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Reasons To Have More Than One Credit Card
_Wondering how many credit cards you should have around? Well, more than likely you've heard a lot about how bad it is to have more than one credit card. Some people are afraid that they'll end up in big debt if they have more than one.
While there are definitely some pitfalls to having too many credit cards, there are some great benefits to having more than one credit card as well. There are actually many people out there that have two or more today. If you are responsible, you can benefit from having more than one. Here are a few of the benefits you can enjoy if you have multiple credit cards.
Believe it or not, you can benefit from financial safety when you have multiple credit cards. Sometimes a card could be stolen or you could lose your cards in a fire. Having a card somewhere safe can be a lifesaver if this happens to you.
You'll also find that having a credit card that you use only for online purchases is a great safety measure as well. This way if you have a problem, it's easy for you to find it, since you are only using one card online. You also have a backup if you need it, which is very helpful to most people.
Another great benefit of having more than one credit card is the rewards. You can get great rewards cards that give you rewards for every dollar that you spend on your credit card. Many people enjoy having several cards so that they can enjoy different types of benefits from them.
Of course you need to be aware that there can be some pitfalls to rewards cards. Sometimes they have high interest rates and high fees as well. Don't use these cards if you plan on keeping a balance on them.
Having more than one credit score can actually help out your credit score as well. When you have several cards and you are showing that you are using the cards responsibly, you will definitely raise your credit score. However, don't max out the cards. This can cause negative problems when it comes to your credit score.
You'll also find that having multiple credit cards allows you to stagger your bills. You can set up your credit card bills to come along with your income. One bill can be set up with one paycheck, while the bill for the other card can be set up to come when you get your next paycheck. It really can help you better manage your money.
While there are definitely some pitfalls to having too many credit cards, there are some great benefits to having more than one credit card as well. There are actually many people out there that have two or more today. If you are responsible, you can benefit from having more than one. Here are a few of the benefits you can enjoy if you have multiple credit cards.
Believe it or not, you can benefit from financial safety when you have multiple credit cards. Sometimes a card could be stolen or you could lose your cards in a fire. Having a card somewhere safe can be a lifesaver if this happens to you.
You'll also find that having a credit card that you use only for online purchases is a great safety measure as well. This way if you have a problem, it's easy for you to find it, since you are only using one card online. You also have a backup if you need it, which is very helpful to most people.
Another great benefit of having more than one credit card is the rewards. You can get great rewards cards that give you rewards for every dollar that you spend on your credit card. Many people enjoy having several cards so that they can enjoy different types of benefits from them.
Of course you need to be aware that there can be some pitfalls to rewards cards. Sometimes they have high interest rates and high fees as well. Don't use these cards if you plan on keeping a balance on them.
Having more than one credit score can actually help out your credit score as well. When you have several cards and you are showing that you are using the cards responsibly, you will definitely raise your credit score. However, don't max out the cards. This can cause negative problems when it comes to your credit score.
You'll also find that having multiple credit cards allows you to stagger your bills. You can set up your credit card bills to come along with your income. One bill can be set up with one paycheck, while the bill for the other card can be set up to come when you get your next paycheck. It really can help you better manage your money.