Smart use of your credit cards is important, and it is not how many cards you possess.

If there are advantages to possessing many credit cards it is in their proper use, not in their dollars of potential credit.

Here's how credit cards work:

Banks cooperate with each other to closely to track their cardholders, and most banks want to know how many credit cards you now have before they issue one of their own.

Banks share computer files to trade cardholder information. When a bank discovers you have too many cards (each bank has their own policy on how many cards are