Multiple Credit Cards: Should you own them and how to manage effectively

In India, all banks together offer 100s of different credit cards. The frequent flyer program transfer partners include: Air Canada Ethiopian Airlines Etihad Japan Airlines Qatar Airways Singapore Airlines Turkish Airlines Thai Airways United Airlines Air France – KLM Maharaja Club Air Asia Qantas Airways and SpiceJet The hotel loyalty transfer partners include: Accor Hotels Marriott International Wyndham Hotels IHG Hotels & Rewards and ITC People who prefer converting credit card reward points into airmiles and hotel loyalty points may consider credit cards from Axis Bank, HDFC Bank, American Express, etc. So, if you have high spending in a specific category, you may analyse credit cards offering benefits for spends in that category and consider one that suits your needs. Strategy to manage multiple credit cards We have discussed why people keep multiple credit cards and how they can enjoy their benefits. If you use credit cards for maximising reward points, lounge benefits and other benefits along with instant discounts, then you may need up to 3-4 credit cards.