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Picklebobble2 · 56-60, M
Economists would say no.
Economic theory suggests that if you have one credit card and keep well within it's limit, you should then look around for another that gives 0% interest on balance transfers.
Apply for the second card; transfer the balance from the previous card and pay only what you've spent without interest added, on the second.
But the trouble with theories is that they're impossible to live up to !
So is it foolish to have more than one active credit card ?
YES !
Economic theory suggests that if you have one credit card and keep well within it's limit, you should then look around for another that gives 0% interest on balance transfers.
Apply for the second card; transfer the balance from the previous card and pay only what you've spent without interest added, on the second.
But the trouble with theories is that they're impossible to live up to !
So is it foolish to have more than one active credit card ?
YES !