The emergence of credit cards has relieved people’s cash pressure. Some people will choose to apply for multiple credit cards for the convenience of consumption, but most of them will limit it to less than 5. However, foreign media reported that a man named Walter recently held 1,497 credit cards. The overdraft limit is as high as 1.1 million pounds (approximately RMB 10.55 million), breaking the Guinness World Record.

So in China, how many credit cards can a person have at most?

At present, there is no clear regulation in China on the maximum number of credit cards that an individual can apply for.

Theoretically, you can apply for as many credit cards as there are. In fact, it is very difficult to apply for more than 20 credit cards now, because the problem of excessive credit is very serious, and some banks have been fined for this. . Many banks' credit card credit policies now require that the number of cards held by customers and the total credit amount cannot exceed a certain ratio. The specific number is determined based on each person's different qualifications. Some people can apply for many credit cards, while others can apply for 10. Can't even get a card.

In reality, I saw a single person holding 14 credit cards. These 14 cards come from 14 banks respectively. Theoretically, 14 banks are almost all the banks in China that can issue credit cards. The total credit limit has also reached millions.

At that time, more credit cards were definitely not better. Everyone knew that if there were too many credit cards, it would most likely have an adverse impact on your credit report.

Are the more credit cards the better?

As we all know, more credit cards are definitely not better. If you have too many credit cards, it is likely to have an adverse impact on your credit report.

1. The risk of overdue credit cards is prone to occur

The number of credit cards is large and difficult to manage. For example, if you apply for credit cards from 14 banks, even if each bank has a different repayment date, you will basically pay off the credit card every day. Of course this is if every picture is used. Of course you don’t have to pay back if you don’t use it. But once they are all used and the repayment dates are confused, it is easy to accidentally or forget to repay the credit card on time, resulting in an overdue credit report.

2. You may be charged a certain annual credit card fee

Although credit cards currently have annual fee reductions. But it always revolves around the number of purchases and points. In other words, the annual fee can be deducted through the number of purchases and points. However, there are too many cards, and if they are only used for daily consumption, they are completely unusable. So if your consumption and points are not up to standard, it is very likely that you will not be able to deduct the annual fee, and you will need to bear the annual fee yourself.

3. It is easy to cause credit debt

If you use credit cards without restraint, it is easy to overdraw your credit card. If the repayment ability cannot keep up, there will be a situation where the card is used to support the card, which will eventually lead to the depletion of the card, causing huge debt pressure on oneself, which will lead to larger credit debts. Of course, there is also the possibility of being unable to repay. This causes serious credit problems.

In general, in terms of the number and limit of credit cards, it is enough according to personal circumstances, and consumption must be within your ability.