Are more credit cards better? How many credit cards should I apply for?

When it comes to credit cards, everyone must be familiar with them. Credit cards now play a very important role in people's lives, so basically everyone will apply for a credit card. However, some people like to apply for credit cards and often apply for many credit cards. So, are more credit cards better? How many credit cards should I have? Let me answer it for you today.

Are more credit cards better?

The more credit cards, the better. If you have too many credit cards, various problems will inevitably arise.

1. Information leakage caused by easy loss

When there are too many credit cards, it is often difficult to manage them. When there are too many credit cards stored, many people may forget some of the credit cards that are not commonly used. This can easily cause the credit card to be accidentally lost, and once lost, there may be a risk of identity information leakage, which poses a great security risk.

2. It is not conducive to applying for cards in the future

Once you have a large number of credit cards, you will also be considered when reviewing them in the future, and it may not be easy. Through your card application, this will cause certain obstacles for you to apply for a card in the future.

3. It may cause overdue credit cards

If you have too many credit cards, you may turn around and forget which credit card has been used when you use it, which can easily cause you to miss it. I forgot to repay the credit card bill, which caused it to be overdue, and my credit was also affected.

How many credit cards should I apply for?

The number of credit cards you apply for is still linked to your overall qualifications, but it is best for a person to apply for 4 to 5 credit cards at most.

If you have average qualifications and are a newly graduated office worker, you can actually have just one credit card, so as not to have too many credit cards and put a financial burden on yourself.

However, if you have sufficient financial strength, in order to facilitate your daily life, it is okay to apply for 4 or 5 credit cards, which can also meet your daily consumption needs. Just remember to repay on time. .

The above is the answer to "Are more credit cards better? How many credit cards should I have?" More credit cards are not always better. Don’t blindly follow the trend when applying for a credit card. You should choose a credit card that suits you based on your own circumstances.

Are more credit cards better, or a higher limit?

There is a saying that "the essence is concentrated"! So I think the higher the credit card limit, the better, but I don’t think the more credit cards the better.

The reasons why the higher the credit card limit is, the better:

(1) A high credit card limit makes it easier for you to make large purchases. If your credit card limit is not high and you want to use your credit card to make large purchases, you will not be able to make large purchases without this limit. You can only use multiple cards to make up the spending, or stop spending, which has limitations.

(2) Another advantage of having a higher credit card limit is that you don’t have to keep so many credit cards. For example, each credit card only has a limit of 5,000 yuan. I only need one credit card to have a limit of 50 million yuan. One credit card has a limit of 10 credit cards. So the advantage is that the annual credit card fee is lower, and you can save a lot of money here.

The reasons why credit cards are not getting better and better:

(1) The more credit cards you have, the more annual fees you pay to the bank every year. Credit cards all require annual fees. Yes, 10 cards means 10 annual fees, and 1 card only pays 1 annual fee. This is the main reason why the more credit cards, the worse it is.

(2) The more credit cards you have, the harder it is to keep them. If a person has more than a dozen credit cards, if one day he loses one or two credit cards, he still owes money on them. If you forget to repay the card after deleting it, you will not be doing yourself any harm, this is the biggest drawback.

(3) The more credit cards you have, the more dizzy you will be. You have to think about it every day. This credit card needs to be repaid, so the credit card will also have to be repaid. This is what is in your mind every day. I am worried that I am living in my credit card every day, and my life is very tiring. If it's a credit card, everyone knows when to pay it back, and it's all done with one card.

Based on the above analysis, as to whether the number of credit cards is better or the credit limit is better, I definitely think that the higher the credit limit, the better, but I don’t think that the number is better.

To put it bluntly, whether it is a large quantity or a high amount, each has its own advantages and disadvantages. Anyway, the best thing is not to touch your credit card and don't develop the habit of overdrafting. This is the best way.

After reading this, give it a thumbs up. Thank you for reading and paying attention.

SB only used credit cards. When he had money to repay, he contributed interest to the bank every month. When he had no money to repay, he was charged by the bank every day and his address book was exploded, and he even faced jail time.

The more credit cards you have, the better.

First of all, there are too many cards and it is difficult to manage them. Each card has an annual fee, and their final repayment dates are different. You need to remember them all the time and pay them back in time. If you don't pay attention to it and it's overdue, you'll lose more than you gain.

When one of multiple credit cards becomes overdue, banks will think that the cardholder's repayment ability has declined because they are all connected to the Internet, and will start to carry out risk control on you to reduce risks. Several of your other credit cards may have their balances reduced. Then the total credit limit granted by the bank will also decrease.

Secondly, if there are too many cards, the possibility of them being stolen is also very high. We use different cards for consumption on different occasions, which undoubtedly increases the chance that the card information will be stolen by criminals. Once the password is leaked and we are used to setting the same password, it may eventually lead to other cards being stolen.

If you have too many cards, the limit will be reduced, because banks think that if you have so many cards, you must be short of money, so in order to avoid risks, they will appropriately reduce your credit card or loan limit.

