MANILA, Philippines - Most people seem to think that using a credit card equates debt – and it does, if used irresponsibly.
Responsible use of a credit card basically means being able to pay the bills on time and in full (unless the item is on layaway), so if you have multiple credit cards all at the same time, you might find it difficult to manage at times.
There are certain advantages that come with having more than one credit card. On the flipside, there are also disadvantages that come with it. You may think that a credit card is a gateway to all kinds of things, but it can also be a gateway to all kinds of bad debt.
They say it takes a particularly responsible person to handle a credit card, much more for two or more cards with each of their own credit limits.
Before you apply for an additional card, you might want to take a look at the pros and cons of having more than one credit card in your wallet.
