New Delhi, March 20 -- The trend of individuals holding multiple credit cards has seen growth in the recent past. Infact, people who use credit cards extensively for their benefits maintain a credit card portfolio just like an investment portfolio. They review the portfolio regularly to evaluate which existing cards to close and which new credit cards to add.

While holding multiple credit cards can help you enjoy more benefits, you must be mindful of how they can impact your credit score. In this article, we will understand why people hold multiple credit cards, their pros and cons, and their impact on the credit score.

Every credit card has its unique features and benefits. Usually, it is unlikely that a single credit card will meet al...