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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.
What else can I help you with?
What is the percentage of people with multiple credit cards?
In the year 2010 the percentage of people with multiple credit cards is 68%.
How does having multiple credit cards affect your credit score?
Having multiple credit cards can affect your credit score in both positive and negative ways. On one hand, having multiple credit cards can increase your overall available credit, which can lower your credit utilization ratio and potentially improve your credit score. However, having multiple credit cards also means more opportunities to accumulate debt, which can negatively impact your credit score if you carry high balances or miss payments. It's important to manage your credit cards responsibly to maintain a good credit score.
Does having multiple credit cards hurt your credit score?
Having the cards does not. Having large debts on them does.
Why are unsecured credit cards easy to get?
Unsecured credit cards are easy to get because they have no restriction and anyone can get them. You do not need a good credit history or an account to get one.
Where may an individual find information about credit cards for people with poor credit?
There are multiple sources of information for people with poor credit that want credit cards. Secured cards are a great way to build your credit back up. Information on these cards can be easily found through your local financial institution.
Is it illegal to have different addresses for multiple credit cards?
Yes, if you move you have to change the address for a credit card.
Are you better off having no credit cards or having multiple credit cards with no balance?
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.
How does a Citi credit card compare to a Chase credit card?
Both Citi and Chase offer multiple options for credit cards. Both companies have cards with no annual fee, low APR's, and rewards. The cards from both companies also get good reviews from users.
Has anyone had any experience with Vanquis credit cards?
Yes many people have had experience with Vanquis credit cards and are very happy with them. Many people have written reviews online about them and their experiences.
Can you have more than one first premier bank credit card?
Yes, you can have as many credit cards from one bank as they will let you. It all depends on what your credit score will let you get. It would be better to get a higher credit limit though then have multiple credit cards to keep track of.
What credit card can I get that I can get multiple cards for my office staff?
There are quite a few different credit cards available you can get for your company and employees. I would suggest checking out MasterCard's service as they would have a good rate.
