A credit card is considered one of the most convenient financial tools for making emergency payments. It is important to strategise expenses in line with your credit limit and make bill payments on time, especially when you have multiple credit cards. Make a budget Before using multiple credit cards or planning to get many cards, it is important to make …
Most credit card users are lured to them because of the rewards and benefits they offer. Credit card churning is a method of strategically opening and closing accounts to fully utilise rewards, bonuses, and other offers provided by credit cards. Advantages of credit card churning Higher savings: Various offers provided by multiple credit cards can help to save a lot …
A frequent credit card user must know that a good credit score is a key factor in determining your creditworthiness. However, paying your credit card dues on time does not guarantee a good credit score. A low credit utilisation score indicates poor credit usage habits and a high credit utilisation score signals high debt, which may reduce the chances of …
Many people buy credit cards to earn rewards and cash back and benefit from the same. And no, multiple credit cards won't affect your credit score if managed responsibly. Today, let's explore some strategies to manage multiple credit cards without affecting your credit score. Set notification or account alerts Most credit cards give you the option to set alerts for …
“To improve is to change; to be perfect is to change often.” -Winston Churchill. Below are a few tips that will help you decide: Maintain the Credit Utilisation Ratio: Having multiple credit cards help maintain the credit utilisation ratio as the consumer would have more than one card to divide the spending on each card. For instance, if you have …
