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?
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.
