Do You Need More Than One Credit Card?: Advantages And Disadvantages Of Having Multiple Credit Cards
Source: Bank of America
These days, it's not uncommon for people to have multiple credit cards. A study from Experian found 51% of the U.S. population has two credit cards or more. If you're thinking about applying for multiple credit cards, having a separate card with a low credit limit just for online shopping can help you track you're spending and monitor for identity theft or fraud. It can be a challenge to manage multiple credit card bills. It increases the chance you'll accidentally miss a due date, or pay the wrong amount on one or more of your cards.