Credit Card Tips: How to manage more than one credit card so that your CIBIL score remains on top..

The use of credit cards i.e. plastic money has increased a lot. This makes things like shopping and bill payment very easy. Along with this, cashback and reward points are also available. That is why many people also keep more than one credit card. But, it is important to keep some things in mind when you have more than one credit card, only then you will be able to take good advantage of it.

Take care of the card limit
You should be aware of the limit of all your credit cards. According to experts, you should spend a maximum of 30 percent of the credit card limit. If you spend more than this, the bank feels that your dependence on debt is very high. This can also affect your credit score.

Never miss the due date.
If you have more than one credit card, it is most important to keep track of the due date. Therefore, it is important that you set a reminder of the due date of all the cards. If you miss the due date, you will have to pay a huge interest. Also, your credit score will be badly affected. To avoid this, you can also enable autopay.

Avoid minimum dues
Many people pay only the minimum dues instead of paying the full credit card bill. If you are in a financial crunch, you can do this occasionally. But, do not make it a habit. If you always pay the minimum dues, then the burden of debt will increase on you and you can also get trapped in a never-ending debt trap.

Take advantage of cashback rewards
You get cashback and reward points on transactions through credit cards. Use them as much as possible in a better way. This can help you save a lot of money while shopping. However, you should avoid unnecessary expenditure in the pursuit of more cashback and reward points.

Use cards as little as possible.
If your work is being done with just one credit card, then do not bother to keep more cards just for the sake of showing off. There is no sense in this. The fewer the credit cards you have, the easier it will be to manage. Also, applying for multiple cards can spoil your credit score.