Most credit card companies don’t have a hard limit on how many cards you can have open at any given time. That’s why I have 15 active Chase cards 😀
AMEX didn’t used to have a limit, but in recent years they have waffled between allowing 4 or 5 credit cards per person. That limit excludes their Gold and Platinum cards and older Green cards, of which there is no hard limit of how many you can have. That limit also only applies when applying for a new card and there have been exceptions made the policy.
During COVID-19 banks started getting tougher about card approvals and the limit went down from 5 to 4 cards, meaning that if you had 5 active AMEX credit cards and wanted to apply for a new card, you would have to close 2 cards to get a new one approved.
But things are loosening up and several readers have confirmed that the limit is now back to 5!
Will you apply for any new AMEX cards?