Credit Cards

Can I Apply For 2 Credit Cards In One Day

Can I Apply For 2 Credit Cards In One Day

Are you looking to maximize your credit card rewards or aiming to build your credit score quickly? Applying for two credit cards in one day might be something you're considering. But is it actually possible, and more importantly, will it affect your credit score? In this blog post, we will delve into the pros and cons of applying for multiple credit cards on the same day and provide some guidance on how to proceed.

Can I Apply For 2 Credit Cards In One Day Table of Contents

Applying for Multiple Credit Cards: The Basics

Weighing the Pros and Cons

Applying for Multiple Credit Cards: The Basics

Applying for credit cards is relatively simple with online application forms, making it easy to submit multiple applications in one day. However, there are some potential issues to consider before you click "apply" on two different cards.

Impact on your credit score

When you apply for a credit card, the issuer will usually perform a hard inquiry on your credit report. This can cause a temporary decrease in your credit score, usually around 5 to 10 points. Applying for multiple credit cards in a short period can have an even more significant impact on your score.

Card issuer restrictions

Some credit card issuers have policies in place to limit the number of new cards they approve for a single customer within a certain timeframe. For example, Chase has the 5/24 rule, which states that they will not approve an application if you have opened five or more credit card accounts in the past 24 months.

Looking risky to future lenders

If you apply for multiple credit cards at once, it might make you appear more risky to potential lenders. They may question why you need that much additional credit and wonder if you plan to use that credit responsibly.

Weighing the Pros and Cons

Before deciding to apply for two credit cards in one day, consider the following pros and cons.


  • Maximizing rewards: Applying for multiple cards with different benefits can help you take advantage of the unique rewards each card offers.
  • Boosting your credit score: Over time, responsibly managing multiple credit cards can strengthen your credit score, as it increases your available credit, diversifies your credit mix, and improves your payment history.
  • Timing your applications: If you have recently paid off and closed an old account, you might want to apply for new credit cards before too much time passes, as this can make your credit score decrease due to a shorter average age of accounts.


  • Temporary dip in credit score: Each credit card application results in a hard inquiry, which will lower your credit score temporarily.
  • Potential for rejection: Applying for multiple cards in a short timeframe can make you appear more risky to lenders, increasing the chance of your application being rejected.
  • Managing multiple accounts: Opening multiple credit cards means you have more accounts to keep track of, including statement balances, due dates, and rewards programs.

Can I Apply For 2 Credit Cards In One Day Example:

Let's say you decide to apply for two different credit cards on the same day: Card A has a high cashback rate on grocery purchases, and Card B offers airline miles for travel purchases. You plan to use both cards strategically to maximize your rewards.

However, after your applications, you notice your credit score has dropped by 15 points. This dip is a result of the two hard inquiries that occurred during the application process. Over time, your credit score may recover, provided you make on-time payments and maintain low balances on both cards. Additionally, managing your accounts responsibly and strategically can lead to higher rewards that outweigh the temporary credit score drop.

Applying for two credit cards in one day is possible, but comes with both benefits and risks. Before submitting those applications, make sure you understand the potential impact on your credit report and your ability to manage multiple accounts. Remember to always use your credit responsibly and strategically to maximize rewards and maintain a strong credit score.

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About Jermaine Hagan (The Plantsman)

Jermaine Hagan, also known as The Plantsman is the Founder of Flik Eco. Jermaine is the perfect hybrid of personal finance expert and nemophilist. On a mission to make personal finance simple and accessible, Jermaine uses his inside knowledge to help the average Joe, Kwame or Sarah to improve their lives. Before founding Flik Eco, Jermaine managed teams across several large financial companies, including Equifax, Admiral Plc, New Wave Capital & HSBC. He has been featured in several large publications including BBC, The Guardian & The Times.

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