New Delhi, June 11 -- Credit cards can be good and bad. A new card has a new financial obligation, in addition to more purchasing power. What is an acceptable limit for the number of credit cards to have too many and too few? Each individual has an ideal number, depending on their goals, lifestyle, and financial discipline. Together we can straighten out this complicated question and help you find that balance.

A credit card is a representation of your credit worthiness and not just a transactional tool. Depending on how you use them, you can have a number of cards, which can raise, or lower your credit score.

Everyone has a unique situation. For most, two to three cards well managed can supply a good balance of simplicity and benefits....