Why do people have/use multiple credit cards?

People get multiple credit cards for the incentives like frequent flyer miles for flights and points for hotel stays, that way you can use your everyday spending habits to travel for free. read more

There are various reasons for this. I have personal credit cards, and credit cards for my corporation. This is necessary in order to maintain the separation of personal and business expenses. read more

Ideally, this card would have no annual fee, a high credit limit and a low interest rate. TUTORIAL: Credit Cards: Pros And Cons. The Bottom Line There are many benefits to having multiple credit cards, but only if you manage them correctly. read more

Having multiple credit cards means you have to work harder to manage them. Missing due dates or paying the wrong amount to the wrong card can result in costly late fees. Multiple missed payments can lead to increased interest rates and hurt your credit score. If you have multiple credit cards, you may end up with cards you don’t use. read more

5) In some rare cases, people use the credit cards to juggle debt -- using one card to pay off another to avoid interest, gaming the rewards system by juggling said debts, etc. 6) More often than 5), people use credit cards to extend their ability to spend. read more