Benefits of two credit cards
In today’s digital era, how easy it has become to take a credit card, it is more important to handle it properly. Many people believe that keeping two credit cards increases the cost and the bill also becomes heavy. But if you use the card wisely, then it can become a deal of profit, not loss. Especially when it comes to the rewards, offers and credit score of both cards, they can be very useful for you.
You will get more reward points
If you have two different Credit card If you are, you can take advantage of the best offers of both. For example, with one card you can take good cashback on grocery or daily purchases, with another card you can earn more reward points on online shopping or travel. In this way you will have a large stock of reward points, which you can later use as a cashback or discount.
Credit score will be better
If you have two credit cards and you pay their bill on time, then it has a good effect on your credit score. By paying at the right time, banks and credit agencies promote your reliableness and give you better credit limit. It is easy to take a loan or apply for a new credit card.
Airport lounge will get access
If you have one of your two credit cards, then you can get a free entry in the airport lounge. Apart from this, during hotel booking, restaurant or flight you also get exclusive discounts and offers, which make both your trip and expenses easier. These small benefits can have a big impact on your pocket.
Expenditure gets better managed
The biggest advantage of keeping two credit cards is that you can easily manage your expenses. For example, if the money suddenly gets stressed, it becomes easy to fill EMI or bill with another card. This makes you feel less financial pressure and also helps in paying on time.
Crisis can increase debt
While there are many benefits of keeping two credit cards, if they are misused, then the problem can also increase. For example, if one card bill becomes a habit of repaying with another card, then you can get caught in the debt trap. Apart from this, many cards also have hidden charges, which can damage your finance. So always spend thoughtfully and pay the bill on time.