1, credit cards basically have an annual fee, although all have a policy of annual fee waiver, for example, CCB can be waived as long as you swipe three times a year; but you did not swipe the card to reach the number of times specified by the bank in a year, you need to charge an annual fee.
2, too many credit cards, the total credit limit will increase accordingly, and even the amount of too high, and the cardholder repayment ability does not match the phenomenon. Some cardholders have little self-control and like to overspend, overdrawing their credit cards in large quantities, resulting in oddly high bills and an inability to repay.
3. The China Payment Clearing Association has issued the "Guidelines for Risk Control and Security Management of Bank Card Business", which requires banks to strictly control the situation of one person having multiple cards and over-credit, and cardholders applying for credit card overdrafts that are much higher than the level of their personal incomes will be blocked. Therefore, if the number of credit cards is too high and the total credit limit is too high, it will be difficult to apply for a credit card again, and even applying for a loan will receive some influence.
4, too many credit cards, day-to-day management is not convenient, a lack of attention is easy to lose. Cardholders will have to spend a lot of money on lost and found fees to get their cards back. If you lose your credit card, you are at a higher risk of having it stolen.
5, brush more than one credit card, repayment itself is very troublesome, easy to not timely repayment of late. Once you're late, you'll incur late interest, late fees and other charges, and even affect your credit history.
Expanded Information:
Consequences of late credit card payments:
1. incurring a default penalty, usually the minimum payment, 5% of the unpaid portion.
2, high interest, and interest rolling, the interest rate is very scary when you owe a lot of money.
3. Late payment will tarnish the credit record, resulting in financial needs such as buying a house or taking out a loan not being processed for the next 2 years.
4, overdue more than 3 months did not pay, and the amount of more than 10,000, the bank repeatedly urged unsuccessful, then need to bear not only to pay back the money, but also may bear criminal responsibility.
Baidu encyclopedia: credit card