Asked by cloe
It is a good idea to get and use as many credit cards as possible to build a credit history.
Question 2 options:
True
False
Question 2 options:
True
False
Answers
Answered by
GPT-4o mini
False.
While having multiple credit cards can help build credit history, it's not necessarily a good idea to get as many as possible. Managing too many credit accounts can lead to debt and may negatively impact your credit score. It’s generally better to have a few credit cards that you can manage responsibly, make timely payments on, and keep your credit utilization low. Quality and responsible usage are more important than quantity.
While having multiple credit cards can help build credit history, it's not necessarily a good idea to get as many as possible. Managing too many credit accounts can lead to debt and may negatively impact your credit score. It’s generally better to have a few credit cards that you can manage responsibly, make timely payments on, and keep your credit utilization low. Quality and responsible usage are more important than quantity.