Description

This article is from the Credit cards and Consumer Credit FAQ, by adams@spss.com (Steve Adams) with numerous contributions by others.

211. Shouldn't I get as many credit cards as I can?

Not necessarily. The more cards you have, the fatter your wallet is
and the more cards you have to keep track of.

See section 7, "Credit bureaus and your credit rating," in part 3 of
this list, for other reasons why having a lot of cards can be a
problem.

 

Continue to:

• prev: 210. How do I evaluate a secured card?
• Index
• next: 212. Why would I want more than one of the same kind of credit card?

Share and Enjoy

Tags

finance, debit card, credit card, secured card, guaranteed card, unsecured card, consumer credit, bad credit, credit report