Disadvantages of applying for a credit card at multiple banks at the same time:
The support rate is extremely low.
(1) First of all, we must understand that no matter which bank you apply for a credit card, the bank needs to check our personal credit information.
(2) And once these lending institutions inquire about our personal credit report, they will leave records on it.
(3) So, if in a short time, several banks check your personal credit information and see the inspection records left by other banks.
(4) Then, these banks will basically reject your credit card application.
(5) Because many banks default that a credit card applicant will submit a credit application to several banks in a short time because of lack of money. Applicants who are short of money must have limited repayment ability.
(6) So most banks will directly reject this credit card applicant's card application.
The credit card limit is very low
(1) Even if the credit card you applied for from several banks at the same time is approved; Then the credit card limit you can get is generally lower.
(2) Because the bank learned from your personal credit report that you also applied for credit cards from other banks.
(3) Then, they will definitely worry that you are unable to repay so many credit card consumer loans.
(4) So in order to control their credit risk, they can only minimize the credit card quota allocated to you.
There are too many credit cards to manage.
(1) The billing date and repayment date of each bank's credit card are not necessarily the same.
(2) Therefore, once there are many credit cards, it is easy to mix the bill statement of each bank's credit card with the repayment diary.
(3) lead to overdue credit cards and affect our personal credit records.
Advantages of applying for credit cards at multiple banks at the same time
Credit cards have more operating funds.
(1) Each credit card can get at least 1000 yuan. Even if the credit card is not high, several pieces together can save a lot of operating funds.
(2) Therefore, it is not necessarily a bad thing for friends who want to get a high credit card but can't apply.
(3) However, most credit cards still charge an annual fee, if your credit card consumption is not enough. Then, the annual fees of so many credit cards add up to enough for you.
You can leave a way out for outstanding credit card bills.
(1) Many people only have one credit card, but when the cash flow is difficult, they may often be unable to obtain funds from other channels to repay credit card loans.
(2) Therefore, if you have more than one credit card in your hand, you can use other credit cards to help repay the loan at this time.
(3) This is definitely a good way to leave a way out for the credit card bill that you have already returned. But although the method is good, don't forget that there is a loan interest rate spread between each credit card.
(4) Don't waste money just because you have multiple credit cards. Otherwise, the interest margin caused by robbing Peter to pay Paul may also make your financial pressure even greater.