What are the consequences of more than five credit cards?

Personally, I don't think it is suitable to apply for too many credit cards. One person has 1-3 cards, which is enough to use. Too many credit cards will be a burden. If you don't use them well at ordinary times, it will add trouble to yourself. Let's take a look at more credit cards. What are the consequences?

1. It's not easy to manage, and it's easy to be overdue

There are many credit cards. In order to use each card and avoid the annual fee for the number of swipes, it must be swiped today and swiped tomorrow. If the cards are used too much, the repayment will be chaotic, so it is very likely that the repayment will be overdue.

2. Personal debt is too high, which will affect future card applications and loans.

It is mentioned in the Guidelines for the Control of Shortcomings and Safety Management of Bank Card Business issued by the Payment and Clearing Association that banks are required to strictly control the situation of one person with multiple cards and excessive credit granting; That is to say, if a person holds too many credit cards, it may affect the re-application of cards in the future, and even it is difficult to apply for loans;

3. Excessive credit card swiping

There are too many credit cards, and the total credit line will increase accordingly. If there are five credit cards, the average credit line is 5, yuan, then the total credit line of five credit cards is about 25, yuan; The total credit line is too much, and it may not be restrained when swiping the card, which leads to the later repayment, only to find that the brush is overdone;

How should I use so many credit cards?

1. Try to stagger the repayment dates, and don't put them all together; The repayment dates are piled up together, which easily leads to the inability to repay all in a short period of time;

2. Set up a memorandum, and make a memorandum for credit cards with and without annual fee preferential policies, and give priority to credit cards with free preferential policies;

3. Sort out the unique rights and interests of each card, so as to brush the corresponding card at the right time. For example, you can use the owner's card for car refueling, the Taobao co-branded card for online shopping, and the airline co-branded card for frequent trips abroad;