Your guide to use multiple credit cards to fulfil your lifestyle needs

Do not apply for many credit cards within a short span of time as this can adversely impact your credit score

In April 2018, the number of credit cards in circulation stood at 37.78 million, up about 50 per cent over the March 2016 figure of 24.50 million credit cards (according to Reserve Bank of India data). The number of credit card transactions has also risen from 268 million in April 2017 to 333.77 million in April 2018. Clearly, a larger number of Indians are favouring plastic money in the post-demonetisation era. 

Credit cards fulfil several needs, such as instant credit with an interest-free period. You also get rewards such as cash back and discounts, and subsidised access to your preferred lifestyle.