1. News
  2. Explained

Is Having Multiple Credit Cards a Good Idea?

Professor of Financial Economics and Part-time Value Investor, Transfin.
Dec 3, 2019 6:22 AM 1 min read

Not sure if you should own more than one credit card? Here's a list of pros and cons of having multiple credit cards. 



Some pros and cons of having multiple credit cards.

While a credit card can very well come handy during situations of financial emergency, lot many customers still consider them as debt-traps. Even those who already possess a credit card are often wary of applying for another one, overcome by the fear of accumulating unmanageable debt.


Here is a useful list of the pros and cons of having multiple credit cards. 


While banks, on their part, keep tightening the security measures, fraudsters and online hackers are always on the look out for some loophole in the security systems. 


Here's a list of 5 major kinds of frauds and how one can protect one's bank accounts from them. 


(Don't want to miss out on these End Of Day Wrap Ups? Subscribe Now to our WhatsApp Feed and get the day's Top Business stories straight on your favourite messaging app.)