Is is bad to own too many Credit Cards?

[danykhn2904]

I am 24 and already possess 4 credit card with good limits in them. I am getting calls and offers from various credit card companies and was thinking to add one more card in my collection. I am wise when it comes to using credit cards and have always paid bills on time since the beginning. Is there any number/limit on card which would harm my cibil or any other thing like it? Kindly help

 

[ShavirB]

No, there is no such thing. But you have to extremely planned if you're using too many cards. Chances of missing due payments increase with more number of cards. On the contrary, if you know how to use these cards judiciously you can save a lot of money in cashbacks and reward points.

Ultimately, it's you call