Description
This article is from the Credit cards and
Consumer Credit FAQ, by adams@spss.com (Steve Adams) with
numerous contributions by others.
212. Why would I want more than one of the same kind of credit card?
Some people like having, say, two MasterCards or two Visas. I don't
see the advantages of such an arrangement. I've heard some people
say they charge a big-ticket item on one card and pay it off a
little bit every month, while charging normal purchases to the other
card and paying them off in full every month. However, credit-card
debt is about the most expensive way there is to finance a big item;
you're almost certainly better off getting a loan from your bank or
credit union.
You might want to have a MasterCard and a Visa, or a bank card and a
T&E card, to be able to charge at places that take one but not the
other. In this case, try to schedule the billing dates two weeks
apart. (Some card issuers will alter your billing date if you ask.)
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finance, debit card, credit card, secured card, guaranteed card, unsecured card, consumer credit, bad credit, credit report
