1. Credit cards basically have an annual fee, although they all have an annual fee exemption policy. For example, CCB can waive it as long as it swipes it three times a year; But if you don't swipe your card the number of times specified by the bank in a year, you need to charge an annual fee.

2. If there are too many credit cards, the total credit line will increase accordingly, or even the line is too high and does not match the repayment ability of the cardholder. Some cardholders have poor self-control, like to overspend and overdraw their credit cards, resulting in extremely high bills and inability to repay.

3. The China Payment and Clearing Association issued the Guidelines on Risk Control and Safety Management of Bank Card Business, requiring banks to strictly control the situation of one person with multiple cards and excessive credit granting, and cardholders' applications for credit card overdrafts far higher than their personal income level will be blocked. Therefore, there are too many credit cards and the total credit line is too high, so it is difficult to apply for a credit card again, and even handling loans will be affected.

4. There are too many credit cards, which are inconvenient for daily management and easy to be lost if you don't pay attention. Cardholders have to spend a lot of money to report the loss and reissue the card. Credit cards are lost, and the corresponding risk of being stolen is also higher.

5. If you swipe multiple credit cards, the repayment itself is very troublesome, and it is easy to be overdue due to failure to repay in time. Once overdue, it will produce overdue interest, late fees and other expenses, and even affect personal credit records.

Extended information:

Consequences of overdue credit card:

1. Liquidated damages, generally 5% of the minimum repayment amount.

2, high interest, and it is a rolling interest, and interest is very scary when there are many debts.

3. The overdue period will stain the credit record, which will lead to the inability to handle financial needs such as house purchase and loan in the next two years.

4. If it is overdue for more than 3 months and the amount exceeds 1,, the bank has failed to make several reminders, and it will not only pay back the money, but also bear criminal responsibility.

Baidu Encyclopedia: Credit Card