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Although we feel that it is sufficient, and its easier to manage one account and credit card, practically this is not a good idea.
A secondary account can be a pretty good method for savings, the money you put in there should only be used for emergencies or investments. This second account can be managed online as well eliminating costs such as paper statements and such.
The second is on the credit card. Having more than one card can be advantageous, during moments when the card is either lost or damaged. This is advantageous when we are traveling overseas and are our certain card is not accepted (e.g. visa as opposed to AMEX). We can also consider having a credit card just for purchases over the Internet. Purchasing online is quite risky and it is always best that you have the ability to cancel a card immediately without worrying about being delinquent on other authorized payments sharing the same card.
Although credit cards have a very negative aspect, if one uses it with responsibility it carries several advantages. Obviously if we have fifteen cards and ten accounts, then we are probably going overboard.
