Is it ok to apply multiple card in a single month?

[sherlocked]

Basically i already have one credit card which is amazon icici credit card, recently applied for airtel axis. Application was accepted. But now i want to apply for sbi cashback credit card. As month did not change so my cibil score is at same stage that was before applying for axis airtel. That is 769. So should i apply for sbi cashback credit card right now? Will they be able to see that i have applied one more credit card this month and will reject my application ? Or my cibil score already dropped because i already applied for one card this month. Though it is still showing 769 in one score app. Basically wanted to get this card for upcoming sale.

 

[Skylar]

Basically i already have one credit card which is amazon icici credit card, recently applied for airtel axis. Application was accepted. But now i want to apply for sbi cashback credit card. As month did not change so my cibil score is at same stage that was before applying for axis airtel. That is 769. So should i apply for sbi cashback credit card right now? Will they be able to see that i have applied one more credit card this month and will reject my application ? Or my cibil score already dropped because i already applied for one card this month. Though it is still showing 769 in one score app. Basically wanted to get this card for upcoming sale.

- SBI Cashback Card cannot be used for instant discount during the sale.

 

[Skylar]

Basically i already have one credit card which is amazon icici credit card, recently applied for airtel axis. Application was accepted. But now i want to apply for sbi cashback credit card. As month did not change so my cibil score is at same stage that was before applying for axis airtel. That is 769. So should i apply for sbi cashback credit card right now? Will they be able to see that i have applied one more credit card this month and will reject my application ? Or my cibil score already dropped because i already applied for one card this month. Though it is still showing 769 in one score app. Basically wanted to get this card for upcoming sale.

- You can apply, only a few banks like Federal bank have these rules like there shouldn't be more than 2 enquiries in the last 3 months.

- Your score could drop by a little if your credit history is under a year. but if it's over 5 years then barely 1 point for enquiry and 1 point for new account.