Nearly all financial advisors will tell you it is not advisable to apply for multiple credit card at once. We will discuss the reasons why it is not advised. There may be occasions when multiple cards are necessary. We would be happy to look into these.

It may be necessary to apply multiple cards for college-aged children, for instance. In such cases, it is best to apply for a primary card first and then add the children as joint account holders.

There is nothing wrong in having multiple credit cards from different companies. As long as you manage them all well. To protect your credit rating, it is important that you wait at least six months between each application. If you apply for multiple cards simultaneously, lenders will notice that you are desperate for credit. This can lead to your application not being approved.

These are the top 4 things you need to know if you’re applying for multiple cards.

1. How many cards should one hold at once?

This is not something you have to do. This is a recommendation. According to finance management experts, the maximum number of credit cards you should have is 3. This is why? It helps you to manage your cards well. You can quickly get into debt if you have too many cards.

You know your situation best, so if you feel the need for more, this is what to do:

In order of importance, list all the cards you are interested in, along with their websites. Manually filling out 4 to 5 applications at once can prove tedious. We recommend that you use the lender’s website for your application. This will eliminate the need to fill in the same information repeatedly.

2. You should apply to the creditors with the best chance of approval.

If you apply on too many websites, you risk losing your eligibility or getting denied. Credit inquiries that are made against your credit score can reduce your score. These are the steps you can take to make sure that your application is approved quickly.

The website that matches your credit score to the card you are applying for is one website that can help with credit card application. Whogavemecredit.com is the website. Go there and type the name of your card. Compare your credit score and the required credit score. If you qualify, apply. Apply if you are not eligible. This will lower your score and reduce your chances of being accepted in the future.

3. Once you have matched the credit card offers to your credit score, go to their websites and complete the application forms. Some credit cards will give you an immediate approval, while others may deny your application. Others will receive a response by mail.

4. Finally, you should wait for your cards to arrive in the mail. You will also receive letters if you are denied. These letters usually tell you to apply again later. No matter if you are approved or denied for the card, don’t apply for another credit card for at least six months. Your credit score will be affected if you keep applying for cards. This could result in your card being declined.