How Many Credit Cards Should I have?

A credit card is a 3.37 X 2.125 plastic or a metal card, or a virtual card stored in a digital wallet that provides a credit line

[{"selector":"#anim-cd45c68c-fd88-4f8f-b0b8-df7482244196 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.868525640762189%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c4c07d29-a3b9-46e8-af4c-5272221345a4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-103d5a5b-72cb-4d4b-aced-ce026acc0a54","keyframes":{"transform":["translate3d(0px, -283.13494%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

A credit card works like a personal loan with a due date at the end of every month.

[{"selector":"#anim-1bb181f1-da90-40d3-8a45-958a3532175f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cc7ae6d-d5e1-4c1c-9f0d-b8facc340ebd","keyframes":{"transform":["rotate(20deg) translate3d(0px, 76.15226%, 0) rotate(-20deg)","rotate(20deg) translate3d(0px, 0px, 0) rotate(-20deg)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e7e96f0-e44e-4c05-a8d2-38a4d47b1f1b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6c4ddbec-06ef-4d7b-958c-e28c0f19946d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-39ae1663-f0c5-4e14-a18a-e4a6e487ad8b","keyframes":{"transform":["translate3d(-117.97385%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fa41c939-1f7e-4c7a-8931-6615b6d912e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c916832b-35ae-4997-af9b-d178b88ddafa","keyframes":{"transform":["translate3d(-117.32027%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e80ac84c-c1aa-4ec4-821c-de15594e6f1f","keyframes":{"opacity":[0,1]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d103746-db50-4d82-94e2-37c954d37699","keyframes":{"transform":["translate3d(99.51691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

How Many Credit Cards Should I have?

[{"selector":"#anim-7615db9d-78a4-4860-b5c7-628401f1c30e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1c75126d-dd26-45c9-b85b-22ee2ea69b17","keyframes":{"opacity":[0,1]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-597e0737-48a1-4564-a05e-7e53d914df9d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Based on Experian data in 2020, Americans, on average, hold four credit card accounts.

According to the Federal Reserve, 83% of Americans carry a credit card, and 50% pay off the card balance monthly. Try card less, if you're

[{"selector":"#anim-49b5a198-4af5-4556-921b-46b379010108 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0, -1.8799142320595965%, 0) translate(-1.10360743378039%, 2.3809523809523836%) scale(0.9523809523809523)","translate3d(0, 0%, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-7eaa8703-19cc-4a1f-b745-8885f64d3cc6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7cfba907-5a09-4a3a-a502-7abb6dbcd0ec","keyframes":{"transform":["rotate(20deg) translate3d(0px, 76.15226%, 0) rotate(-20deg)","rotate(20deg) translate3d(0px, 0px, 0) rotate(-20deg)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e071ee9-d85f-405c-b934-924cedab9b35","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a8c74719-eb68-4ccc-a3f0-14314cdaf6f3","keyframes":{"transform":["translate3d(-117.32027%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dde81233-0ad0-499c-9108-dd755e319016","keyframes":{"opacity":[0,1]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d836d8e-69ba-48bb-9bde-3fef60055307","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-95a0c1a7-e989-45f7-8be8-3da6d4eccf59","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Average Spender/ Earner

[{"selector":"#anim-b8320a1c-74b0-4ebe-9cfa-ce3c92e3a33a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0326eb4d-4a38-4dd0-b140-ab2496c0b0fc","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3645e430-190c-4f1d-aba2-96715a3eb968","keyframes":{"transform":["translate3d(-117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b20f868-d507-47cb-ba8e-6e2dea15a37c","keyframes":{"opacity":[0,1]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Cash back and no-annual fee cards are of a high value. One primary and another backup card is enough for an

You can use 2X cash or point back. It's worth getting credit cards with annual fee because it pays for itself if you're a

