facebookIs there any impact to credit score for applying, getting welcome bonus, cancelling credit card and repeat? Will it be more difficult to get a new credit card with the same bank in the future? - Seedly

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Anonymous

24 Feb 2020

Credit Cards

Is there any impact to credit score for applying, getting welcome bonus, cancelling credit card and repeat? Will it be more difficult to get a new credit card with the same bank in the future?

Discussion (3)

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Andy Sim

24 Feb 2020

HR Professional at a Financial Institution

In general, it will affect your credit score but only to a small extent. Not enough to have a big impact. More importantly is whether you pay your bills on time and whether in full.

I'd suggest not to apply for a cc just for the rewards. Please do an analysis whether the card suits your lifestyle then apply accordingly based on needs. Rewards that come with the CC is a bonus.

Rais M

24 Feb 2020

Accountant at SME

The credit score look into your ability to pay. As long as you pay on time, no late payment, than it is not an issue.

Hi I do that all the time and no issues in reapplying, just need to pay your cc bills in full and on...

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