Do We Need More Than One Credit Card?

As a function of this card, credit card is a debt card. Or we have a credit card just only for a life style. What do you do with your credit card, for business or for consumption. I start this topic before the tittle of this hub. Do we need a credit card? As a businessman, this card is important. Instead of cash. For business on the internet, sometimes we need this card. for buying a hosting and domain, buying product by online, Paypal verification, and many more. Or we use this card for consumption like buying unimportant stuff, trap with great sale, card promotion with %0 interest. So we don't realize using this card. And then the debt facing us. How about loan? we have to consider first.

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Back to topic. Do we need more than one credit card? I had seen on my television about this topic on Oprah Winfrey Show. This show tell me about many people or family in United States having one credit card. So with many credit card they have, they can't pay the debt. And their family become bankrupt. Wow...... amazing. I don't imagine that I have more than one credit card. How much money do I pay for the debt plus interest for those card. I think this is a lot of money. We talk about big money.And then Oprah invite the people of United States join the "debt diet" program. The program tell about track your spending and find the extra money. Learn to play the credit card game. Stop spending. Prioritize your debt and raise your credit score and another program. But unfortunately, I don't follow the next step of this TV show, because I life in Indonesia. And the Oprah Winfrey Show is the recycle TV program, not life TV show. But from this show I can get many benefit. About having credit card more than one is not suitable for anyone that have not financial program. So they have many card just only for spending and spending. If an old card is time to pay the debt, they apply another card to pay the old card debt. this is very confusing and we are facing the new debt.

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From the case above. we have to be wise using the credit card. If we are rich person is not a problem. even we have hundred or thousand credit card. because we have Billion dollar in the bank. I think having one card or two is reasonable. And we have financial program about pay the debt on time without delay.Not hungry for shopping and using this card. Use the card wisely. for emergency things. Not using for consumption. and the important thing is saving and saving. If we have a plan and work, we get the benefits later. We can teach to our children about saving. This is just side effect. How about all of you? do you have more than one credit card? let's share together.I like to hear you about this topic.Please comment.

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Comments 19 comments

judydianne profile image

judydianne 7 years ago from Palm Harbor, FL

A good book to read is TOTAL MONEY MAKEOVER by Dave Ramsey. He believes in having an emergency fund and paying cash for everything, except your home, no credit cards. I have only 1 credit card.

prasetio30 profile image

prasetio30 7 years ago from malang-indonesia Author

thanks Judy. I try to find this book and read it. You give me another option.

Balinese profile image

Balinese 7 years ago from Ireland

im happy with one credit card in my life and always pay it full every month - great info thou ;))

Storytellersrus profile image

Storytellersrus 7 years ago from Stepping past clutter

prasetio30, I agree that one card is enough. Consider this: if I am unable to bring one credit card below the minimum, I owe $35 extra. If I am unable to bring ten credit cards below the monthly minimum I owe $350! If I pay late on one card, I might owe $40 in late fees. If ten credit card companies somehow lose my payment in their office space- seems to happen frequently- and don't apply it to my bill until after the due date, I owe $400. These amounts are attached to my balance and suddenly I am paying interest on these amounts, which at 29.99% adds up significantly. ONE CARD RULES!!!!!!!!! lol.

prasetio30 profile image

prasetio30 7 years ago from malang-indonesia Author

thanks Balinese and Storytellersrus for comment. With having more than one card is increasing our responsibility in those card, more interest to pay. Without delay...I agree with both of you.

robertsloan2 profile image

robertsloan2 7 years ago from San Francisco, CA

My view on credit cards is that it's a lot of money unless you are so self disciplined that you treat it as if it was a debit card, never buying anything more than you can afford. Some people can cheat the credit card company of all their fees and interest that way.

But then medical debt can leave people trapped in immense debt anyway paying so much in interest and fees that they are ruined. I don't use a credit card and don't want one. I use a debit card because that doesn't cost anything and is more convenient than checks.

Keeping track of multiple credit cards is a way of getting in debt so deep people don't realize it. Saving money and spending less is a way to get ahead.

prasetio30 profile image

prasetio30 7 years ago from malang-indonesia Author

I think you are good in financial planing. In this situation, with global economic crisis. We have to be good in money management. If credit card is not suitable us, better way to use debit card. I think both of them have the same function as a replace of cash money. Back to the function. We have to disciplined ourself like you.Saving is the best.Thanks Robert, for your suggestion.

agusfanani profile image

agusfanani 7 years ago from Indonesia

Although I can manage, I prefer to have one. More credit cards more problem for me.

ethel smith profile image

ethel smith 7 years ago from Kingston-Upon-Hull

I try to only have one active credit card and maybe one in reserve.

prasetio30 profile image

prasetio30 7 years ago from malang-indonesia Author

thanks Agus and Ethel for comment. I think when we have responsibility to pay the bill and interest is not problem. but when the delay is happen....that's become a problem. So choose the right thing for us.

Lady_E profile image

Lady_E 7 years ago from London, UK

Another interesting Hub. Personally, 2 is Good. One for normal things and one only for emergencies. (Not for clothes, shoes or Bling Bling).

I normally hide the one I use for Emergencies but annoyingly, when there is an emergency it takes me hours to find the card because I've hidden it so well and can't remember where. Lol.

prasetio30 profile image

prasetio30 7 years ago from malang-indonesia Author are nice person. I think you are good on financial planing. until you hide your second card. And difficult to find it when you need this card. Funny experience. But two thumbs up for you. You can use your credit card wisely. thanks for comment.

mulberry1 profile image

mulberry1 7 years ago

It is best to have just one. I use mine more like a debit card, I pay it off each month and pay NO interest. It's deadly otherwise.

Lgali profile image

Lgali 7 years ago

interesting Hub good info thanks

prasetio30 profile image

prasetio30 7 years ago from malang-indonesia Author

thanks Mulberry and Lgali for visiting and comment to my hub. The safest way is using debit card. Because it using our money in the bank.

Rebecca E. profile image

Rebecca E. 6 years ago from Canada

excellent questions, great work stumbled upon.

prasetio30 profile image

prasetio30 6 years ago from malang-indonesia Author

Thanks Rebecca for coming to this hub. I hope this hub useful for us.

Miguel Hale 4 years ago

Thanks for the concepts you are discussing on this web site. Another thing I would really like to say is that often getting hold of some copies of your credit rating in order to inspect accuracy of each and every detail could be the first motion you have to undertake in repairing credit. You are looking to clean up your credit reports from dangerous details problems that screw up your credit score.

prasetio30 profile image

prasetio30 4 years ago from malang-indonesia Author

Hi, Miguel Hale. Thank you very much for coming and share your thought about credit card. I'll check your link. Take care!

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