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Anonymous
Apply too many credit cards at once?
Hello!
im currently having:
TRUST credit card
CIMB WORLD
AMEX TRUE CASH BACK
UOB LADY
in which AMEX Is applied during April and UOB in late May/June. would it be too risky to apply another credit card now?
(I'm applying cause i want to start accumulating miles/ pair with amaze/ use with cardup, not because I need to overspend etc)
cause I've read that best to wait at least 6months to apply another.
and also my credit score is BB, will me applying another card make it worse?
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Not sure bout miles card since i use cashback more. but are you not able to earn miles from all these (whether there is a cap)?
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Go for it since u can afford it...
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Credit score affected by payment ability, not really no. of credit cards.
The main thing is always the discipline of tracking the credit cards or segregating the type of expenses among the credit cards - to meet the min. spent etc. to maximize the cashback, miles accumulation or rewards - having too many cards diversify the min. spent opportunities and increase the risks of missing out on spending on certain cards and also later the annual fee cannot be waived due to not enuf spending.