There are many preferential activities for credit cards of various banks. In order to get more money, many cardholders will inevitably apply for multiple credit cards. But everyone ignores that applying for too many credit cards will bring you a lot of potential troubles. Let’s talk to you about the consequences of applying for more than 5 credit cards? Generally, it is most suitable to apply for 2-3 credit cards, which can not only meet the cardholder's overdraft consumption needs, but also enjoy the preferential activities and rights of multiple banks. More importantly, it is easy to manage.

The consequences of applying for more than 5 credit cards:

1. Annual fees Bank credit cards all have annual fee standards. Regular cards, gold cards, and even platinum cards are free of charge if the consumption reaches the standard. The annual fee preferential policy is that if you hold too many credit cards, it is inevitable that the number of card purchases will not reach the annual fee exemption standard, and you will have to pay an annual fee, which is not worth it!

2. Risk of overdue repayment. Different credit cards have different repayment dates. If you have more than 5 credit cards, there may be 5 different repayment dates. Can you ensure that you remember to repay on time? ? If the bill is not paid off immediately on the repayment date, the cardholder will not only face overdue interest, but it will seriously affect personal credit.

3. Repayment Pressure Credit cards have an overdraft function. Spending with a card is more convenient and faster than using cash, and it is difficult for cardholders to control their consumption, especially when encountering bank credit card promotions. Sometimes, some unnecessary expenditures will inevitably occur. Credit card overdrafts must be repaid. If you have more than 5 credit cards, the bills will add up to a large amount, and the repayment pressure will increase sharply. Ranking of the easiest credit card introductions in 2018. A must-have for beginners. If you apply for more than 5 credit cards, you may face consequences such as annual fees, overdue payments due to forgetting to repay, and repayment pressure. In order to maintain your good credit score, try not to apply for more than 3 credit cards. 5 is already the limit. In addition, if you hold too many credit cards and want to apply for another card, your success rate will drop a lot.