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I already have two credit cards, should I still apply for a new card?

If you feel the need to apply for a third card, check for features that you do not have on your two existing cards

I receive a lot of calls from telemarketers with offers on credit cards. I already have two cards, should I still apply for a new card?

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Rajesh Menon, Kochi

The very fact that you have been servicing your existing lines of credit means that you have a good credit history. If you feel the need to apply for a third card, check for features that you do not have on your two existing cards. They could include things like better cash back terms, better reward points system, a co-branded card, and petrol surcharge waiver, among others. However, if you do not feel the need for a third card, do not apply for it. Constantly looking out for fresh lines of credit adversely affects your credit information report. The choice to add a third card to your existing credit cards is a decision, which only you can take.

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