Having multiple credit cards lets you separate spending by category like travel, groceries, or business. This helps you earn different rewards such as cashback, miles, or points on each type of expense. It also improves your credit utilization ratio by increasing the total credit available, boosting your credit score. But managing multiple cards requires discipline to avoid overspending and missed payments.
Tip: Keep utilization under 30% for a healthy score.
Multiple credit cards can boost rewards — but only if you do this right
