The consequences of having more than 5 credit cards, is 5 credit cards too many?

1. Although it is relatively common to hold more than 5 credit cards.

2. However, there are prerequisites for not having negative impacts. If everyone fails to do relevant work, or their own conditions are not high enough, the following consequences will occur.

3. As the number of credit cards held increases.

4. The difficulty for cardholders to manage their cards will continue to increase.

5. If you forget the repayment date of one of the cards, it will cause a stain on your credit report.

6. Moreover, for credit cards that require consumption to be exempted from the annual fee, everyone needs to divide their limited consumption limit equally among each card in the most reasonable manner to avoid unnecessary consumption to reduce the annual fee. fee.

7. Everyone’s total credit limit in the bank is limited.

8. The amount will vary depending on your qualifications.

9. Each credit card you hold will occupy part of the total credit limit. The higher the credit card limit you hold, the smaller the remaining total credit limit will be.

10. Holding more than 5 credit cards may cause your total credit limit to be too high, affecting other bank loan or credit card applications, and even credit card limit increases.

What are the consequences of having more than 5 credit cards?

What will be the consequences of having more than 5 credit cards?

Personally, I think it is not suitable to apply for too many credit cards. One person has 1-3 cards which are enough to use. Having too many credit cards will not It's a burden. If you don't use it properly, it will cause trouble for you. Let’s take a look at the consequences of having too many credit cards?

1. It is difficult to manage and prone to overdue credit cards

If there are too many credit cards, in order to be able to use each card, it is also necessary to The annual fee is waived by collecting the number of card swipes. You must swipe this card today and that card tomorrow. If the card is used too much, the repayment will be chaotic, so it is very possible to cause the repayment to be overdue;

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

The "Bank Card Business Shortcomings Control and Security Management Guidelines" issued by the Payment and Clearing Association mentioned that banks are required to strictly control the use of multiple cards per person, Excessive credit extension; that is to say, a person holding too many credit cards may make it difficult to apply for a card again in the future, or even apply for a loan;

3. Excessive credit card swiping

If there are too many credit cards, the total credit limit will also increase accordingly. If there are 5 credit cards, and the average limit of each credit card is 5,000 yuan, then the total credit limit of the 5 credit cards will be about 25,000 yuan; if the total credit limit is too much, it may be You will not exercise restraint when swiping your credit card, which will lead to you realizing that you have overswiped it when you repay it later;

How should you use so many credit cards?

1. Try to make the repayment date as much as possible Stagger them and don’t put them all together; the repayment dates are stacked together, which may easily lead to the inability to repay them all in a short period of time;

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

3. Sort out the special rights and interests of each card so that you can swipe the corresponding card at the right time, such as refueling your car. Use a car owner's card, use Taobao co-branded cards for online shopping, and use co-branded cards from airlines when traveling abroad frequently;

The 5 most worthwhile credit cards are not to be missed!

Credit cards are now widely used for people’s daily consumption. However, when many young people apply for a card, the limit of the card is often not high due to their lack of qualifications, which requires them to maintain the card properly in the future. Therefore, people are very concerned about which cards are worth maintaining. Today I will introduce to you the 5 most worthy credit cards.

1. ICBC World Struggle Card

Needless to say, ICBC has always been one of the best among banks. According to many netizens, ICBC’s cards are also quite easy to use. Moreover, ICBC's installment rates are not high, which is very beneficial for everyone to maintain a card.

This ICBC World Struggle Card has quite a lot of benefits and is very easy to apply for. It is considered to be a relatively easy card to apply for in ICBC.

It has three levels: regular card, gold card, and platinum card. It is recommended that you apply for the gold card. The gold card is easier to get. It is relatively easy to maintain this credit card and increase the limit. It will improve your star rating in ICBC. Also helpful.

2. Agricultural Bank of China’s Beautiful Mom Credit Card

Agricultural Bank of China’s credit card has always had a very good reputation among the public, and many cardholders said that Agricultural Bank of China’s credit card limit increase is the best among all banks. The fastest, it is said that there is no upper limit on the amount you can raise.

Don’t think that only women can apply for the Agricultural Bank of China’s Pretty Mom Credit Card, men can also apply. The reason why it is called this card is because this card mainly provides benefits in maternal and infant products, female products, etc. This card is worth applying for as a family. Not only will there be various discounts on shopping purchases, but also It is beneficial to maintaining the card and is very worth buying.

3. China Merchants Bank Young Card

China Merchants Bank and Industrial and Commercial Bank of China are comparable. The speed of credit card limit increase of China Merchants Bank is also at the forefront among all bank credit cards, and the limit increase is quite stable.

This China Merchants Bank Young Card has a low application threshold and a very high card withdrawal rate. If you are a newly graduated office worker, I suggest you apply for this card and keep it well because of its cash withdrawal discounts. It's quite good.

4. Guangfa DIY Credit Card

Although Guangfa Bank is not as famous as the three banks mentioned above, Guangfa Bank’s credit cards are also worth applying for. The limit increase speed is very fast and there are many Netizens said that they can increase their credit limit simply by swiping their card.

