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? - Seedly
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Anonymous

Asked on 07 Aug 2019

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?

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Andy Sim
Andy Sim
Top Contributor

Top Contributor (Feb)

Level 7. Grand Master
Answered on 24 Feb 2020

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.

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Rais M
Rais M
Level 7. Grand Master
Answered on 24 Feb 2020

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.

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Veronica Kok
Veronica Kok
Level 2. Rookie
Answered on 11 Aug 2019

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

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