Let me answer about
can I have 2 credit cards from the same bank
. Yes, you can generally have two credit cards from the same bank, provided you meet the eligibility criteria and the bank approves your request.
Can I Have Two Credit Cards from the Same Bank?
Banks often allow customers to hold multiple credit cards, especially if they have a good credit score, high income, and a positive repayment history. Some banks might restrict the number of credit cards you can have based on internal policies or your creditworthiness.
Having two cards can increase your total available credit, reducing your credit utilisation ratio. Different cards may offer varying benefits, such as cashback, travel rewards, or fuel discounts. You can use each card strategically based on its perks.
A second card provides a backup in case one card is lost, stolen, or temporarily blocked.
Ensure the benefits outweigh the combined annual fees of both cards. Applying for multiple cards in a short period might affect your credit score temporarily due to hard inquiries. Keep track of billing cycles and due dates to avoid late payments or overspending.
Visit the bank's website or branch to apply for an additional card. Provide updated income proof if required. Banks might offer pre-approved options based on your existing relationship. This is all about can I have 2 credit cards with the same bank.
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Can I Have 2 Credit Cards From The Same Bank?
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2024-11-27T17:52:21+00:00 2024-11-27T17:52:21+00:00Comment
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