Do You Have Too Many Credit Cards? How Many Should You Have?

No single, ideal number of credit cards will be perfect for everyone

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Instead, the number of credit cards you should have is specific to your situation, preferences, goals, and financial health.

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– Cash sign-up bonuse – Points, miles, or cash back – Access to exclusive discounts, deals, and membership

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More cards can also benefit your FICO score, provided you pay your bills and keep all of your accounts in good standing.

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But remember, keeping track of it all gets more difficult the more accounts you add.

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Do You Have Too Many Credit Cards? How Many Should You Have?

No single, ideal number of credit cards will be perfect for everyone

Instead, the number of credit cards you should have is specific to your situation, preferences, goals, and financial health.

– Cash sign-up bonuse – Points, miles, or cash back – Access to exclusive discounts, deals, and membership

BENEFITS OF HAVING MULTIPLE CREDIT CARDS

More cards can also benefit your FICO score, provided you pay your bills and keep all of your accounts in good standing.

But remember, keeping track of it all gets more difficult the more accounts you add.

to read the full article

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