From specialty travel rewards cards to cards that offer generous cash-back or points on everyday purchases, there are a plethora of choices for your wallet. It might feel hard to choose just one credit card — but do you really have to?

As it turns out, not necessarily. Having more than one credit card can even offer financial benefits, such as a higher credit limit to work with and a backup card just in case. But there are drawbacks to weigh, too, especially if you tend to struggle with overspending or organization.

Here is a look at both the pros and cons, so you can determine whether you would like to have more options or if you are better off staying true to one card only.

Pro: You will have more flexibility, and a backup

Having more than one credit card can introduce an element of

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