How many credit card you should have? | Understand!

Credit card is one of the main means of payment in the world today, offering convenience and security for in-person and online purchases. 

However, the question that many consumers ask is: how many credit cards should I have?

The answer to this question can vary according to each person and their financial situation. Below, we will present some factors that should be considered before deciding how many credit cards to have.

Financial control

The first factor to be considered is financial control. It is important to have good control of your finances to avoid unnecessary spending and debt.

If you have difficulty controlling your spending, it may be more difficult to manage multiple credit cards.

In this case, the ideal is to have only one credit card and use it consciously, avoiding spending more than you can pay. 

It is important to remember that the use of a credit card should not be an excuse to spend more than you earn.

Credit needs

Another factor to be considered is the need for credit. If you need credit to make purchases or for emergencies, having a credit card may be a good option.

However, having multiple credit cards can increase the available limit and make access to credit easier. 

It is important to evaluate whether it is really necessary to have more than one credit card and whether you can manage spending on all of them.

Offered benefits

Many credit cards offer benefits, such as points programs, cashback, and discounts at partner establishments. 

If you frequently use these benefits, it may be interesting to have more than one credit card to take advantage of the offered advantages.

However, it is important to evaluate whether the benefits offered are really worth it and whether they justify the annual cost of the credit card.

Annual fee and fees

An important factor when deciding how many credit cards to have is the fees charged by the cards, such as the annual fee and other fees.

If you plan to have more than one credit card, it is important to evaluate the fees charged by each of them and compare them with the benefits offered. In some cases, it may be more advantageous to have a card with a higher annual fee but that offers more benefits.

Credit history

Credit history can also influence the decision of how many credit cards to have. If you have a good credit history, with payments on time and no outstanding debts, you may have an easier time obtaining more credit cards with higher limits.

However, if you have a bad credit history, with payment delays and outstanding debts, it may be more difficult to obtain credit and it may be riskier to have multiple credit cards.

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Common questions

How many credit cards should you have? 

The number of credit cards a person should have varies according to their financial management ability. Having one or two credit cards may be enough as long as the person uses them responsibly and pays their bills on time.

How many credit cards are too many? 

There is no specific number of credit cards that is considered "too many." However, it is important to remember that each credit card represents a line of credit and having too many lines of credit can negatively affect your credit score.

How many credit cards can I have? 

There is no fixed limit on the number of credit cards a person can have. However, it is important to remember that each credit card represents a line of credit and having too many lines of credit can negatively affect your credit score.

How many credit cards should I have for good credit in the United States? 

There is no specific number of credit cards that a person should have to have good credit in the United States. The important thing is to use the cards responsibly, paying bills on time and maintaining low credit utilization.

How many debit cards should I have?

The number of debit cards a person should have depends on their financial needs. Generally, one or two debit cards are sufficient.

How many credit accounts should I have?

The number of credit accounts a person should have varies according to their financial management ability. Having one or two credit accounts may be enough as long as the person uses them responsibly and pays their bills on time.

How many credit lines should I have?

The number of credit lines a person should have varies according to their financial management ability. Having one or two credit lines may be enough as long as the person uses them responsibly and pays their bills on time.

How many credit cards should I have to build credit? 

There is no specific number of credit cards that a person should have to build credit. The important thing is to use the cards responsibly, paying bills on time and maintaining low credit utilization.

How many credit cards should a person have? 

The number of credit cards a person should have varies according to their financial management ability. Having one or two credit cards may be enough as long as the person uses them responsibly and pays their bills on time.

How many credit cards can you have? 

There is no fixed limit on the number of credit cards a person can have. However, it is important to remember that each credit card represents a line of credit and having too many lines of credit can negatively affect your credit score.

How many credit cards should a person have? 

The number of credit cards a person should have varies according to their financial management ability. Having one or two credit cards may be enough as long as the person uses them responsibly and pays their bills on time.

Conclusion

In summary, there is no single answer to the question "how many credit cards should I have?". The decision should be based on several factors, such as financial control, credit needs, benefits offered by cards, fees charged, and credit history.

If you have good financial control and can manage spending on multiple credit cards, it may be advantageous to have more than one card to take advantage of benefits and increase the available credit limit.

However, if you have difficulty controlling your spending, it is better to have only one card and use it consciously.

In addition, it is important to remember that the use of a credit card should not be an excuse to spend more than you earn. It is necessary to have good financial planning and use credit responsibly.

Finally, before applying for a new credit card, it is important to research the options available on the market, compare fees and benefits offered, and evaluate whether it is really necessary to have more than one card. 

With adequate financial planning, it is possible to use credit cards intelligently and avoid financial problems in the future.