If I have a Merit Bank credit card, do I need to... - Other Questions


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Credit Card Applications » Questions » User Questions » Other » If I have a Merit Bank credit card, do I need to carry any other type of credit card, or can I use this for...

If I have a Merit Bank credit card, do I need to carry any other type of credit card, or can I use this for all my credit card needs?

Answered on | Updated on December 15th, 2016
The content is accurate at the time of publication and is subject to change.

The average household has more than two credit cards, and many people actually carry five or more credit card accounts. So as you can see, there’s really no reason to limit yourself to just one type of card. The card you have may be fine for everyday purchases, but is it offering you good rewards, like concierge service, car rental insurance, frequent flyer miles, hotel points, or cash back? If it isn’t, consider applying for a rewards card that offers some – or all – of these features. Remember a couple of things, though. Before you start applying for more credit, take a look at your credit report. If it’s looking good, then don’t worry. Go ahead and apply. But it your score is suffering, in need of some rehab, then take some time to get it healthy again before applying for another card. And second, don’t cancel your existing card or close your account. You want to have as long a credit history as possible, so take care to keep all your old accounts open, active, and in good standing.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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