1. Excessive overdraft will affect future applications for credit cards and loans

China Payments and Clearing Association issued the "Bank Card Business Risk Control and Security Management Guidelines", requiring banks to strictly control the use of multiple cards per person, In the case of excessive credit extension, cardholders will be blocked from applying for credit card overdrafts that are much higher than their personal income levels. Therefore, if there are too many credit cards and the total credit limit is too high, it will be difficult to apply for a credit card, and even applying for a loan will be affected to a certain extent.

2. There may be a risk of cashing out if you use too many credit cards

If you have too many credit cards, the total credit limit will increase accordingly, and the limit may even be too high and do not match the cardholder's repayment ability. phenomenon. Some cardholders do not have strong self-control and like to overspend and overdraw their credit cards in large amounts, resulting in extremely high bills and inability to repay.

There are also a few cardholders who apply for multiple credit cards just to cash out, and several credit cards are swiped backwards to each other. First of all, cashing out with a credit card is illegal and carries high legal risks; secondly, cashing out is not a cost-free transaction and you need to bear handling fees.

3. There are too many credit cards, which are difficult to manage and require high annual fees.

The annual credit card fee is a basic charge item of a credit card, ranging from dozens of yuan to hundreds or thousands of yuan. General gold cards and ordinary cards can be used without annual fees. If you hold too many credit cards, once one or several of them are not used a certain number of times or a certain amount within the specified period, annual fees will be incurred. If the cardholder fails to repay the debt in time due to the annual fee, overdue interest, late payment fees and other fees will be incurred, and even affect the personal credit record. In addition, if you use multiple credit cards, repayment itself is very troublesome, and it is easy to become overdue due to failure to repay in time.

4. The risk of fraud is high

If you have too many credit cards, daily management is inconvenient and they can be easily lost if you are not careful. Many people also like to keep all their credit cards in their wallets. Once the wallet is lost, it will be even more troublesome. Cardholders will have to spend a lot of money to report the loss and replace the cards in order to get the cards back. If your credit card is lost, the risk of it being stolen is also higher.