How Many Credit Cards Are Too Many? Pros, Cons, and Expert Advice

• Having multiple credit cards offers flexibility, allowing users to maximize rewards across different spending categories like groceries, travel, and fuel.
• Multiple cards can improve your credit score by increasing your total credit limit and lowering your credit utilization ratio, provided spending is managed.
• They serve as a practical backup in case one card is blocked due to fraud or technical issues, preventing you from being stranded.
• The main risks include overspending, accumulating annual fees without sufficient benefits, and missing payment due dates, which can severely damage your credit score.
• Financial experts generally advise that one to three well-chosen credit cards are sufficient for most disciplined individuals, emphasizing timely full payments and understanding reward structures.