The only thing I have to add is that having lots of credit cards may assist your credit rating if you have no debts, but I would get rid of all but one. Your less likely to get problems with ID theft with just one.
I just use them to pay for things with security of a chargeback if there are problems. I've never paid any interest as I treat it just like my normal bank debit card. I don't buy what I can't pay for.
People who get into problems do so because it's an easy way to get a loan - no talking and paperwork involved. Once you start missing repayments, you get a penalty on top of the interest. Some people end up in serious debt as they simply owe interest and penalties, plus the interest of the penalties. The original amount they had credit for was long since paid off.
I know the story of a man who ended up commiting suicide from debt. He started with one card to pay for an operation, got more cards, couldn't pay back, used cards to pay off other cards, got offered more cards (card companies love debtors), lost the house and took his life. He had 22 cards. The real galling fact is that after the inquest into his death, the card companies simply wrote off the debt.
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