How many Credits Cards are too many?
The question of how many credit cards are too many is one that many individuals and families battle on a consistent basis. As you can imagine, the way that you answer this question will greatly affect your finances as well as the way that you live. After all, some families live off of credit cards whereas others will not touch them with a 10 foot pole. Which group do you fit into?
Generally speaking, there is nothing wrong with having one credit card. You never know when you will want or need to make a big purchase, or run into an emergency in which a credit card is necessary. That being said, if you are not responsible enough to handle a credit card you may want to think twice about getting one. Even if you know that it is for emergencies only, the temptation is often times too much to resist.
Is it okay to have a fist full of credit cards? This all depends on what you are using them for, and how responsible you are with your money. If you have a great credit score and know that you will pay the money back as soon as possible, you should be able to comfortably carry more than one card. But as noted above, if you are not responsible with your money and you are always getting yourself into financial trouble, you will be best off with one or no credit cards.
Remember, when you receive a credit card offer in the mail it does not mean that you have to move forward with the application. If you have enough credit cards or feel that another is a bad idea, stay away from adding a new one to your wallet.
