Credit cards are powerful financial tools — offering **cashback, miles, perks, and financial flexibility** — but their benefits only materialise when managed responsibly. So how many cards should you have? Neither financial advisors nor credit card issuers offer a universal rule that fits everyone. Instead, the ideal number depends on your financial habits, how disciplined you are with tracking spending and payments, and the rewards you want to optimise.

To begin with, it’s important to understand that owning a credit card isn’t a requirement for financial success or stability. Some people choose to live without one entirely, finding cash and debit transactions simpler for budgeting and avoiding the risk of interest charges if payments are missed. Others view a credit card as a tool that, when used responsibly, offers convenience and financial rewards.

Big news for Trust Cashback Card holders! Effective **1 March 2026**, Trust Bank will reduce the cashback rate on overseas and foreign-currency transactions from 1% to 0.5% and remove the S$1000 minimum monthly spend tier. Is it still worth it? Here’s a breakdown of the nerfs and buffs to help you decide.