[{"selector":"#anim-65a3a361-d733-4221-8299-385f87b67856 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(17.244156728690296%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a7101409-c170-489f-a3e1-f8158b821068","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3244b8c0-a177-49f0-b0d0-2f4de6b82ead","keyframes":{"transform":["rotate(20deg) translate3d(0px, 76.15226%, 0) rotate(-20deg)","rotate(20deg) translate3d(0px, 0px, 0) rotate(-20deg)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-efa6fd3c-ffe6-4900-917f-a1a668f1210b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dbe1c82c-7a88-4be1-8389-d9d845c44f6c","keyframes":{"transform":["translate3d(-117.32027%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11ca35bb-4055-4e47-b0d7-f7d214e6352b","keyframes":{"opacity":[0,1]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53457f48-ef27-4c8a-97f2-d8b1f7e3a6ee","keyframes":{"transform":["translate3d(67.28281%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d01d89d6-913f-45e4-a00e-28ccab9530e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-37f08bc9-de91-4139-ae30-f5eb58075c60","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Frequent Traveler

[{"selector":"#anim-d11a74d7-355a-4bdd-89b9-d0bc44fa9203 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(40.504807522915584%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-43504f43-d85b-4a3f-955e-1cb92abc41a4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b901225d-c336-4ba2-a6e7-08c0862346df","keyframes":{"transform":["translate3d(-117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c87a366-2c3b-4bde-8f54-2b8a9a2f18f7","keyframes":{"opacity":[0,1]},"delay":1500,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Travel credit cards works best. You can select a general, or airline partnered credit cards if you're a

Does Applying for a Credit Card Hurt Your Score?

[{"selector":"#anim-bbbc1d84-916d-496c-979d-aeb8a0dffe62","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-519ebe1f-141c-419e-8367-cf9a083d1036","keyframes":{"transform":["rotate(20deg) translate3d(0px, 76.33746%, 0) rotate(-20deg)","rotate(20deg) translate3d(0px, 0px, 0) rotate(-20deg)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9c8a488-f68b-4c4b-b7f7-a5e93a00134e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7508942f-d995-4d2d-85ab-5d0ff53f08af","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-46199dd2-5ffd-423e-a030-9784c10455a0","keyframes":{"transform":["translate3d(114.87342%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33593adb-535c-4389-a18a-49fb78953a21","keyframes":{"opacity":[0,1]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-46b01744-b946-4d1b-93b5-99135135c465","keyframes":{"transform":["translate3d(-118.4466%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1a2fe373-fd50-4966-9dfc-564be37893ee","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6433030a-0b1d-4317-8778-47dd2024db55","keyframes":{"transform":["translate3d(97.03196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Credit Application is a hard inquiry. It will drop your score by 5 points., but there are other factors too! Learn more

How Many Credit Cards are Too Many?

[{"selector":"#anim-0206225d-5055-4795-a183-9fba0945e897 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21462252752049%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-03cd6ff1-5f11-489f-a5de-bd937ef991db","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f12d28da-991b-4a91-a738-2dfc3c246379","keyframes":{"transform":["translate3d(-115.58442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c9d5b55-0e52-496b-ad3e-11efdf0b7cd0","keyframes":{"opacity":[0,1]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-97102c8d-7688-4bc9-a1b8-35f5b7e45a42","keyframes":{"transform":["translate3d(116.82848%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] You can have multiple credit cards as you’d like and still be okay but having too many is cumbersome. Learn More

Does Closing a Credit Card Hurt Your Score?

[{"selector":"#anim-7951029a-8a18-4722-98cc-f7dba9464c06 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.21462252752049%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7ed10c33-8ecf-4418-bb9d-6a5a901038a4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65f4cef6-fdbc-4265-920b-e45da3745cc7","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c22b1539-dd1a-45f6-8999-2845c1546254","keyframes":{"opacity":[0,1]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b3b609b-5034-4d92-b8f6-49c392336571","keyframes":{"transform":["translate3d(116.82848%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] It does not make a big difference if you close your unused credit card as long as you don’t have an outstanding balance. Read More!

How Many Credit Cards Should I have?

A credit card is a 3.37 X 2.125 plastic or a metal card, or a virtual card stored in a digital wallet that provides a credit line

A credit card works like a personal loan with a due date at the end of every month.

How do Credit Cards Work?

How Many Credit Cards Should I have?

According to the Federal Reserve, 83% of Americans carry a credit card, and 50% pay off the card balance monthly. Try card less, if you're

Impulsive Spender

Average Spender/ Earner

You can use 2X cash or point back. It's worth getting credit cards with annual fee because it pays for itself if you're a

Big Spender

Frequent Traveler

Does Applying for a Credit Card Hurt Your Score?

How Many Credit Cards are Too Many?

Does Closing a Credit Card Hurt Your Score?

Other stories