Got my OneCard approved yesterday, should I apply for more credit cards now?

[Radhikashamra360]

Hey everyone!

I just got my OneCard approved yesterday, and now I'm thinking about applying for more credit cards, like the IndusInd credit card, etc. I'm wondering if this is a good idea or not.

Will applying for another credit card so soon after getting a new one have any negative impact on my credit score? Or could it actually be a positive move that helps my credit score in the long run?

I’d really appreciate any advice or personal experiences you can share. Thanks!

 

[Skylar]

like the IndusInd credit card, etc.

Why IndusInd?

 

[SanjuNandi]

Yes sure if you have options then why not? But try to have LTF cards approved obviously.

 

[Skylar]

Will applying for another credit card so soon after getting a new one have any negative impact on my credit score?

The impact on your credit score depends on the length of your credit history. If your credit history is less than a year, you may experience a significant drop in your score. For a credit history between one and three years, the drop in score is minimal. If your credit history exceeds five years, the drop is negligible.

 

[wcgxlr8]

Hey everyone!

I just got my OneCard approved yesterday, and now I'm thinking about applying for more credit cards, like the IndusInd credit card, etc. I'm wondering if this is a good idea or not.

Will applying for another credit card so soon after getting a new one have any negative impact on my credit score? Or could it actually be a positive move that helps my credit score in the long run?

I’d really appreciate any advice or personal experiences you can share. Thanks!

Why do you need more cards? Can you please explain your spends?

 

[hitirfan]

No issue in applying another card, subject to conditions that your Credit score is good and doesn't have many enquiries in short time.

 

[launchcraft]

Until and unless your spends are more and you require a card to get the benefit from it, don't apply for the other cards.
It will have some impact on your score as it will result in the enquiry from bank and the the card is not approved it will negatively impact you score.
So, when you have any pre-approved offer or you have some cards listed according to the expenses you are doing, don't apply for much cards.
One card will cater most of your needs and also giving you points which can later converted into cash. So its a win-win.

 

[Dev chawla]

Hey everyone!

I just got my OneCard approved yesterday, and now I'm thinking about applying for more credit cards, like the IndusInd credit card, etc. I'm wondering if this is a good idea or not.

Will applying for another credit card so soon after getting a new one have any negative impact on my credit score? Or could it actually be a positive move that helps my credit score in the long run?

I’d really appreciate any advice or personal experiences you can share. Thanks!

How did u receive an one card? Its beem reserved for me for quite some time now?

 

[Aryan17]

Hey everyone!

I just got my OneCard approved yesterday, and now I'm thinking about applying for more credit cards, like the IndusInd credit card, etc. I'm wondering if this is a good idea or not.

Will applying for another credit card so soon after getting a new one have any negative impact on my credit score? Or could it actually be a positive move that helps my credit score in the long run?

I’d really appreciate any advice or personal experiences you can share. Thanks!

i too got my idfc wow aporoved and with limit of 10000 based on FD
recieved the physical copy 5 days before can i now apply for the card i want

 

[hitirfan]

i too got my idfc wow aporoved and with limit of 10000 based on FD
recieved the physical copy 5 days before can i now apply for the card i want

Phale 6 months to 1 years use karo Credit Score/ Credit History badawo fir.

Ya wait fir bank's pre-approved offer. Koi private bank mai agar account hoga wo de sakte hain pre-approved offer kabhi

 

[Skylar]

i too got my idfc wow aporoved and with limit of 10000 based on FD
recieved the physical copy 5 days before can i now apply for the card i want

Nope you won't get unsecured cards that easily
you need at least 9 months of credit history or ITR/Salary slips

 

[zacobite]

Hey everyone!

I just got my OneCard approved yesterday, and now I'm thinking about applying for more credit cards, like the IndusInd credit card, etc. I'm wondering if this is a good idea or not.

Will applying for another credit card so soon after getting a new one have any negative impact on my credit score? Or could it actually be a positive move that helps my credit score in the long run?

I’d really appreciate any advice or personal experiences you can share. Thanks!

why the rush? u have just got a card.. use it..

 

[launchcraft]

i too got my idfc wow aporoved and with limit of 10000 based on FD
recieved the physical copy 5 days before can i now apply for the card i want

Until and unless your spends are more and you require a card to get the benefit from it, don't apply for the other cards.
It will have some impact on your score as it will result in the enquiry from bank and the the card is not approved it will negatively impact you score.
So, when you have any pre-approved offer or you have some cards listed according to the expenses you are doing, don't apply for much cards.

 

[vishalprakash]

Hey everyone!

I just got my OneCard approved yesterday, and now I'm thinking about applying for more credit cards, like the IndusInd credit card, etc. I'm wondering if this is a good idea or not.

Will applying for another credit card so soon after getting a new one have any negative impact on my credit score? Or could it actually be a positive move that helps my credit score in the long run?

I’d really appreciate any advice or personal experiences you can share. Thanks!

what's your focused spending area/category or your spending behavior?

No card is perfect or poor. One thing I would suggest to everyone out here is to generate or get returns of at least 7-8 % annually from your CC, in some cases it goes till whooping 20% also. Do not settle for 2-3%, I repeat don't. Almost all LTF CC or basic cards only generate 2-3% return in general, except some cards or cases.

For instance, for some folks SBI Cashback CC seems to be expensive for them but let me tell you that I have already generated returns equivalent to its 30 years of its annual fee in 1.5 years only. This is just an example, there are many such cards.

Conclusion: - Find your priority spending area, and get that card irrespective of its annual fee, of course that doesn't mean you get useless expensive CCs like ICICI Emeralde CC.

I am open to share a sheet where you can find best suitable card for you. Just let me know.

 

[gagan43]

Hey everyone!

I just got my OneCard approved yesterday, and now I'm thinking about applying for more credit cards, like the IndusInd credit card, etc. I'm wondering if this is a good idea or not.

Will applying for another credit card so soon after getting a new one have any negative impact on my credit score? Or could it actually be a positive move that helps my credit score in the long run?

I’d really appreciate any advice or personal experiences you can share. Thanks!

Wait for some time like in my case i was a user of one card since jan”22 and One C is my first cr card with limit of just 15000 but I’ve applied for icici amazon pay in same year (nov month) and got limit of 1,20,000 so please wait for some time after your 1st card and then apply for new one