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?

Based on Experian data in 2020, Americans, on average, hold four credit card accounts.

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

Cash back and no-annual fee cards are of a high value. One primary and another backup card is enough for an

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

Travel credit cards works best. You can select a general, or airline partnered credit cards if you're a 

Frequent Traveler

Does Applying for a Credit Card Hurt Your Score?

Credit Application is a hard inquiry. It will drop your score by 5 points., but there are other factors too!

You can have multiple credit cards as you’d like and still be okay but having too many is cumbersome. 

How Many Credit Cards are Too Many?

It does not make a big difference if you close your unused credit card as long as you don’t have an outstanding balance.

Does Closing a Credit Card Hurt Your Score?