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How many credit cards one can use safely without hurting credit score CIBIL

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  1. #1
    Deepali Mohite
    Deepali Mohite is offline Newbie

    How many credit cards one can use safely without hurting credit score CIBIL

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    I have 3 credit cards out of which 2 are in use and 1 is lying just like that. Is it ok if I close that?

  2. #2
    Aarish Rizvi's Avatar
    Aarish Rizvi
    Aarish Rizvi is offline eTI Bronze
    Too much credit is considered bad, credit card is also a form of CREDIT source. So, from the basic rules, always keep minimum credit card. Instead of 2 credit card with 1 lakh limit each, have one with 2 lakh limit. And definitely keeping 1 lying may hurt your CIBIL score as you may been seen as credit hungry.

    Hope you know what you asked for.

  3. #3
    Shourya Sharma
    Shourya Sharma is offline Newbie
    Thanks Aarish, even I didn't know this. Though I am yet to have credit card but I now know that for good credit score you should have minimum credit card.

    Thanks Arish for sharing such incredible knowledge.

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