What's the effect of too many credit cards under one person's name?
1 Applying for multiple credit cards at the same time may affect the credit information. Intensive application for credit cards in a short period of time will leave a lot of inquiry records on the credit report. When the bank's risk control personnel know that they have applied for a large number of credit cards, the first impression is that this person is short of money recently. Once the bank determines that the applicant is a customer who lacks funds, it will definitely not issue a credit card to the applicant.
Holding multiple credit cards may affect the mortgage. When applying for a loan, the bank will inquire about the applicant's credit information. The credit information investigation is divided into loan application, credit card application, guarantee qualification examination and so on.
3 cards are difficult to manage and easy to be overdue. There are too many cards to manage. Credit cards generally have an annual fee, and you need to swipe your card a certain number of times or a certain amount to avoid the annual fee. If you don't brush enough times or amount, you will bear the loss of annual fee.
4 The possibility of stealing brushes increases. _ Holding multiple credit cards is not only bad for management, but also greatly increases the possibility of being stolen. If you are not careful, you will not only get additional benefits, but also lose more.
Generally speaking, the above are all about the influence of too many credit cards under one person's name. The four major influences are as follows, and I hope to help you. In order to get enough liquidity, many people apply for multiple credit cards. However, whether individuals need to have multiple credit cards depends on their actual situation.