Is Your Credit Score Affected by Several Credit Cards?

Category: Finance

In the credit-incentivized economy that we live in today, it’s not uncommon for people to possess multiple credit cards, used for convenience, for rewards and for credit building. But one question still comes up a lot: Does having a lot of credit cards hurt your credit score? The speculation cannot be deemed an easy yes or no. It all depends on how you’re managing those cards. Let’s break it down.