Can I Apply For More Than One Credit Card At A Time?

By Kevin / October 29, 2009

If you’re looking to get a new credit card, you may be wondering if you can apply for more than one card at once to improve your odds of getting approved.

Technically you can apply for as many credit cards as you want, however if you apply for too much credit in too short of an amount of time it can end up being detrimental to your credit score. Even if you aren’t approved, just a large number of credit inquiries (when the credit card company pulls your credit report) can also damage your credit score. Too many inquiries makes it look like you’re desperate to get credit which can raise a red flag to companies you are asking to lend to you.

If you’re a college student or have very little credit than it’s usually best to stick with one credit card for the time being while you build your credit. Once your credit is established you have a bit more leeway when it comes to how many cards you can get away with using without lowering your hard earned credit score.

To avoid having a negative impact on your credit score it’s best to apply for one card at a time – if you want multiple cards, make sure that you have established credit and increase the number of cards you have gradually over time. Be sure to check out this post on how credit inquiries can effect your credit score.

Leave a comment: