Credit Cards: The More, The Merrier?
You know your spending limits and your financial boundaries. You understand whether you are a responsible credit cardholder, so the decision to get more credit cards can only be yours to decide. But there are some definite reasons why you should consider getting several. Yes, too many cards could possibly ding your credit, but a demonstrated history of responsible card management will help balance that out in your creditors’ eyes.
More credit cards can help you be prepared in case of financial emergency and rewards cards can help you earn flights, gifts, cash-back and a host of other perks. Of course, cash can do all that, too.
One of the biggest reasons a person would take out an additional credit card is specifically for business purposes. This eases the task of tracking business spending and can provide more tax-deductible options as well.
It is also a good idea for consumers to keep credit cards from several different companies (Visa, MasterCard, American Express, etc.) Especially if a person travels a lot, this can guarantee their ability to use credit cards to pay just about anywhere.
So when it comes to applying for more credit cards, you may shudder at the thought. But be savvy, be responsible, and shudder no more.
March 19th, 2008 at 6:42 pm
[…] Credit Cards: The More, The Merrier? Credit Cards: The More, The Merrier? By Hayli Morrison | March 19th, 2008 You know your spending limits and your financial boundaries. You understand whether you are a responsible credit cardholder, so the decision to get more credit cards can only be yours to decide. But there are some definite reasons why you should consider getting several. Yes, too many cards could possibly ding your credit, but a demonstrated history of responsible card management will help balance that out in your credit […]
March 19th, 2008 at 10:37 pm
[…] Cards: The More, The Merrier? Posted in March 19th, 2008 by in Uncategorized Credit Cards: The More, The Merrier? Credit Cards: The More, The Merrier? By Hayli Morrison | March 19th, 2008 You know your spending […]