Many people survive with no credit cards, so the answer to the question “How many credit cards do you need?” is zero. You can survive without credit cards.
However, if you frequently travel and need a credit card to book a hotel room, or if you use a credit card for making purchases on-line, one credit card is acceptable. Choose a card that has low fees, and perhaps earns points or other discounts, and be sure you repay it in full each month.
Some people will also have a credit card for business use, or as a back-up in the event that their primary credit card company is experiencing technical difficulties. In that case two credit cards may be acceptable.
There is seldom a need to have more than two credit cards, because it increases the temptation for you to spend more, and that’s not good.
So look in your wallet, and if you are carrying a balance on any credit cards, consider your debt repayment options, and then cancel any credit cards you no longer require.
