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Can anyone have multiple credit cards?

Updated: 8/18/2019
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13y ago

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With good credit-yes.

Having multiple credit cards is possible. However, carrying lots may not be a wise thing to do. With lots of credit cards in tow, the risk of theft or loss is also high. When credit cards get stolen or lost, the owner must make an immediate report about the incident to the credit card provider. This case may also be prevented if the credit cards are highly organized and secured when brought together.

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Q: Can anyone have multiple credit cards?
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In the year 2010 the percentage of people with multiple credit cards is 68%.


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Having the cards does not. Having large debts on them does.


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Its best to have only a few credit cards to no credit cards. Say you have 4 credit cards with a 500 limit on each and a zero balance, There is the potential for you to charge 2000.00 whenever you want. When you have so much available credit, Lenders are scared to loan to you, Therefore hurting your credit. Best bet: If you dnt use 'em, Lose 'em.


Where can one compare credit cards with low interest rates from multiple companies?

A very good website for comparing credit cards with low interest rates from multiple companies would be Credit Cards. They offer services for Canada, the US, the UK and Australia. Also, going to a local bank and asking would be a good idea as well.


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