The use of credit cards in India is increasing rapidly. People use credit cards to manage their financial expenses. Many people use more than one credit card, but can the use of 2 credit cards be decided correctly. Let’s know what the experts say on this …
Many experts consider having two credit cards a good decision, because it can manage the expenditure. Also, the rewards can be increased to more and more. Experts also consider it a good way to manage financial conditions. Now they know the main three reasons, due to which the credit card can be more useful.
Reward and more profit
By having 2 credit cards, you can use each card strategically for different expenses. For example, one card can be used for grocery items or everyday essential things, on which cashback is received, while another card can be used for online shopping, travel or other categories.
Better credit score
Your credit score can be controlled with the help of two cards. By using two cards with responsibility, your credit use ratio can be reduced and you can also make instant payment of your bill. This can help maintain or improve your credit score, which is important for future loans or financial plans.
Extending flexibility in spending
The second credit card works as backup in case of your primary card being lost, blocked or being rejected. It also gives you the facility to separate expenses. The use of one card for everyday expenses and the other for high price or online transactions, which will reduce the risk of fraud and keep an eye on expenses.
Although having two credit cards, you can get reward, flexibility and better credit management, but it is necessary to take care. High interest rates, hidden fees and loans are real Paraneshani. Financial experts recommend to carefully consider its advantages and disadvantages before applying for another card and consult an expert.
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