Basic knowledge of credit card terms such as interest rates, rewards, and payments is crucial for responsible usage. Negotiating interest rates can be possible if you have a good history with your bank. Missing a payment may result in losing certain rewards or promotional rates, depending on the credit card's policies. It is advisable to make payments frequently, as banks accept multiple payments. The ideal number of credit cards differs for individuals, but having more than one and fewer than five is generally recommended.
You can try to negotiate your credit card interest rate, but it all depends on your history with the bank, including your payment history.
Different credit cards have varying policies regarding reward points. You could lose promotional rates and rewards if you make a late or missed payment.
Banks are happy to accept as many credit card payments as you want to send, as long as you meet the minimum payment amount.
There isn't a one-size-fits-all answer on how many credit cards you should have, but ideally, it is recommended to have more than one and fewer than five.
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