Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE
RequestCredit.com is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. RequestCredit.com does not review or offer all available credit products.

5 Benefits of Having Multiple Credit Cards

[Saturday, October 3rd, 2015]

Some people think that keeping things simple is the key to life. Others think having more is better. But when it comes to credit cards, it’s definitely a case of the more, the merrier.

Here are five reasons it’s better to have more than one credit card:

1. You get more rewards. Whether it’s cash back, thank you points, frequent flyer miles, hotel loyalty points, or gift cards, having more credit cards means having access to more types of rewards. There are so many different rewards credit cards available, why limit yourself to just one or two? A good rule of thumb is to have a co-branded airline or hotel rewards card, a cash back card that gives rewards in rotating categories, a thank you points credit card with flexible redemption options, and a general travel rewards credit card.

2. You maximize your cash back. Most cash back rewards cards offer a standard 1% cash back on all purchases. The best cards also offer a higher rate of cash back, either in rotating categories or in a fixed category all the time, like dining or fuel. When you have more than one of these types of cards, you get the most cash back possible. Have a card that always gives you 3% or more back on gas, one that gives 3% or more back on groceries, one that gives 3% or more back at restaurants, and one that gives 5% back in rotating categories, with a $1,500 spending cap. Then be strategic about which card you use for which purchases. This way, you get the most cash back.

3. You can transfer balances. If you are carrying a balance on a card and paying high interest, the best thing to do is apply for a credit card with a balance transfer offer that will allow you to pay off that balance without interest. Once you’ve paid it off, you now have another credit card to use. Don’t close the account, because it can negatively affect your credit rating. Keep it open, and use it to get rewards, if it offers any.

4. You can track your expenses easily. When you have more than one credit card, you can use one card for household expenses, one card for travel, one for business expenses, one for dining out – you get the idea. Divide your spending up however you want between the cards, and you can keep track of your spending in each category by looking at each statement.

5. You can give family members their own accounts. If you have children or other family members who you’d like to give access to credit, consider getting them each a card that only they will use. Get the card in your name, but don’t use it. Order cards for your family members and add them as authorized users on the accounts, and you can easily see how much they are each spending.

As long as you are making all payments on time and keeping your balances low, having more than one credit card won’t hurt your credit score. In fact, it can be a good thing, if you use them responsibly and don’t apply for them all at one time. Just spread out your applications and keep a close eye on your credit score to make sure you’re eligible for the cards you apply for.

Read also

The Simple Trick That Will Improve Your Credit Score
[April 13th, 2017]

If you’ve ever been turned down for a credit card or offered a sky-high rate on a mortgage, your credit score might need some help.

Continue reading ››

What You Didn’t Learn About Money in School
[February 18th, 2017]

You might be surprised to learn that most people don’t learn anything about money in school. With all the history, math, and science students are required to study, one thing that gets left out is basic financial literacy.

Continue reading ››

The 5 Things You Need To Do For a Great Credit Score
[December 19th, 2016]

Do you know what your credit score is?
Having good credit is essential for more reasons than you may think. If you want to get the lowest APR on credit cards, not to mention be approved for the very best credit cards, including elite cards, you’ll need to have the very best credit score possible. But you also need good credit in order to be approved for a mortgage or an apartment lease, and maybe even to get a job.

Continue reading ››
Copyright © 2003-2017 RequestCredit.com. All Rights Reserved
RequestCredit.com strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that RequestCredit.com can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The RequestCredit.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. RequestCredit.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the RequestCredit.com website are property of their respective owners.
RequestCredit.com is an independent, advertising-supported web site. RequestCredit.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. RequestCredit.com has not reviewed all available credit card offers in the marketplace.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.
Information in these articles is brought to you by RequestCredit.com Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.