There are benefits to having multiple credit cards such as building up your credit score, cash back rewards, or even frequent flyer miles. It is important to know how to successfully manage multiple credit cards to avoid sinking your credit.
Having multiple credit cards also means greater responsibility to manage and pay back multiple bills on time. Failure to make credit card payments on time can have a significant negative impact to your credit score.
Paying off multiple credit cards involves a sound strategy around monitoring the usage of each card and keeping track of important dates such as payment due dates.
