How many credit cards can a person have, what are the disadvantages of having too many credit cards?
How many credit cards can one person have? In theory, there is no limit to how many credit cards you can hold. So, how many credit cards should a person have? Several professionals told reporters that an ordinary salaryman has two or three credit cards, which is almost enough to meet the basic needs of living consumption.
Bankers say: Two or three credit cards are enough
According to the person in charge of the credit card department of CCB, the number of credit cards for an individual should be determined according to each person’s situation and preferences. For example, ordinary functional credit cards can be used for daily consumption; special rights cards such as car cards and Air China Miles Cards can enable cardholders to enjoy more preferential rights. Usually, two or three are best.
The Everbright Bank Credit Card Center suggests that three credit cards are generally appropriate, not the more the better. The suggested combination is 2 from Bank A and 1 from Bank B. Its role is to choose one of the credit cards of Bank A for daily consumption, which is convenient for point management and gift exchange; For the convenience of repayment, you can apply for a salary card or a credit card of the bank where the debit card is located, and enable the automatic repayment function, which saves the trouble of forgetting to repay.
Cardholders need to choose the issuer of their credit card. An analyst at Junling Wealth pointed out that many people only pay attention to the card function when applying for a credit card, and don’t pay much attention to the card-issuing bank. Choosing a bank is choosing a service. “The credit line of the four major banks is relatively low, and there are few promotional activities, but the big banks have more outlets and more ATMs, and the repayment is convenient; joint-stock commercial banks have a higher credit limit, more preferential activities, and more points, but the number of outlets is small. Consumption. Those who wish to have a large bank and a small bank each have one, taking into account the two needs of consumption and repayment.
It may seem like a good thing for one person to hold multiple credit cards, but in fact, having too many credit cards is not a good thing. Why would anyone want to apply for more than one credit card? First, the more credit cards, the higher the total credit limit; the second is that different bank credit cards and different types of cards have different discounts, and cardholders can enjoy various discounts; wool. However, don’t just see the benefits of having multiple credit cards, but also understand the risks of having multiple cards for one person.
Risk 1: Too many credit cards, difficult to manage, and accidentally charged.
A credit card annual fee is a basic charge item of a credit card, ranging from tens of yuan to hundreds or thousands of yuan. General gold cards and general cards can be swiped with no annual fee. If you hold too many credit cards, you will incur an annual fee if one or several of them are not swiped a certain number of times or amounts within the specified period. If the cardholder fails to repay in time for the arrears caused by the annual fee, overdue interest and late payment fees will also be incurred, and even affect the personal credit record.
In addition, swiping multiple credit cards makes repayment very troublesome, and it is easy to overdue due to failure to repay in time.
Risk 2: Excessive credit card or cash out risk
If there are too many credit cards, the total credit limit will also increase accordingly, and even the phenomenon that the limit is too high and does not match the repayment ability of the cardholder. Some cardholders have poor self-control and like to overspend and overdraft their credit cards, resulting in extremely high bills and inability to repay.
There are also a small number of cardholders who apply for multiple credit cards to cash out, and several credit cards are swiped against each other. First of all, cashing out a credit card is an illegal act with high legal risks; secondly, cashing out is not a transaction without capital, and it needs to bear the handling fee.
Risk 3: Personal debt is too high, affecting future credit card and loan applications
The China Payment and Clearing Association issued the “Guidelines for Risk Control and Security Management of Bank Card Business”, requiring banks to strictly control the situation of multiple cards per person and excessive credit extension, and cardholders’ application for credit card overdrafts that are much higher than their income levels will be blocked. Therefore, if the number of credit cards is too large and the total credit limit is too high, it will be difficult to apply for a credit card again, and even applying for a loan will have a certain impact.
Risk 4: High risk of loss, stealing, etc.
Too many credit cards make daily management inconvenient and easy to lose if you are not careful. Many people also like to keep all their credit cards in their wallets. Once the wallet is lost, it will be even more troublesome. The cardholder has to spend a lot of loss reporting and replacement fees to get the card back. Lost credit card, the corresponding risk of theft is also higher.
Credit inquiries are mainly divided into the following categories:
1. Loan application, query record is the loan approval
2. Credit card application, the query record is the credit card approval
3. Guarantee for others, then it is a guarantee qualification review
4. Check your credit report, it will be displayed in the personal query column;
In addition, these small behaviors may also affect credit reporting, so you need to pay attention:
1. Don’t randomly click on micro-loans, click once and check once for credit
2. Don’t apply for a credit card online, just click once to check the credit card
3. Don’t apply for a loan of several thousand yuan on the Internet. Even if the amount is small, click once to check the credit.
4. You need to be cautious in inquiries. Every time you inquire, the bank thinks that you need money. If you check too much, it means that you are very short of money. In this way, any formal approval will be cautious and skeptical about your qualifications!
Having multiple credit cards can affect your mortgage
The China Payment and Clearing Association issued the “Guidelines for Risk Control and Security Management of Bank Card Business”, requiring banks to strictly control the situation of multiple cards per person and excessive credit extension, and cardholders’ application for credit card overdrafts that are much higher than their income levels will be blocked. Therefore, if the number of credit cards is too large and the total credit limit is too high, it will be difficult to apply for a credit card again, and even applying for a loan will have a certain impact.
