Some people carry a great number of credit cards with them. You can also significantly simplify the management of your personal finance by reducing the number of credit cards you own. If you chose the most common credit card company in your country you should be fine with one card only. Having one card only will have the following benefits:
- One statement only, so it is easy to check all payments made
- Less risk of overspending
- In case of loss of the card only one hotline to call
- A lean wallet
If you travel a lot or pay a lot for your business it might make sense to have a second card. Your primary card company might not be that strong in other countries. Especially with a corporate card from your company you should strictly separate private and business usage of credit cards although this might not be required by your company’s regulations. Keeping these accounts separate will allow you to easily match expenses for business and the reimbursement from your company.
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