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Question 20

Over time, credit cards have gone from a convenience tool to a complex part of personal finance. They can build credit, provide fraud protection, and unlock valuable rewards — but they also come with risks like debt, interest, and fees. By the time you’ve worked through this quiz, you’ve touched on the history, mechanics, and strategies of smart credit card use. One final concept is knowing how many cards to carry. Some people manage dozens of cards for rewards, while others stick to one or two for simplicity. The right number depends on your ability to manage payments, track spending, and avoid debt. Having multiple cards can help with utilization and rewards, but too many accounts can be overwhelming.

What’s the best general guideline for deciding how many credit cards to carry?

Did You Also Know...

By Wise Wallet

Rules for student loans and forgiveness programs change periodically, so borrowers should confirm current eligibility and program details.