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NewsTranscript
00:00Do you have multiple credit cards?
00:02Some of the obvious advantages to having multiple credit cards is that you can have more rewards and you also have a credit card in
00:09case of an emergency.
00:11But one of the most important advantages is you can lower your credit utilization ratio,
00:17which is the amount of credit that you use compared to what's available to you. And this in turn boosts your credit score.
00:25This is why it's not always risky to have multiple credit cards.
00:30For more information, visit www.FEMA.gov