Opening multiple credit cards can be a strategic move for savvy consumers looking to maximize rewards and benefits. The average American holds about four credit cards, but some, like the author, find value in having more. The article outlines three key reasons for opening new cards: earning bonus rewards in various categories, securing lucrative sign-up bonuses, and accessing valuable travel benefits. By utilizing multiple cards, users can earn significantly more points on purchases that fall into specific bonus categories such as travel, dining, and mobile wallet spending. Additionally, many cards offer enticing sign-up bonuses that can lead to substantial rewards if the spending requirements are met. The author also emphasizes the importance of travel perks, such as airport lounge access and expedited security clearance, which enhance the travel experience. While not advocating for reckless credit card applications, the article encourages consumers to explore new offers periodically to take advantage of competitive benefits.
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