Speaking of credit cards, I think everyone is familiar with them. Credit cards now play a very important role in people's lives, so basically everyone will apply for credit cards. But some people like to apply for credit cards very much, and often go to apply for many credit cards. So, the more credit cards the better? How many credit cards should I get? I will answer your question today.
The more credit cards, the better?
The more credit cards, the better. With more credit cards, it is inevitable that there will be various problems.
First, it is easy to lose, resulting in information leakage.
There are many credit cards, which are often difficult to manage. There are too many credit cards, and many people may forget some credit cards that are not commonly used, which may easily lead to the accidental loss of credit cards. Once lost, there may be the danger of identity information disclosure and great security risks.
Second, it is not conducive to handling cards in the future.
Once you have a large number of credit cards, it will be considered in the future, and it may not be easy to get a card, so it will hinder you from getting a card in the future.
Third, it may cause overdue.
You have too many credit cards, so you may forget which one you use when you turn your head. This will easily lead you to miss the credit card bill, so that you forget to return the credit card, which will lead to overdue and credit will be affected.
How many credit cards should I get?
The number of credit cards handled is still linked to one's comprehensive qualifications, but it is best for one person to handle up to 4 to 5 credit cards.
Like your education, if you are a newly graduated office worker, you can actually have a credit card to avoid too many credit cards causing you financial burden.
However, if you have enough financial strength, it is ok to apply for 4 or 5 credit cards to facilitate your daily life, and it can also meet your daily consumption needs. Just remember to pay back on time.
The above is aimed at "the more credit cards, the better?" How many credit cards do you have? "The answer. The more credit cards, the better. Don't blindly follow suit when handling credit cards. You should choose the right credit card according to your own situation.
How about more credit cards?
Credit cards are neither good nor bad. With more cards, cardholders can easily spend blindly. Credit cards will have an annual fee, and often the annual fee cannot be reduced if the number of swipes does not meet the bank regulations. Due to the use of multiple credit cards, cardholders may also leave bad records if they use the cards carelessly. Thereby affecting future loans.
Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards. Compared with ordinary bank savings cards, the most convenient way to use credit cards is for ordinary consumption, and there is no cash in the cards. In many cases, it is enough to return the consumption amount on time.
You can spend without deposit overdraft, and enjoy an interest-free period of 20-56 days to repay on time without any charge (most banks will charge 0.5% interest on the day of cash withdrawal, and there will be a 2% handling fee, but ICBC will only charge interest). It is not only safe and convenient to swipe your card when shopping, but also a bonus gift. Special merchants who hold cards in banks can enjoy preferential treatment. Accumulate personal credit, add credit records to credit files, and benefit for life. Access to the whole country is barrier-free, and you can withdraw money or spend money by credit card on ATM and POS machines with UnionPay logo; (Note: Credit cards are only suitable for credit card consumption, and it is best not to withdraw cash, which is very expensive and uneconomical); Credit card spending, some credit cards get existing points, and various discounts and lottery activities throughout the year, so that you can always have surprises as long as you use the card; (Most credit card online payment has no points, but online payment is very convenient and fast); Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (Now advocating environmental protection, you can cancel the paper statement and change it into an electronic statement); Unique supplementary card function, suitable for husband and wife to jointly manage money or master children's financial expenses. The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.
More credit cards, okay?
Too many credit cards is not good. With more credit cards, it is inevitable that various problems will arise.
1. When there are many credit cards, it is often difficult to manage. Many people may forget some credit cards that are not commonly used, which will easily lead to the accidental loss of credit cards, and once lost, there may be the danger of identity information disclosure and great security risks.
2. Once you have a large number of credit cards, it will be considered in the future, and your card application may not be easily passed, so it will hinder your future card application.
3. If you have too many credit cards, you may forget which credit card you used as soon as you turn your head, which will easily lead you to miss the credit card bill and even forget to return the credit card, which will lead to overdue and credit impact.
Will more credit cards affect credit reporting?
There are multiple credit cards in the name of an individual, but repayment on time in each period will not affect personal credit information.
Only when the credit cards are overdue, the overdue records will be displayed in the personal credit report, and the probability of multiple credit cards being overdue will greatly increase, which will seriously affect personal credit reporting.
In addition, too many credit cards will increase personal debt, which is not good for applying for loans from other banks.
How to manage too many credit cards?
1. Manage the repayment time of credit cards.
There are too many credit cards, and the most difficult thing to manage is repayment. People often forget to return some credit cards because there are too many credit cards, which leads to overdue.
If you have more than one credit card, most of them can adjust the repayment date. It will be more convenient to adjust the repayment time of all credit cards to a suitable time period.
Under normal circumstances, it is not easy to return another credit card just after returning this credit card.
2. Set repayment reminder.
In addition to adjusting the repayment time of each credit card, you can also set repayment reminders, just in case, to avoid forgetting yourself. It is best to set it at 1 2 days before the repayment date.
3. Cancel the extra credit card.
Many people get their cards at the event, but they leave them after the event. In this case, it is best to cancel some unnecessary and uncommon cards and reduce the annual fee.
How about holding more than one credit card? What are the consequences?
The overdraft consumption function of credit cards has made many card friends experience a carefree and unparalleled feeling, so they fully tapped their own advantages and applied for more than a dozen credit cards without considering the consequences of doing so.
Some people may say that grapes are sour because they can't eat them, and they are jealous because they can't take so many credit cards. They disagree with this statement.
For me, too many credit cards are not a good thing, and an carelessness can easily bring these consequences:
First, it is difficult to manage and easy to be charged.
Credit cards have a fixed fee, that is, an annual fee. Although ordinary gold cards and ordinary cards can reduce the annual fee, they hold more credit cards. If it can't be managed, some cardholders won't know which credit card has been swiped enough and which credit card has not been swiped enough, and it is easy for the bank to deduct the annual fee.
Second, excessive credit card or cash risk.
If there are too many credit cards, the overdraft limit will increase accordingly, but this is not a good thing for those card friends who have weak self-control ability.
Some card friends have poor repayment ability, but some like to spend too much. In the end, a large number of credit cards are overdrawn, which makes it impossible to repay, or cash out with credit cards, which leads to card closure and so on.
Third, excessive debt affects personal credit.
Card friends are unable to repay after excessive consumption of credit cards, resulting in bad credit when overdue. The more overdue times, the more serious the impact on card friends.
If you want to handle bank-related business such as credit card or loan application in the future, it is easy to be rejected by the bank.
Iv. brushes that are easily lost or stolen
There are too many credit cards, which are inconvenient for daily management and easy to be lost if you are not careful. Many people also like to keep all their credit cards in their wallets. Once their wallets are lost, it will be even more troublesome. Cardholders have to spend a lot of money to report the loss and reissue their cards. Credit cards are lost, and the corresponding risk of theft is higher.
It is generally recommended to apply for three credit cards, not as many as possible. The suggested combination is: Bank A is 2, and Bank B is 1 .. Its function: firstly, choose one of the credit cards of Bank A as daily consumption, which is convenient for point management and gift exchange; The second is to use the credit card lines of Bank A and Bank B to deal with sudden large expenditures.
If it is convenient to repay, you can apply for the salary card or credit card of the bank where your existing debit card is located, and open the automatic related repayment function, thus saving the trouble of forgetting to repay.
This is the end of the introduction about whether there are more credit cards and what are the bad effects of applying for more credit cards. I wonder if you have found the information you need?