Day by day we get lots of credit card applications in our mail boxes. Banks and credit card companies offer credit card deals for different purposes to fit everyone: reward credit cards, business credit card deals, student credit cards and etc. No matter what your credit history is, you can always find an offer for you.
Using credit cards, we can earn cash back, free movie tickets, discounts, free flights and hotel stays, etc. That is why having one more credit card offer in your mail box it is so easy to yield the temptation to apply for a new credit card deal. But there is a question: how many credit cards you need? Can the number of credit cards you own affect your credit history?
The researches show that most Americans use from five up to ten credit cards. An average American family owes credit card companies around $12,000 when an average household is only $ 50,000. Their credit card debt makes 24% of the annual income and it is without mentioning their car loans and mortgages. Isnt the statistics is alarming?
The main question is: How many credit cards you need? Financial experts believe that two or three credit cards are quite enough and advise...
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