How Many Credit Cards Should You Have?

If you already have a few credit cards and are interested in opening another, you may wonder if there’s an ideal number of cards to have.

 

While there’s no one-size-fits-all answer, Experian found that the average American has four. When managed properly, having multiple cards can allow savvy cardholders to maximize rewards and other benefits, such as interest-free financing and travel protections. But you should always consider your current credit score and financial situation when deciding how many credit cards to have.

 

CNBC Select spoke with credit experts about how to decide if opening another credit card is a good idea.

Click to continue reading…

 

SHARE
SHOWHIDE Comments (0)

Comments are closed