards that I use at different retailers. My parents always had a card for each retailer so they could get bonuses. My fiancé had a stroke when he heard this and said that I needed to get rid of some of them because I am at strong risk of identity theft and bad credit. Thoughts?
Your fiancé is correct in that the more credit cards you have, the more likely it is that you’re going to get hit with identity theft. The chances are still low, but the more entries you have in credit card databases, the more likely it is that you’re going to eventually have your credit card number or your identity stolen.