{"id":437,"date":"2020-06-16T22:20:47","date_gmt":"2020-06-16T18:20:47","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=437"},"modified":"2020-06-17T00:01:41","modified_gmt":"2020-06-16T20:01:41","slug":"how-many-credit-cards-can-a-person-hold-in-uae","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/how-many-credit-cards-can-a-person-hold-in-uae\/","title":{"rendered":"How Many Credit Cards Can a Person Hold In UAE?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Ever wondered about the <strong><a href=\"https:\/\/moneymall.ae\/credit-blog\/managing-multiple-credit-cards\/\">number of credit cards<\/a><\/strong> a person can own in UAE? Well, the answer is as many as they want! A person can own multiple credit cards as per their convenience. But, as the luxury of owning multiple credit cards enables their chances of more rewards, it also doubles their chances of increasing their debt parallelly. So, let\u2019s find out more about, how many credit cards a person can legally own in the UAE and how many credit cards should they optimally have&#8230;<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23373bb9ff4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23373bb9ff4\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/how-many-credit-cards-can-a-person-hold-in-uae\/#How_many_cards_should_a_person_have\" >How many cards should a person have?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/how-many-credit-cards-can-a-person-hold-in-uae\/#Multiple_credit_cards_and_your_credit_score\" >Multiple credit cards and your credit score<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/how-many-credit-cards-can-a-person-hold-in-uae\/#Advantages_of_having_multiple_credit_cards\" >Advantages of having multiple credit cards<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/how-many-credit-cards-can-a-person-hold-in-uae\/#Disadvantages_of_having_multiple_cards\" >Disadvantages of having multiple cards<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/how-many-credit-cards-can-a-person-hold-in-uae\/#Overview\" >Overview<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p style=\"text-align: center;\"><strong><em>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/managing-multiple-credit-cards\/\">7 secrets of managing multiple credit cards, revealed!<\/a><\/em><\/strong><\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"How_many_cards_should_a_person_have\"><\/span><b>How many cards should a person have?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">According to recent surveys conducted in the United Arab Emirates, More than 60% of the survey respondent UAE Residents are credit cardholders. According to estimates, there are millions of credit cards in circulation in the United Arab Emirates itself. Credit cards are so widely used by customers and consumers because of the various rewards policies they offer. These rewards are offered by credit card companies to their customers to use their credit cards. The benefits that a cardholder can get range from the movie offers to shop benefits, from cashback offers to points redemption and more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Getting to the question, there is no limit as per the number of credit cards that a person can hold. However, their owning of credit cards highly depends on their income and their credit score. If a person knows how to use credit cards well and manage all of them together, then there is no legal limit as to how many credit cards they can hold.<\/span><\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Multiple_credit_cards_and_your_credit_score\"><\/span><b>Multiple credit cards and your credit score<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">There are a lot of myths revolving around credit scores and multiple credit cards. They are, in fact, very much related, but what customers need to understand is that merely owning multiple credit cards does not decrease your credit score. Late payments, missed payment deadlines, and prolonged defaults and debts with the bank or the credit card company cause your score to go down drastically. If you make sure that you pay all your cards off on time and never miss a deadline, your credit score will only grow without ever looking back!<\/span><\/p>\n<p style=\"text-align: center;\"><strong><em>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/balance-transfer-credit-cards-effects-credit-score\/\">5 things you didn\u2019t know about balance transfer Credit Cards and its effect on credit scores<\/a><\/em><\/strong><\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Advantages_of_having_multiple_credit_cards\"><\/span><b>Advantages of having multiple credit cards<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Having multiple credit cards increases your credit limit. If your credit card company refuses to <strong><a href=\"https:\/\/moneymall.ae\/credit-blog\/balance-transfer-credit-cards-effects-credit-score\/\">increase your credit limit<\/a><\/strong> for your monthly expenses, it is a good idea to look for other credit lines to fulfil your expenses<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Having multiple credit cards opens you up to many different types of rewards. Many cards only offer discounts on selected brands and purchases. Thus, having multiple cards from different companies will expand your rewards reach to more and more brands with different policies and awards<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Credit scores might benefit a lot. If you exhaust your credit limit on your single card all the time, the card will incur damages on your credit score. It is optimal to only spend 30-40% of your credit card limit every month to ensure that your credit score only keeps growing. Having multiple cards can help you do that. Your expenses can be divided between these cards and you won\u2019t have to use up the entire limit of any one of the cards.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Consolidation of your business and personal expenses can also be separated by using two cards. For entrepreneurs and businessmen, it is very important to separate the personal expenses from the private ones. Having two different accounts is the trick.<\/span><\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong><em>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/minimum-salary-for-a-credit-card-uae\/\">What Is The Required Minimum Salary For a Credit Card In UAE ?<\/a><\/em><\/strong><\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Disadvantages_of_having_multiple_cards\"><\/span><b>Disadvantages of having multiple cards<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">For people who are too busy to pay close attention to their monthly credit card bills and credit reports, having multiple credit cards might seem like an ordeal. Managing multiple credit cards requires many times more energy than managing a single card. These expenses need to be tracked meticulously to make sure you don\u2019t end up paying hefty interest on your outstanding amount<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A survey found that 60% of all credit card holders did not know what their rate of interest was. Thus, it is very important to keep accurate track of these cards to manage them well and extract all benefits of the same<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Having too many credit cards will increase your monthly personal credit limit drastically. This will inadvertently tempt you to spend more and buy things that you cannot afford otherwise. At the end of the month, when you get handed your monthly credit bill, you will find that you have spent more than you can earn. This will keep a balance outstanding on your card for the next month too. All in all, you will have to pay more to the bank than what you actually spent in the first place.<\/span><\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong><em>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/11-best-metal-credit-cards-in-uae\/\">11 Best Metal Credit Cards in UAE<\/a><\/em><\/strong><\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Overview\"><\/span><b>Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">All in all, there is no limit on how many cards one individual can possess. Rather, it depends on individual-to-individual what their requirements are. It is completely up to the cardholder how they use and maintain their share of the credit. Experts suggest that it is better to not have more than one credit card because multiple credit cards are troublesome, even more so if the cards are from different credit card companies or banks. It is better, hence, to maintain one credit card to manage your financial faculties well.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever wondered about the number of credit cards a person can own in UAE? Well, the answer is as many [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[119,60,59,121,120],"class_list":["post-437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-cards","tag-advantages-of-having-multiple-credit-cards","tag-credit-card","tag-credit-cards-uae","tag-how-many-credit-cards","tag-multiple-credit-cards"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=437"}],"version-history":[{"count":6,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/437\/revisions"}],"predecessor-version":[{"id":589,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/437\/revisions\/589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/469"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}