1, which is not conducive to management.
Too much credit card management is very troublesome. Whether it's credit card or repayment, it's easy to get confused when the number of cards exceeds 10. For example, I originally planned to swipe my card in the future, but I got the wrong accounting date. I swiped my card but didn't, and I swiped it several times. Either the repayment date is wrong or the credit card is wrong.
2, affect personal credit
This is actually a continuation of the first point, that is, the repayment date of the credit card is confused, and the credit card that should be returned has not been returned. This situation is very easy to overdue. The consequences of overdue will not only charge a high penalty interest, but also affect the cardholder's credit history. Even if the debt is paid off, this bad credit record will be eliminated after five years.
3. The loan or credit card application was rejected.
If the bank sets a maximum credit line for everyone, then the credit line of each credit card will occupy the total credit line. If the remaining credit limit is not enough, the bank will refuse to apply for a loan or credit card on the grounds that the credit limit of the credit card is too high.
4, easy to be stolen
If the number of credit cards exceeds 10, there will be certain security risks, especially if the cards are accidentally lost and picked up by criminals, which may steal information and make fake cards. Even if the cardholder reports the loss in time, the bank will lose the card protection, but it may not be able to fully compensate the cardholder for the loss.