What are the Benefits of a Second Credit Card?

There may come a point when you realize that one credit card isn’t enough. Maybe you come to this conclusion because you need more buying power. Or maybe you end up here because you’ve maxed out your other card (more on this below).

There are several benefits of a second credit card, including the following:

  • Access to rewards: If your first credit card doesn’t have a rewards program, you may be enticed by one that does.

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Is Now the Best Time for Your First Credit Card?

Even if you strongly believe that you qualify for a credit card, it doesn’t necessarily mean you should move in this direction. Before doing so, it’s imperative to review both your situation and what you’ll get in return should you decide to proceed.

Here are a few things to think about as you ponder this question:

  • Employment status: It’s never a good idea to apply for a credit card when you’re unemployed.

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Top Reasons to Apply for Your First Credit Card

It’s understandable why some consumers shy away from applying for a credit card. Above all else, they have concerns about running up debt that they can’t afford to pay.

According to CNBC, this remains a major problem throughout the United States:

“The average American has a credit card balance of $6,375, up nearly 3 percent from last year, according to Experian’s annual study on the state of credit and debt in America.


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