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Should I apply for more than one credit card at a time?

By:  Jennifer Laird | 19th June 2021

You can have multiple credit cards, but can you apply for more than one credit card at the same time? Maybe. Here’s what you should know. 

Can I apply for more than one credit card at the same time?

Technically, there’s no reason why you can’t apply for numerous credit cards at once. Lenders consider each application separately, so you could be approved for a few cards on the same day.

Why would you do this? Well, maybe you’re not sure which card you’ll be approved for, so you want to apply for more than one simultaneously. Or, perhaps you want to take advantage of some great welcome offers for different cards. No matter why you want to do it, there’s nothing to stop you from making a few applications at once.

Is it wise to apply for multiple credit cards?

It depends on your circumstances. Let’s weigh up the pros and cons.    

The pros

The cons

Can I improve my chances of approval before applying?

No matter how many credit card applications you decide to make, consider improving your chances of success before you apply. Here are some tips to help you do just that. 

Takeaway

So, can you apply for more than one credit card at once? Well, sure, but it’s not always the best idea. Although it’s often fine to have multiple credit cards – it can even be helpful – too many applications in a short period can damage your credit rating.

A lower credit score makes it harder to get credit in the future. So weigh up the pros and cons carefully or consider getting some financial advice first. 

Finally, just make sure you can afford the repayments before you apply for a new credit card. Otherwise, you could overstretch your budget. 

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