{"id":18500,"date":"2022-02-27T19:00:00","date_gmt":"2022-02-27T11:00:00","guid":{"rendered":"https:\/\/www.comparehero.my\/blog\/uncategorized\/more-than-one-credit-card.html"},"modified":"2026-03-26T16:00:18","modified_gmt":"2026-03-26T08:00:18","slug":"more-than-one-credit-card","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/credit-cards\/more-than-one-credit-card.html","title":{"rendered":"Should You Have More Than One Credit Card?"},"content":{"rendered":"\n<p>In today&#8217;s era of <a href=\"https:\/\/www.comparehero.my\/e-wallet\/articles\/best-ewallet-malaysia\" target=\"_blank\" rel=\"noopener noreferrer\">digital and cashless transactions<\/a>, credit cards became a way of life. The big question is &#8211; should we have multiple credit cards?<\/p> \n<!--more--><h2>Is it good to have multiple credit cards?<\/h2> \n<p>The most common school of thought will say NO since the <a href=\"https:\/\/www.comparehero.my\/credit-card\/articles\/credit-card-101-basics\" target=\"_blank\" rel=\"noopener noreferrer\">credit card<\/a> is always associated with mounting debts. However, this only applies to people who are compulsive spenders. &nbsp;<\/p> \n<p>If you\u2019re a wise spender with self-control over money matters, then YES &#8211; having multiple credit cards will actually bring more benefits than harm. Read on to find out why. &nbsp;<\/p> \n<h2>More cards, more benefits<\/h2> \n<p>Having multiple credit cards allow you to enjoy more benefits from different cards!<\/p> \n<p>For example, AEON Classic Mastercard offers 2x Points per RM1 spent at AEON Stores, while ALLIANCE Bank Gold Visa offers 2X Timeless Bonus Points for overseas expenditure. So if you\u2019re a person who shops frequently at AEON Stores and also travels often, you\u2019ll have the best of both worlds with these separate cards!<\/p> \n<p><strong>Related:&nbsp;<\/strong><a href=\"https:\/\/www.comparehero.my\/credit-card\/articles\/credit-card-101-basics\" target=\"_blank\" rel=\"noopener noreferrer\">5 Tips To Get The Most Out Of Your Credit Card<\/a><\/p> \n<h2>Contributes to credit score<\/h2> \n<p>Contrary to popular beliefs, having more than one credit card can actually help your <a href=\"https:\/\/www.comparehero.my\/banking-finance\/articles\/guide-credit-score\" target=\"_blank\" rel=\"noopener noreferrer\">credit score<\/a>. How? Simply by keeping your debt utilization ratio low, when you spread out your purchases across numerous cards rather than one.<\/p> \n<p>Keep in mind though, having multiple cards might also cause more harm to your credit score if you maxed out the cards or have a high amount of unsettled debts. So be mindful!<\/p> \n<p><strong>Related:&nbsp;<\/strong><a href=\"https:\/\/www.comparehero.my\/banking-finance\/articles\/credit-score-myths\" target=\"_blank\" rel=\"noopener noreferrer\">Don\u2019t Fall For These 5 Credit Score Myths!<\/a><\/p> \n<h2>Backup and emergency<\/h2> \n<p>There might be a time in your life, that your card\u2019s lost or stolen. When that happens, your one and only source of cashless payment will be unavailable.<\/p> \n<p>Another scenario is that, you might land yourself in an emergency situation where you\u2019ll <a href=\"https:\/\/www.comparehero.my\/credit-card\/articles\/ways-using-credit-card-save-money\" target=\"_blank\" rel=\"noopener noreferrer\">need more money than your credit limit<\/a>. For example, your loved one might have a medical emergency not covered by insurance. So you have to pay for hospitalization fee of RM10,000.<\/p> \n<p>Unfortunately, your credit limit is RM5,000 and you don\u2019t have much cash lying around. In such circumstance, having more than one credit card will help &#8211; all you need to do is pay the other RM5,000 from the second card without a problem.<\/p> \n<p>Therefore, to prepare for possibilities like these, it&#8217;s good to have more than one credit card.<\/p> \n<p><strong>Related:&nbsp;<\/strong><a href=\"https:\/\/www.comparehero.my\/money-tips\/articles\/emergency-fund\" target=\"_blank\" rel=\"noopener noreferrer\">Everything You Need To Know About Emergency Fund<\/a><\/p> \n<h2>Pay debts with balance transfers<\/h2> \n<p>A balance transfer is an act of moving debts from one credit card to another. By doing this, you can take advantage of lower interest rates to <a href=\"https:\/\/www.comparehero.my\/credit-card\/articles\/when-is-the-best-time-to-pay-credit-card-bill\" target=\"_blank\" rel=\"noopener noreferrer\">pay off your debts<\/a>. As compared to personal loans, balance transfers have a shorter period thus help you to pay off debts at a quicker rate.<\/p> \n<p>Unsure where to start? No worries, we compiled a list of banks with the best transfer plans: <a href=\"https:\/\/www.comparehero.my\/credit-card\/articles\/best-balance-transfer-malaysia\" target=\"_blank\" rel=\"noopener noreferrer\">The Best Balance Transfer Plans in Malaysia<\/a>.<\/p> \n<p><strong>Related:&nbsp;<\/strong><a href=\"https:\/\/www.comparehero.my\/personal-loan\/articles\/balance-transfer-vs-debt-consolidation-loan\" target=\"_blank\" rel=\"noopener noreferrer\">Balance Transfers Vs Debt Consolidation Loan: Which Is Better In Helping You Clear Your Debt?<\/a><\/p> \n<h2>The dark side<\/h2> \n<p>Though having more than a card is mostly beneficial, but everything comes with a dark side &#8211; especially if we\u2019re not careful! Therefore we\u2019d also like to warn you about the potential dangers of owning multiple cards.