The credit card market in India is expanding, with a sharp rise in spending by 10.8% year-on-year to Rs 1.84 trillion in January 2025, according to data from the Reserve Bank of India (RBI).
With banks like HDFC, SBI Card, and ICICI Bank offering specialised credit cards tailored to dining, shopping and entertainment, many people find it useful to own more than one card to maximise rewards.
In such a scenario, a common question arises: How many credit cards should you have?
The ideal number varies based on your financial situation, spending habits and ability to manage debt effectively. There’s no universal answer, but striking the right balance is key to maximising benefits while avoiding financial pitfalls.
