I found this article is very useful for all of us. Especially the credit card industry is growing in our country. The requirement to own a credit card has become lower and lower. There are many debates going on this issue in the coutry. Whether the bank should higher the requirement or not. Take a look at the article below, it’s a good advice for those who own many credit card.

New York (MarketWatch): The average American holds five different credit cards, according to the American Bankers Association.

Having a bunch of unused cards do not add benefit the holder, and can also increase the risk of identity theft.

More importantly, home and auto lenders in particular worry if you have cards with large, open lines of credit. Their concern is that you may fill those lines and then have trouble paying your other debts.

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