Determining the appropriate number of credit cards to have can be tricky. Whether you want a card for every store in your neighborhood or just one that is simple and convenient, your needs are going to dictate the answer.

At the same time, it’s important to reflect on your financial situation. The more debt you have, the fewer cards you should carry. Resist the urge to carry too many cards as well. This can encourage spending and wasting money that you don’t currently have.

How many credit card should you have photo by Pavel Danilyuk from Pexels

Don’t have enough credit

If you don’t have the amounts of money necessary to pay off your debts each month, it may be best to maintain only one credit card. Keep this in mind even if your balance is low. A small balance is better than no credit. Also, if you have a low credit score, one card is often preferable to add to your score to ensure you qualify for low-interest rates.

Determine the amount of money you can afford each month toward your debts. Try placing the amount in the monthly budget that you set for purchases and debts in the past. Once you can comfortably pay off your credit card bills each month, you can work on what to do next.

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What are the benefits of having a single credit card?

When you have only one credit card, the benefits are clear. This card will give you and responsible adult who is ready to manage their credit responsibly. It’s easier to pay off the balance on a single credit card than on multiple ones. In addition, no payments are missed when you have fewer cards than when you had multiple debts. When you only have one card, you won’t miss a payment, and you will avoid any late fees.

In addition, the credit limit is likely to be higher when you have just one credit card than if you had many. Less debt means that your credit limits will be higher. If you don’t currently have the money to pay off your current balance or make larger purchases on a single card, it may be best to work on building up your credit before requesting more cards.

How many credit card should you have
How many credit card should you have photo by Karolina Grabowska from Pexels

Again, the answer to this question is not just one. Some people want one card they can use at all locations. Others may want a card that gives them charge cards ability to pay off their balance each month on time. Still, others may use a card that has an installment agreement for those who have no other options for payment.

Your situation is going to dictate which option works best for you. The best “number of cards to have” is going to depend on your current requirements. What type of card do you want? What are your goals in the future?

Don’t have the money to pay a minimum balance?

Another reason why you may need one card only is that you can’t afford a minimum balance or you can’t pay off the cost of an item before it comes due. This is a huge red flag and something that should be avoided if possible. If you feel that a second credit card will help you pay off your debts each month, keep in mind that interest charges on credit cards are sky-high.

How many credit card should you have
How many credit card should you have photo by Karolina Grabowska from Pexels

If you only have one card and you want to add another to your list of cards, make sure that the minimum payments are manageable. Don’t apply for a card if you won’t be able to pay off the costs each month on time. If you don’t, late fees will cost more than just the added credit card cost.

How many credit card should you have for you to build your score?

If you’re looking to improve your credit score, the best option is to focus on one card at a time. As each card builds up your score, you’ll get more options when applying for other cards. At this point, the only thing that should be considered is whether or not you can pay the full amount of the credit line each month. Nothing else counts toward your actual credit score other than payment history.


There is no right or wrong way to have multiple credit cards. There are many out there that are ready to give you a card and help you pay down your debt and improve your credit score. Keeping a close watch on all of the different credit card options out there can be tough. Each individual’s financial situation will dictate which route they take toward which cards they choose to keep in their wallet and which ones they don’t use at all.

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These are some of my favorite blogging tools

Thank you for reading this article. Anyway, for those who are looking to build a blog and wonder which tools you can use to build a blog or a website, I highly recommend these tools below.

Web Hosting: if you just start blogging I recommend you to get a Bluehost since they are easy to set up and quite cheap. The price started at US$2.95* but if you plan to scale up your website in the future, I prefer Cloudways more because Couldways works better once you get high traffic to your website. you can switch plans easily as well and they also offer a free trial with no credit card required

Domain Name: Most of my websites bought domain names from Namecheap, I did some research before I bought them and most domain names from Namecheap are cheaper than other websites.

WordPress Speed Plugin: I currently using this plugin and I’m really happy with the result. WP Rocket speeds up my website to rank a good score. Highly recommend!

WordPress Theme & plugin: For some of you who prefer to use a theme for your website, personally I like ThemeForest (my website uses a theme from here) but in case you are looking for other options such as themes, landing pages, funnels, including creating your own online courses please check out ThriveThemes

Email Marketing Service: Currently I’m using GetRespond which is easy to use and you can sign up for a 30-day free trial. The cheapest plan stat at only US$19. No credit card require so if you don’t want to use the service after the free trial period ends, you are good to go.

Graphic Design: If you don’t have graphic design skills I recommend using Canva Pro. They have so many templates which are easy to use and it only costs you US$9.95 a month.

Stock Photography: I recommend using 123RF or Depositphotos. Both sites offer good-quality photos. For Depositphotos, their plan starts at US$9.99 per month for a 1-year subscription.