According to different groups and earning ability, if you have just entered the society and your income is low, it is recommended to apply for a card. Generally speaking, it is recommended that cardholders have no more than five credit cards. Because of this, our single card amount will be higher, the annual fee and other expenses will be lower, and the fewer single cards, the less overdue.

According to statistics, the major banks in China issued a total of 659 million credit cards, with 0.47 credit cards per capita. In other words, every two people on the street may have a credit card, or even more. Obviously, credit card consumption in advance has been deeply loved by many people. Some cardholders even have multiple credit cards, but in fact, there are many disadvantages in handling multiple credit cards.

It costs a lot of money to handle multiple credit cards. Every time we apply for a credit card, the bank will ask about your personal credit record and decide whether to handle it for you. If the credit card is used many times, the number of times the bank inquires about your credit history will increase, and your credit history will definitely be consumed. No matter whose credit you spend, the bank will think that you are not a quality customer, and it will be difficult to borrow money in the future.

Coupled with too many credit card applications, the amount that banks can grant us will gradually decrease. Because all banks know your credit card limit, the total amount given to you inside the bank is limited. The more credit cards there are, the more the quota will be shared, and the quota is not satisfactory when applying.

If there are more credit cards, our debt ratio will increase significantly. And the bank will subconsciously think that the cardholder is in debt, so the bank will take its own risks into account. If the cardholder is overdue, many credit cards will be deducted or even blocked.