New Delhi, June 19 -- As a credit card user, you may have a temptation to procure the second or even third. This is quite normal so long as you know what you are getting into.

Oftentimes, card users use onelifestyle card and another onelounge access. Or else, one card for fine dining and another one for online shopping. Occasionally, some card users get a second card for raising their credit limit.

Let us understand whether it is a good idea to holdmultiple credit cards.

These are some of the scenarios when it is a good idea to hold multiple cards

I.When you want to raise your credit limit: Sometimes the key reason for holding multiple cards is to maintain ahigh credit limit. For instance, two cards with Rs.5 lakh limit each means tot...