<\/p> \n<p>Firstly, although your credit score won\u2019t be hurt, card issuers might deny your future card applications because you&#8217;ve applied for numerous cards already. It\u2019s because, for some card issuers, it\u2019s an indication that you might face difficulty paying off your monthly payments.<\/p> \n<p>Secondly, if you don&#8217;t have a <a href=\"https:\/\/www.comparehero.my\/money-tips\/articles\/financial-tips-for-gen-z\" target=\"_blank\" rel=\"noopener noreferrer\">proper financial plan<\/a> or stable monthly income, owning multiple credit cards will be a stressful chore. You\u2019ll be in danger of drowning in debt due to this, so always make sure that you have it all planned out before applying for more cards.<\/p> \n<h2>How many credit cards should you have?<\/h2> \n<p>So, how many credit cards should you get?<\/p> \n<p>There\u2019s actually no formula as to what\u2019s the best number of cards to have. In fact, <a href=\"http:\/\/www.guinnessworldrecords.com\/world-records\/68577-largest-collection-of-valid-credit-cards\" target=\"_blank\" rel=\"noopener noreferrer\">Walter, a man from California USA<\/a> is the Guinness World Record holder for owning the most credit cards &#8211; 1,497 cards to be exact. Surprisingly too, he didn\u2019t have any huge debts and his credit score is nearly perfect!<\/p> \n<p>He might be an extreme example, but this shows that at the end of the day, it&#8217;s up to your own wise discretion and judgement on how many cards you can handle. If you\u2019re still worried about overspending with multiple cards, learn how to use credit cards responsibly <a href=\"https:\/\/www.comparehero.my\/credit-card\/articles\/use-credit-cards-responsibly\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<br> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today&#8217;s era of digital and cashless transactions, credit cards became a way of life. The big question is &#8211; should we have multiple credit cards?<\/p>\n","protected":false},"author":268230141,"featured_media":1156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[433],"tags":[],"class_list":["post-18500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-cards"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Should You Have More Than One Credit Card? - CompareHero<\/title>\n<meta name=\"description\" content=\"In today&#039;s era of digital and cashless transactions, credit cards became a way of life. 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Find out what are the reasons for you to choose an AEON credit card. First of all, to give you a\u2026","rel":"","context":"In &quot;Money Tips&quot;","block_context":{"text":"Money Tips","link":"https:\/\/www.comparehero.my\/blog\/money-tips"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2018\/03\/Supplementary-Card-26.png?fit=1004%2C733&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2018\/03\/Supplementary-Card-26.png?fit=1004%2C733&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2018\/03\/Supplementary-Card-26.png?fit=1004%2C733&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2018\/03\/Supplementary-Card-26.png?fit=1004%2C733&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":17749,"url":"https:\/\/www.comparehero.my\/blog\/credit-cards\/best-shopping-credit-cards.html","url_meta":{"origin":18500,"position":1},"title":"6 Best Shopping Credit Cards For Malaysians In 2022","author":"CompareHero","date":"17 February 2022","format":false,"excerpt":"Are you an avid shopper who is looking for the best credit card to gain extra rewards and benefits? In this article, we listed 6 credit cards both for online and offline shopping you might need as a shopaholic. Now, don\u2019t get us wrong when we talk about shopping cards.\u2026","rel":"","context":"In &quot;Credit Cards&quot;","block_context":{"text":"Credit Cards","link":"https:\/\/www.comparehero.my\/blog\/credit-cards"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/best-shopping-credit-cards.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/best-shopping-credit-cards.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/best-shopping-credit-cards.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/best-shopping-credit-cards.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/best-shopping-credit-cards.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17778,"url":"https:\/\/www.comparehero.my\/blog\/credit-cards\/ways-using-credit-card-save-money.html","url_meta":{"origin":18500,"position":2},"title":"6 Ways Using A Credit Card Helps You Save Money","author":"CompareHero","date":"22 June 2021","format":false,"excerpt":"If you are more careful on your credit card usage, you can actually save more money and at the same time, earn more benefits. 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There are plenty of AEON stores all around Malaysia, this includes AEON, Big AEON, AEON MaxValue, AEON Wellness, and others. Here you can conveniently shop for luxury items, groceries, essential goods, and many more. 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When used correctly, you might discover that credit cards pose many benefits that you can take advantage of. 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