Question

Is it bad to have multiple credit cards?

Is it bad for your credit score and credit rating to have multiple credit card accounts open?

Answer 1

As long as you use the multiple credit cards responsibly and can pay the balance off on time then no having multiple credit cards is not bad.

Although applying for too much credit in a short time and trying to open multiple credit card accounts in that short time can affect and lower your credit score.

So avoid opening credit cards unless you really need to open the credit card account and only open credit card accounts that you're sure you can pay off.