richkvegas
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It is a good idea if you want to be broke and in debt the rest of your life. |
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origamimark
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A main one and a spare is probably all you need. |
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kebablamb
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No, and if you already have any, chop them up ! |
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NatNat
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If thats what your thinking of doing i suggest you choose a pretty little cardboard box, because you'll need it in 30 odd years.
Dont spend money you dont have.... |
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JJ
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Having multiple credit cards is a recipe for getting into debt. Guaranteed you will use them and it takes a heck of a lot longer to get out of debt than to get into it. I would have a max. of 2 - no more. |
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Pepper
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NO....its good to have just one at a low limit for emergencies. |
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buggerlugs
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its brilliant for your credit rating but be careful they can ruin u if not careful |
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Jen G
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Nope... instead save up your money so you have 3-6 months of expenses in an account for emergencies... then you'll never need the credit cards. |
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Tufty Porcupine
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No. It'll affect your credit rating (your ability to get a loan or mortgage). |
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Caz300
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After three years in the debt/finance industry and dealing with credit referencing agencies, I would have the say that the more credit that you apply for the worse your credit rating is going to be, as often these companies will assume this is a sign that you not able to manage your money, rather than just having them as a precaution.
A better idea would be to put money aside into a savings account, that way not only will you not have to interest charges, if you ever need to use the cards, but your money will increase through interest paid to you instead of you paying interest.
As has already been said the more cards you have the more likely you are to get into debt. |
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Edward H
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no not really it can hurt you in the long run. |
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alec A
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With the extortionate rates of interest charged by credit card companies, one card is plenty for the emergency cash, because if you cannot pay it of straight away, it could take months or even years to pay off, and you would probably payed three to four times the price that you borrowed. More than one card only spells many years of dept that can be avoided. |
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seven69uk
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no you will just end up paying off the credit on them all and never getting the total down |
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nc_hull
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No definitely not, save cash instead. At least it earns you interest and doesn't charge you it. |
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lix
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If you want to run up as many debts as posssible, yes. |
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