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One, it is more than enough as the more credit facilities we have, we tend to spend more.

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Q: How many credit cards should one person hold?
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What are the costs and the pitfalls of using credit cards and debit cards?

You should avoid using credit cards if at all possible. Irresponsible use of credit cards can credit large amounts of debt quickly. The interest charges can be substantial. Debit cards usually do not charge interest and can be used in situations when you don't have cash or need to hold something using a credit card, such as a plane ticket or a hotel reservation. That said, it's always best to use cash for optimal personal financial management.


Why is credit cards important?

because they hold your money so u dont have to carry it around. its a lot safer.


What is idiosyncrasy credit?

Suggests that a person's potential to be influential arises out of the positive dispositions others hold toward him.


What is the purpose of credit?

When used responsibly there can be lots of good uses for credit cards. You can use them for instant purchases on things you want at that moment but cant afford just yet (but don't spend to much) and since most cards hold about $1,000 then they can be handy for most emergencies for if you need to make large purchases. It can also be used for online shopping and building up your credit rate.


What is the application process for a CIBC Visa Card?

By apply for a CIBC Visa credit card, you are able to obtain a credit card with a simple process. The application requirements consist any of the followings: name and date of birth, address, phone number, email, current and previous employer, gross annual income, ssn, and information about other credit cards that you hold. Lastly, there is three ways to apply for a credit card, online, over the phone, and in person.

Related questions

What are the costs and the pitfalls of using credit cards and debit cards?

You should avoid using credit cards if at all possible. Irresponsible use of credit cards can credit large amounts of debt quickly. The interest charges can be substantial. Debit cards usually do not charge interest and can be used in situations when you don't have cash or need to hold something using a credit card, such as a plane ticket or a hotel reservation. That said, it's always best to use cash for optimal personal financial management.


If you bank with Bank A and file bankruptcy and have credit cards with Bank A should you move to a different bank?

It would depend on the banks policy. Some banks will freeze all accounts you hold with them, whether the have credit facilities or not, e.g. Savings accounts you hold for your children.


How do you get hold of a credit card number that is not used anymore?

What's the point in doing that. It will be useless because it will no longer work. And you cant because you should destroy cards that are not used.


What is a billfold?

A billfold is a small folding sleeve or case used to hold paper currency and credit cards.


How can I get hold of some prepaid credit cards?

You can purchase prepaid credit cards at a number of locations, including gas stations, drug stores, grocery stores, book stores. They are also available online; however, it is quicker to obtain these cards from a physical location.


Why is credit cards important?

because they hold your money so u dont have to carry it around. its a lot safer.


What is the purpose of a royal bank visa?

Royal bank visa are basically credit cards and debit cards issued by the Royal Bank (depends on which bank you hold an account with) for their customers. If you have a good credit history, you can get a credit card. Or else, you can build one with a prepaid card.


How long can a bank hold title after you pay an auto off?

I've heard that many banks will hold title for up to 30 days until checks and/or credit cards clear. Apparently, Credit Cards can be disputed up to 30-90 days, so they get nervous about taking credit cards for payment and having you come back and challenge the charge. If you pay off in cash or cashiers checks, they are supposed to release the title quickly (5 working days I think).


Credit Card Holder?

A credit card holder is a device you can use to conveniently carry your credit cards. They will safely store your credit cards if you don't want to carry a large, clunky wallet. Credit card holders come in different styles and pretty designs. Some are made of leather, while others are made of metal. Some card holders have a button that you can press to eject the credit cards. Credit card holders can usually hold up to ten cards, and they often have a slot where you can store cash. Credit card holders are inexpensive, and they usually cost less than thirty dollars. They can be found in department stores, and on Amazon.com where they have relatively low prices.


What is the maximum number of credit card recommended?

There is no right number. At one time I had 8 credit cards. I cut that down to 3 because I wanted to eliminate 5 opportunities for an identity thief to get a hold of a credit card number I rarely use. I was prompted to do this when my wallet was stolen with all 8 credit cards in it. I had to dig up the 800 numbers for all 8 of those cards to get them cancelled. That was a real pain. Right now I have two Visa's and an American Express. And I will most likely get rid of one of the Visa's and just go to 2 credit cards. If you insist on keeping multiple credit cards; I would put the majority of them in a safe place and not carry them in your wallet. I certainly wouldn't walk around with 15 credit cards in a single wallet. At this point I use my debit card a lot more than I do any of my pure Credit Cards. In the end Cash is best.


Where can one go to obtain a household credit card?

Household Bank Credit Card is a company which provides card services for payments of this nature. A number of online bill pay services with similar names can also provide similar ability but users may well wish to consult with consumer review sites to evaluate the differing terms of service.


Can you buy a lottery ticket in NY with a credit card?

The ban on the use of credit cards is to help prevent gambling addicts from over extending their credit and going further into debt. It also reduces the chance of stolen credit cards being used to 'wash' the money into a non-traceable commodity.