The benefits of having multiple credit cards

You’re already familiar with the benefits of having a credit card, such as convenient purchasing power, protective insurance and the ability to strengthen your credit history. Did you know there are unique advantages to having multiple credit cards? Learn the benefits of choosing to get cards with different credit card limits or features.

Budget help

Having multiple credit cards gives you the ability to designate cards for certain kinds of purchases, making tracking your spending easier.

  • If you run a small business, you may choose one card to use exclusively for business expenses. Keeping your professional and personal finances separate could save you the hassle of sorting through your credit card statements at tax time.
  • If you make frequent work-related purchases as an employee, it could also prevent you from having to submit expense reports to your employer that contain your personal transactions.

Online purchases

Using just one card for online purchases can help protect your identity by limiting the potential exposure of your personal information. Having all your online transactions on one billing statement can also make it easier for you to recognize fraudulent activity and quickly put a stop to it.


There are 2 ways to take advantage of a backup credit card:

  • Carry it with you in your wallet, particularly if you are travelling, in case your primary card is denied.
  • Ensure you will still have access to credit if your wallet is lost or stolen by keeping a card at home.

Explore credit card offers from CIBC

CIBC has several types of credit cards, including those with cash back and travel rewards programs. Find the cards that best fit your needs by using the credit card selector tool. If you have questions about CIBC credit cards or need further help choosing one, you can reach a customer care representative at 1-800-465-4653.

More articlesMore articles about C I B C credit cards

Get started