Is it good to have more than one credit card? Nowadays, with so many card options that exist in the market with different benefits, it can be difficult for people to stick with just one card.

Because of this, it is normal for you to feel the urge to have more than one card in order to take advantage of a specific advantage that it offers or, then, to have more limits and, therefore, be able to make a larger purchase.

This is something that can happen a lot with store cards, for example. Most of them offer discounts on their purchases, which makes the public want to make a card out of it and use it along with their bank card.

But, is this really a good practice for your financial life? Or could having more than one card hurt your finances? Continue with us in this article to find out if this is a good decision for you.

This question can accompany many people when applying for a credit card. After all, how many cards would be good for your financial life?

The truth is, there are no right answers to this. The amount of cards you will have needs to make sense with your financial life and be in an amount that will keep you in control of your expenses in the future.

For example, for a person who travels a lot, it may be interesting to have more than one card to be able to make international purchases.

On the other hand, for a person who makes a lot of purchases in very different establishments, it may be interesting to have more than one card with different flags. So she will be sure that she can pay for her purchases with peace of mind.

Therefore, for you to know how many credit cards you should have, it is necessary first of all to analyze your financial life to verify where and why the use of more than one card would be beneficial for you.

First of all, to understand if having multiple cards can affect your score, we first need to understand how this score is calculated.

Therefore, calculating your score involves analyzing several different factors. To define the score, an analysis of your payment history is first made to understand if you have the profile of a person who pays their bills on time.

In addition, the way you use your credit card is also under review here. From this data, they can find out if you have debts with banks or if you always use the entire available credit limit.

And, certainly, data related to how long you spend using a credit card also enter the account, in addition to the number of times you make a new card.

In this regard, it is important to note that the act of doing many credit cards in a short period of time is something that can lower your score.

But, if they are created over a longer period of time, this will not be seen as a negative point in the calculation.

With that, we can already see that having multiple credit cards can affect your score. 

As this score is based on your credit history, by having multiple cards you will have more data about your payment behavior to show.

And this data can contribute to your score going up or going negative.

As much as the advantages of having more than one credit card are very clear in the consumer's mind, it is also essential that you assess the risks involved in this action.

For this, we separate the three main risks that you can take when having multiple credit cards.

This is the most common risk to happen. As when buying with the card you are basically postponing a payment, it is easier for you to forget that it was made and, therefore, end up spending more.

And this practice can do a lot of harm to your financial life in the long run. When you realize it, you may have high bills on all your cards that you are unable to pay in the month.

Thus, you may end up delaying this payment and needing to pay interest due to the delay, which affects your financial life even more.

Another very important factor that is little remembered when creating more than one credit card is the fees it has.

Fees such as annuity, issuance of a duplicate card and even installment interest are items that can harm your finances if they are not well thought out and organized.

Finally, another risk of having multiple credit cards is that you are more exposed to scams, such as fraud and cloning of your card.

This means that you have to pay extra attention to your invoices and the purchases that have been made, so as not to end up acquiring a debt that is not yours, but that could dirty your name.

Despite the risks, having more than one credit card can also have good advantages for the user. 

In summary, by having more than one card, you can access more benefits, limits and you can make larger purchases as long as the store accepts payment on two cards.

One of the main positive points of having more than one credit card is the limit you can access. 

As you make your purchases on the card, your limit can go up, allowing you to make larger purchases with some peace of mind.

By having more than one credit card, you can also protect yourself against unforeseen events. If a card is stolen, you can always count on the other one to make your purchases.

Also, in cases of emergencies where you need to use your limit, you will have two or more cards to check the available limit and thus use it.

Finally, by having more than one card you can access the advantages that each one has. So, you can have a card with a good points program and another that offers cashback on purchases.

By the way, speaking of cashback, did you know that there are several apps that you can earn money back when you make your purchases? Discover the main apps in the post below!