According to a Credit Karma report, the average American has 2.5 credit cards. Some have two; for others, it’s three. Of course, outliers may have more or less.
There’s no perfect answer like so many other things in life because personal finance is personal. Keep reading to learn about the pros and cons of how many credit cards fit your budget and lifestyle.
It ultimately comes down to your financial situation and spending habits. You must consider your income, ability to pay bills on time, budget, and money habits.
It’s a personal decision based on your financial situation and money habits. Not owning a credit card is acceptable. In other cases, holding three cards works best.