New Delhi, Aug. 4 -- Managing multiple credit cards can appear to be challenging, still with the correct approach and proper planning, you can keep your credit profile safe. Such practices will never harm your credit score. On the contrary, having several credit cards can be beneficial if handled responsibly.

Sumit Sharma, Founder of Radian Finserv, explains, "Having multiple credit cards doesn't necessarily harm your credit score-in fact, if managed responsibly, it can work in your favour. The key is to maintain a low credit utilisation ratio, ensure timely payments on all cards, and avoid applying for too many new cards at once."

One of the most crucial factors to consider when managing multiple credit cards is your credit utilisation...