How many credit cards should you have?

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How many credit cards should you have?

Rounding it up

  • There’s no one number of credit cards that’s best for everyone.

  • There are benefits to having multiple credit cards, including the possibility of a lower credit utilization ratio, which can boost your credit score.

  • Having too many credit cards can also lead you to spend beyond your means, increasing your risk of going into debt.

  • The ideal number of credit cards for you is the number of cards you can manage responsibly and pay off in full each month.

7 min read

Gaby Pilson
#credit#credit card#credit score

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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