“Having multiple credit cards can be another misleading credit trap. Yes, a good credit score will likely get you another credit card, but do you actually need it? Even if you don’t use it right away, having the “extra credit” can be tempting and can also make you appear risky to lenders because of your potential to spend and create additional debt. Or, it can indicate that you are not as selective and cautious as you should be in making credit decisions. So a wallet-full of credit cards can actually reflect irresponsibility, rather than creditworthiness.”