One of the great benefits of Guangfa DIY Card is that the points are very generous. You can enjoy various points discounts when applying for this credit card. It is quite enjoyable to use it to earn money. And as long as your personal credit is good, you can apply for this card. There is nothing wrong with the card.

5. Pudong Development Youth Campus Card

The risk control of Shanghai Pudong Development Bank is relatively loose, and the limit increase is also very good, and Shanghai Pudong Development Bank also has universal funds, which is very Heartwarming.

The Pudong Development Youth Campus Card is mainly aimed at young people. It is easy to apply for this credit card. The card’s rights and points are very good. It also has exclusive “Dream Gold”. This credit card It is also very easy to raise and can be used to shear wool.

The above is a summary of the top 5 credit cards worth keeping. In fact, there are many credit cards worth keeping. Credit cards from major banks are all worth keeping. According to the feedback from cardholders, industrial and commercial credit cards are worth keeping. The credit cards of the four banks, China Merchants Bank, Agricultural Bank of China and China Guangfa Bank, are very easy to maintain.

The five most worthy credit cards

The five most worthy credit cards:

1. China Merchants Bank young card

China Merchants Bank The young card is a credit card specially designed for young people. The application threshold for this card is relatively low. Some young people who have just entered society are more suitable to apply for the China Merchants Bank young card. According to feedback from card holders, the card's limit increases very quickly.

2. Pufa aebai

Pufa aebai is a platinum-level credit card of Shanghai Pudong Development Bank. Users who hold the Pufa aebai credit card can enjoy hotel discounts and airport pick-up service rights. Wait, Pufa AE Bai has a lower application threshold than other platinum-level credit cards. This card has a high purchase limit and is more suitable for users with better economic conditions to maintain the card.

3. GF Zhenshang Platinum Card

The GF Zhenshang Platinum Card is a platinum credit card launched by Guangfa Bank. This card has many preferential rights and interests in transportation. The application threshold is slightly lower than other platinum cards. This card is more suitable for people who often travel for business or tourism.

4. Ping An Bank Car Owner Card

Ping An Bank Car Owner Card is a credit card specially designed for car owners. Cardholders can enjoy refueling discounts, free roadside assistance and other rights. This credit card is more suitable for a family.

5. ICBC World Struggle Credit Card

ICBC World Struggle Credit Card has three levels: regular card, gold card and platinum card. Applicants can apply according to their own card application conditions and needs. A level card that suits you. This card not only has a lower application threshold, but also has richer benefits.

The 5 most worthy credit cards in 2022

1. ICBC World Struggle Card

Needless to say, ICBC has always been one of the best among banks. Yes, according to many netizens, the application threshold review conditions are relatively loose, it is easier to handle, and if you maintain your card well, it is easier to increase the limit. As for this ICBC World Struggle Card, it has quite a lot of benefits and is very easy to apply for. It is considered one of the ICBC cards that is relatively easy to apply for. It has three levels: regular card, gold card, and platinum card. It is recommended that you apply for the gold card. The gold card is easier to get. It is relatively easy to raise the limit of this credit card, which is also true for your star rating in ICBC. Helpful.

2. China Merchants Bank Young Card

Many people regard this China Merchants Bank Young Card as their first credit card in life. Its application conditions are very simple and it is more suitable for newly graduated college students. The limit increase speed is faster than other banks' credit cards. As long as your credit status is good, you can get the limit increase quickly. Therefore, keeping this card in good condition will be very helpful in applying for credit cards from other banks in the future.

3. Agricultural Bank of China’s Beautiful Mom Credit Card

Agricultural Bank of China’s credit card has always had a very good reputation among the public, and many cardholders said that Agricultural Bank of China’s credit card limit increase is the best among all banks. The fastest, it is said that there is no upper limit on the amount you can raise. Don’t think that only women can apply for the Agricultural Bank of China’s Pretty Mom Credit Card, men can apply too. The reason why it is called this card is because this card mainly provides benefits in maternal and infant products, female products, etc. This card is worth applying for as a family. Not only will there be various discounts on shopping purchases, but also It is beneficial to maintaining the card and is very worth buying.

4. Pudong Development Youth Campus Card

The risk control of Shanghai Pudong Development Bank is relatively loose, and the limit increase is also very good, and Shanghai Pudong Development Bank also has universal funds, which is very Heartwarming. The Pudong Development Youth Campus Card is mainly aimed at young people. It is easy to apply for this credit card. The card’s rights and points are very good. It also has an exclusive “Dream Gold”. This credit card is also very easy to use. You can also pick wool.

5. Guangfa DIY Credit Card

Although Guangfa Bank is not as famous as the banks mentioned above, the credit card of Guangfa Bank is also very worth applying for. The limit increase speed is very fast. Many netizens said that they can increase the limit by swiping the card casually. One of the great advantages of Guangfa DIY Card is that the points are very generous. You can enjoy various points discounts when applying for this credit card. It is quite enjoyable to use it to earn money. As long as your personal credit is good, there is no problem applying for this card.

That’s it for the introduction of 5 credit cards.