If you hold a single large-value credit card, management will obviously be much more convenient, and there will be no such thing as forgetting to repay.

However, it is very difficult to apply for a large credit card. The cardholder must have sufficient qualifications, including your assets, job, income, etc. It is much more difficult than applying for a credit card with an ordinary limit. The requirements are much higher. Therefore, this also reflects the identity of the cardholder from the side. In addition, large-value credit cards can also enjoy a variety of benefits.

From these points of view, it is better to have a large credit card. But it also tests the consumer psychology of our cardholders.

I want to overspend when I don’t have enough insurance. I once wanted to buy a gold necklace, but ended up buying a diamond necklace because I had a credit limit...

Secondly, there is the problem of theft. The amount is too high. Once stolen, the economic losses will be immeasurable.

And if we really need to buy large items, we can also increase the temporary limit first.

So I think the limit does not need to be too high, it is enough.

When using a credit card, you need to use the card well, not multiple cards. That is to say, as long as you can use several credit cards, the limit will continue to increase, which is far better than using a dozen credit cards, because here It is related to your card management and credit issues. More importantly, the credit card limit is high, which will have many consequences in the future.

Many people have an idea that the more credit cards the better, the more the better. In fact, having more tools for borrowing money is not necessarily a good thing, because a credit card with a limit of 100,000 is better than 10 credit cards. Credit card, this is because if you have a high-limit credit card, it at least proves that your spending power and qualifications are good. If you have more cards, the limit is several thousand, and your qualifications are average.

1. The problem of multiple cards.

If you have too many cards, management is very troublesome. Each card only has a limit of a few thousand. Once you forget to repay on time after spending, causing one card to become overdue will affect your credit report. It may be that you just forgot. It’s not that you don’t want to repay the fees on a certain card, but it’s also the trouble of using multiple cards and spending too much. Having multiple cards with a low limit may not be a good thing.

In addition, if you want to increase the limit of each card, it will cause the card limit to be very slow. Not only is it inconvenient to manage, but it is difficult to get a card with a high limit for multiple cards and multiple purchases, unless every card has a high limit. All of them are platinum cards. Carrying so many cards every time may seem like a lot of cards, but in fact the limits are very low, and they have little meaning except for consumption.

2. The benefits of high-limit cards.

A high card limit shows that the bank recognizes you. At least this card can solve the problem if you need funds urgently later. Multiple cards with a small limit will definitely not solve the problem of urgent funds, and it is just for consumption. Generally, only one card per important bank is enough, which is also easy to manage. With just a few cards, there will be no problem of forgetting to repay after consumption.

More importantly, a high credit limit means high credit and qualifications. Concentrated consumption not only increases the limit quickly, but is also more convenient when needed than borrowing money everywhere.

Therefore, it’s not about having too many credit cards, it’s about the limit of the card. If you have more cards and the frequency of consumption is too frequent, the bank will think that you are short of money, and it will be troublesome to go to the bank for a loan later.

The more credit cards the better, but the higher the limit the better. If there are 20 credit cards, each credit card is only 10,000 yuan, which is far less effective than one credit card with 200,000 yuan. , this is that credit cards with large limits and low consumption are limited, while credit cards with high limits can be used for many purposes.

If you have more credit cards and it is inconvenient to manage and often use them for consumption, it will easily lead to negligence in repaying the funds later, resulting in the funds of a certain credit card not being repaid in time and the risk of overdue. , once overdue occurs, it will also affect the use of other credit cards.

And if it is overdue, it will affect your credit, and even worse, it will even lead to a credit report. In addition, the more credit cards you have, if you use each card frequently, it will make the bank think whether the cardholder is in a bad situation. The situation of extreme lack of money will not only slow down the credit limit increase, but also affect the risk of credit card risk control in the future.

The higher the credit card limit, it proves that the person has a high degree of credit, and it also proves that the person's job or income is relatively stable, which is why there are platinum cards or other cards above the ordinary cards. Many people in public offices People or business owners basically have gold cards, which have higher limits and have far more permissions than cards with lower limits.

But if you can continue to spend money on one credit card, causing the limit to continue to escalate, it will be better than using many credit cards. It will have more advantages in applying for other loans in the later period. At least it means that the cardholder has used the credit card for a long time to raise funds. The credit rating is extremely high at the same time.

The more credit cards the better, but the higher the limit, the better. A credit card with a higher limit indicates that the cardholder has a very high degree of credit. The more credit cards, the lower the limit, and long-term multi-card consumption will have the opposite effect. This will make the bank doubt the credit rating of the cardholder and may also be detrimental to later loans.

The more the limit, the better

Just like a credit card with a limit of 500,000, it is worse than 10 credit cards with a limit of 50,000. Moreover, it is inconvenient to manage multiple credit cards, and the fees you need to pay are also high. It will increase, so it is better to make good use of a credit card with a high limit.

It is recommended to use and maintain a high-limit credit card carefully. The number of credit cards in hand should be around 5, not too many.

