Can I apply for multiple credit cards at the same time?

Currently, there is no limit on the number of credit cards processed by domestic banks. If there are too many cards, it is not ruled out that the risk department may intervene and the credit card cannot be issued.

Generally, it will be successful. Applying for credit cards from different banks will indeed increase your success rate, but it may affect your personal credit record.

You should also pay attention when calling back from the bank. If you are really anxious, you can try to apply for 2 banks at the same time, because if there are too many applications at the same time, the bank will check the individual multiple times. Credit report, too many credit reports will have a greater impact on the individual later.

You can also choose to apply at a small commercial bank that issues cards faster, such as China Merchants Bank, Guangfa Bank, etc. The success rate is also relatively high, and the approval is relatively simple, so you don’t have to apply for it at the same time.

Extended information:

The advantages and disadvantages of applying for multiple credit cards at the same time:

Disadvantages:

1. The limit is generally low.

2. There are too many credit cards and it is inconvenient to manage.

3. It is not conducive to applying for higher-level credit cards.

4. There is too much card but not too much quality.

Benefits:

1. You can enjoy many activities.

2. There is plenty of room for increase.

3. Calculate the billing date and you can enjoy a long interest-free period.

Reference: Baidu Encyclopedia - Credit Card

The maximum number of credit cards a person can apply for

There is no limit to the number of credit cards an individual can apply for. Under normal circumstances, it is recommended not to apply for credit cards from more than 5 banks.

Credit cards from the same bank have a limited limit, but points can be accumulated. If you need to accumulate credit card points, you can apply for 2 credit cards. Applying for too many credit cards will occupy your own credit limit, so 2 Zhang is more appropriate.

On April 15, 2016, the central bank issued the "Notice of the People's Bank of China on Matters Related to Credit Card Business", canceling late payment fees for credit cards, introducing liquidated damages, and prohibiting over-limit fees. At the same time, corresponding adjustments were made to credit card overdraft interest rates, interest-free repayment periods and minimum repayment amounts. The amount has also been increased from 2,000 yuan per card per day to 10,000 yuan. The new regulations will be officially implemented on January 1, 2017.

1. Cancel late payment fees and introduce liquidated damages

The "Notice" cancels late payment fees, and the card issuer and cardholder will agree on liquidated damages; cancels over-limit fees, and stipulates that card issuers shall not Service fees bear interest.

2. The credit card overdraft interest rate can be customized

The upper limit and lower limit management of the credit card overdraft interest rate is implemented. The upper limit of the overdraft interest rate is 5/10,000 of the daily interest rate, and the lower limit of the overdraft interest rate is 0.5/10,000 of the daily interest rate. Fluctuate by 30 on the basis of five-fifths. The method of calculating interest on credit card overdrafts, as well as whether interest will be calculated on credit card overpayments and the interest rate standards are determined independently by the card issuer.

3. Interest-free repayment period and minimum repayment amount

The "Notice" cancels the maximum interest-free repayment period, minimum repayment amount standards and additional requirements for overdraft consumption The current regulations on conditions are determined independently by the card issuer based on commercial principles and cardholder needs.

4. The cash withdrawal amount is increased from 2,000 yuan to 10,000 yuan

The "Notice" optimizes the credit card cash advance business management mechanism and clearly defines cash withdrawals, cash transfers and cash recharges. Cash borrowing business type. The daily cumulative limit per card for cardholders to handle cash advance withdrawals through ATMs has been increased from RMB 2,000 to RMB 10,000. Cash transfers and cash recharges to my bank settlement account and payment account are allowed.

There are five major credit card brands in the world, two major organizations: VISA International and MasterCard International, as well as American Express International Co., Ltd. (America Express) and Diners Club. ), JCB Japan International Credit Card Company (JCB), five professional credit card companies. There are also some regional credit card organizations in various regions, such as EUROPAY in Europe, UnionPay in China, United Credit Card Center in Taiwan, etc.

Can one bank handle multiple credit cards at the same time?

A bank can handle multiple credit cards at the same time, and there is no specific limit on the number. But it should be noted that the limits of multiple credit cards from the same bank are exclusive.

For example, if you have 5 credit cards in the same bank with a credit limit of 50,000 yuan, then these 5 cards will only use the 50,000 yuan limit. If 20,000 yuan has been spent on one credit card, then the remaining four cards will only have a limit of 30,000 yuan. In addition, the annual fees for multiple credit cards from the same bank must be calculated separately, so it is generally not recommended to apply for multiple credit cards from the same bank.

1. Bank credit card limit rules:

When you hold multiple credit cards from the same bank at the same time, multiple credit cards have the same limit. Generally, credit cards with lower limits enjoy higher limits. The available credit limit on a credit card.

For example, Ms. Wang holds three credit cards from a certain bank with a credit limit of RMB 30,000. Then these three credit cards will use the same credit limit of RMB 30,000. When she uses a certain card After spending 4,000 yuan in overdraft with one card, you can only spend another 26,000 yuan in overdraft on the other two cards.

If there is no credit card limit and a credit card of 20,000 yuan, if the user applies for 5 cards, then he will be able to overdraft 100,000 yuan, which is far beyond his repayment ability. , there will be risks for banks.

2. How many credit cards should a person apply for?

There is no standard answer to this. As for how many credit cards it is appropriate to have, it depends on the individual. Generally, it is more appropriate to apply for 1-4 credit cards for the following reasons:

1. Ratings that are conducive to financial institutions

In today's society, finance is closely related to our lives. For example, buying a house, buying a car, and getting a loan all involve a comprehensive score, and the number of credit cards is also one of the comprehensive scores. The important part is that generally, those with 1-4 credit cards will have the highest score. If you have more or fewer credit cards, your score will be reduced.

2. Convenient turnover

Everyone has urgent needs. If you don’t have a credit card, it will be more troublesome to use money temporarily, but having 1-4 credit cards will facilitate turnover. But having too many credit cards is not good. On the one hand, it is easy to use too many credit cards, and once you can’t control yourself, you will be in trouble; on the other hand, if you have too many credit cards, it is easy to make the repayment confusing, and the repayment dates of most credit cards may be different. It’s different. It’s easy to get confused if you have too many credit cards, or you forget to pay back, causing overdue payments, which is not good.

3. Enjoy maximum discounts

Credit cards generally cooperate with merchants to launch many discounts, such as discounts on meals, movie tickets, and air tickets. Of course, not every credit card will cooperate with all merchants, but 2-4 can basically cover the discounts for regular purchases.

4. The total credit limit is appropriate

Everyone’s credit card limit may be different. This is related to personal conditions, but in general, 1-4 credit cards should be enough. Meet a person's normal financial needs. If your financial needs are not large, the credit limit may remain at the level when you apply. If you have large financial needs and frequently swipe your card, the bank will also increase your credit limit, and the total credit limit will basically increase according to your needs. As the loan grows, of course the premise is that you must repay the loan on time.

Based on the above points, it is most appropriate for one person to apply for 1-4 credit cards. Of course, each person’s situation is different.

This is the end of the introduction about applying for multiple credit cards and whether applying for multiple credit cards will have an impact on your credit report. Did you find the information you need?