From building credit histories to being a lifesaver in emergencies, a credit card can be used for a number of reasons. And in some circumstances, having more than one can provide spending flexibility and freedom.
But is owning multiple credit cards a recipe for financial disaster or a clever way to get more bang for your buck? Well tell you what you need to know.
Why would someone own multiple credit cards?
While it might seem dangerous to own more than one credit card, it is a common practice among many Aussies. Some reasons a person might take out multiple credit cards include:
- To take advantage of a 0% purchase rate
- To earn more rewards points
- To pay off previous debt with a 0% balance transfer card
- To avoid foreign transaction fees …
Read the full article at: https://mozo.com.au/credit-cards/articles/having-multiple-credit-cards-financial-freedom-or-debt-disaster