There is no absolute good or bad, it depends on the individual situation.

Don’t have too many credit cards. Generally, two to three are enough, and the main thing is the credit limit.

There are three main reasons why some people keep applying for cards:

First, because the limit of a single card is not high, the only way to increase the overall limit is to apply for more cards. Quota.

The second reason is that the rights and interests of these cards, such as car owner cards, food cards, and shopping cards, are used differently. Or just like stamp collecting, you can apply for a new card from any bank.

The third is to use the card to support the card. Generally, it is because the card usage is unrestrained and the income cannot keep up, so it is necessary to open a few more cards for turnover. It will also confuse repayment. Repaying the wrong bank may easily cause overdue use and affect normal use in the future.

Of course, not everyone can apply for a high-limit card. The bank evaluates each person based on their comprehensive score and personal ability. The corresponding initial review amount will be paid, and then the amount will be adjusted based on personal usage.

Using a credit card mainly depends on personal self-control. If you have poor self-control, it is not recommended to use a card with too high a limit, otherwise it will be a burden in the future.

As the half-year overdue amount of credit cards has increased exponentially in recent years, banks will usher in strict enforcement of credit cards! Whether there are too many cards or a large amount, it is undoubtedly a trap! Many people have an income of several thousand and a credit card limit of hundreds of thousands or hundreds of thousands! Everyone will face that the credit limit is too high, and the result will be a reduction or card blocking! Better work hard to make money and cancel your credit cards now! Don’t think that most overdraft credit cards do their own thing and the bank doesn’t care! When it comes to your head, that's when your credit collapses

Of course, more credit cards are not better, but the higher the limit, the better. It is best to use credit cards rationally.

The financial convenience that credit cards bring to people is that they can spend money in advance, so that their funds can be used more fully.

However, credit card consumption can also easily lead to blind consumption. Excessive blind consumption can put one's own finances into trouble. This is a problem faced by many young people today.

It is difficult to manage too many credit cards. Especially when I can’t remember when to pay back each card and how much to pay back.

If some cards are overdue for a long time, it may affect your credit record and be blacklisted, which is not worth the gain.

Some people apply for multiple credit cards for recurring consumption and malicious overdrafts, which will quickly put them into financial difficulties.

Therefore, I recommend that each person have at most 2 to 3 credit cards, develop good spending habits, and gradually increase the limit of each credit card.

A higher credit card limit is better than a lower limit, but higher is not always better.

First, if a high-value credit card is stolen, the loss may be even greater.

Secondly, for consumers with weak self-control, high-value credit cards are prone to high consumption that exceeds their ability to bear. This kind of irrational consumption is often beyond the control of young people.

So I think the number and limit of credit cards are best suited to your income level and spending power. The more the number of credit cards, the better, and the higher the limit, the better.

The more credit cards the better, it is inconvenient. You also have to remember when to repay each card, it is easy to predict! Generally, there are only two types of people who apply for credit cards, one is ordinary people and the other is business people. Ordinary people just use it purely for consumption. Two tickets are enough. As a business person, you need a credit card with a high limit. Two or three of them are enough, and the total limit must be at least 1 million. I have known and contacted many bosses in the past, with quotas of several million, and some even had unlimited quotas. There is nothing wrong with a high limit, it depends on what you use it for! If you use it as an investment to start a business, you will fail! You will not be arrested and sentenced. Because you, Ma, are ordinary people who can apply for a credit card with a credit limit of several million? All banks? Do you think it doesn’t need to be reviewed? Banks are not just idiots. People who work in banks are all people with a bachelor's degree or above. Everyone knows it very well.

Is it better to swipe your credit card more often?

There are certain benefits to swiping your credit card more often, especially increasing your credit limit.

But the more you spend with your card, the better, and it does not mean you have to spend blindly. As long as your ability allows, there is a guarantee of repayment. So try to use your card to buy things, which is a good strategy to increase your credit limit. If customers increase the frequency of swiping their cards, they can easily prove that the card is used frequently.

At the same time, the amount of credit card swiped every month is close to or exceeds the limit. This is to tell bank customers that their credit card limit is indeed insufficient. In this case, it is very likely that the bank will proactively notify the customer that "the credit card limit can be increased." For quota increases actively invited by banks, the increase will generally be even higher.

Extended information:

It is beneficial to swipe your credit card more often, especially in terms of increasing your credit card limit, but do not overswipe your credit card. It is just one of the benefits granted by the bank to the cardholder. A credit limit allows cardholders to use their cards for free overdraft during the interest-free period. However, after the interest-free period, the cardholder must pay off the entire overdraft amount, otherwise charges such as credit card interest will be incurred.

In other words, the money in the credit card is lent by the bank to the cardholder for free within a certain period of time, and is not the cardholder's own funds. Therefore, cardholders need to use their cards reasonably to spend based on their income and property status, and cannot use their cards excessively. Under normal circumstances, the monthly credit card consumption amount should not exceed the salary income of the month, so as to ensure on-time repayment.