Monica Eaton, Founder and CEO of Chargebacks911, was asked to weigh in for a recent feature with writer Erica Lamberg for CardRatings.com.
The folks at CardRatings.com are dedicated to providing the most up-to-date news and trends within the credit card space. Their team of financial experts have provided comprehensive and unbiased credit card reviews to help everyday cardholders feel more confident about their card choices since 1998.
Ultimately, it’s best to have no more credit cards than you can manage responsibly. “Some people just can’t handle more than one credit card. They’re too careless,” Monica says in the piece. “Asking them to keep track of one credit card is hard enough; if you ask them to keep an eye on three or four of them may be too overwhelming.”
Those that struggle in this department might want to consider limiting themselves to only one card for online purchases. Not only will this make it easier to track spending, but it also helps protect against fraud.
“Helping consumers simplify their budgeting is just one-half of the equation,” adds Monica. “The other major benefit is that using one card for online purchases limits your exposure to digital fraud. In essence, it’s a risk-mitigation strategy.”
