It is not wise
to have more than two credit cards in use. What to do with
your excess cards? Copy them, cut them up, then return the
copies to their respective companies marked, "cancel
this credit card". It does not count if you place them
in a safe deposit box or a dresser drawer.
Be sure to verify all costs associated with your credit
card. Some credit cards have very high hidden costs. Some
credit cards will charge an over-the-limit fee (after allowing
you to go over your limit), in addition to a late fee charge.
These fees can be excessive. Many credit card companies start
with a low initial interest rate and increase it at a later
date. This is okay, just be sure that the increased rate
is published, and is reasonable before you obtain your card.
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