There are many credit card holders who have a large number of credit cards, many of which are credit cards from the same bank. Some people think such card holders are cool, while others think such card holders are unreasonable. Is it good to apply for multiple credit cards?

Disadvantages of applying for multiple credit cards

1. Cards are difficult to manage

Different banks have different billing date settings for their credit cards. The more you have, the more bill dates and repayment dates you need to remember, which is really not conducive to management. If you record the wrong repayment date on a certain credit card or forget to repay it, the penalty and interest will be small, but if it is overdue, it will be a big trouble.

2. The credit limit is useless

The credit card face of a certain bank is beautiful, so you may apply for multiple credit cards from the same bank just for the card face. A credit card. As everyone knows, no matter how many credit cards you apply for from the same bank, the limit is almost always exclusive. This will have a certain impact on your credit card limit increase and future applications for credit cards from other banks.

3. The credit limit is not high

If you apply for credit cards from multiple banks within the same period of time, the bank will not only check your personal credit report, but also based on your existing credit Amount is approved. Usually, the credit limit of the approved card is not too high, and it is possible for it to be rejected ruthlessly by the bank.

4. It affects your application for high-level cards

Most people start with ordinary cards. If the cards are well maintained, it will be natural to get the gold card (platinum card). It’s also out of the question. But if you have several ordinary cards piled together and the limits are generally low, this will have a certain impact on your application for a gold card (platinum card).

It is very inconvenient to get up. If you forget to repay a credit card, it will become overdue. Of course, just like China Merchants Bank, Minsheng Bank, etc., you can use one account with multiple cards and pay them back uniformly, which is easier to manage.