If you have more than 5 credit cards under your name, it may cause the following consequences:

1. Pay high annual fees: If there are too many credit cards, some credit cards will be charged due to lack of credit cards. An annual fee will be charged when the number of consumption or consumption amount is reached.

2. Increased risk of overdue: The repayment date of each credit card is different. If you have more than 5 credit cards, you may get confused or misremember your repayment diary, which makes it easy to encounter overdue .

3. Increased repayment pressure: The more credit cards you have, the more debt you have. When the monthly repayment amount of a credit card exceeds your monthly income, the cardholder’s repayment pressure will be very high. .