00:00You can't leave home without it, but maybe it should be them?
00:04Having more than one of the same credit card has its benefits.
00:07As Insider explains, many credit cards with the best return rate have a cap on how many rewards you can
00:13earn during a specific period of time.
00:16By having more than one, you can earn more rewards in categories like groceries, gas stations, streaming services, travel, and
00:23entertainment.
00:24As long as you can pay the bills on time, CNBC says you may want more than one credit card
00:29in general to increase your credit score.
00:32See, the credit reporting agencies factor in your credit utilization rate when calculating your score.
00:38A higher credit limit and a lower balance are essential for a good utilization rate.
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