finder.com
US
AU
NZ
UK
CA
SG
More

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Can you have two credit cards from the same bank?

There are pros and cons to sticking with the same bank for a card.

Steven Dashiell
Steven Dashiell

Updated

Fact checked
Friends having coffee

If you’re looking to add another credit card to your wallet, there’s usually nothing stopping you from picking up an additional credit card from the same bank. However, there are a few nuances to consider that could affect your decision to stick with your bank or apply for a card from a different bank.

Pros and cons of having two cards from the same bank

Most banks are happy to have you apply for a second credit card, assuming you’re a responsible credit user. But it could be to your benefit to consider other options aside from your existing bank. Here’s a breakdown of the advantages and disadvantages of having two credit cards from the same bank.

Pros Cons
  • Shared reward systems. Many banks operate on a single reward system across most of their credit cards. For example, if your first card is an Amex with access to Membership Rewards, a second eligible Amex card could add to your bounty and let you redeem rewards even faster.
  • Poor usage affects both cards. If you miss a payment or max out one of your cards, your second card could very well pay the price if they’re both from the same bank. Both cards could get hit with a penalty APR or reduction in credit should you mishandle only one of your cards.
  • Building a positive history. If you were only able to qualify for a modest no-frills card with your current bank, a history of on-time payments and positive interactions with the bank could look good when it comes time to pick up a second card. You might receive card upgrade offers or prove eligible for cards with better terms and more perks.
  • Limited backup options. If one card account is suspended or closed for some reason, you might lose access to both accounts. This could prove an issue if your card is stolen or you need to suspend an account over suspected fraud. You might also run into issues of worldwide card acceptance, particularly if your bank largely offers Discover cards.
  • Credit score and utilization improvements. If your current bank offers you a new credit card offer, it’s likely unnecessary they’ll perform a hard pull on your credit account. This means your credit score remains steady and you can hit the ground running with a better credit utilization percentage when you get your new card.
  • Balance transfer limitations. Most banks restrict you from transferring balances between two credit cards that they’ve issued you.
  • Welcome offer restrictions. Rather than restrict your ability to open a new card account, some banks will simply limit your ability to earn a welcome offer on a new card if you’ve already earned one. American Express is one such bank to enforce this restriction.

Our pick for credit card offers

CardMatch™ from creditcards.com

  • Find card offers you are more likely to qualify for without impacting your credit score.
  • Save time by comparing matched offers from multiple partner banks.
  • You may be matched to special offers based on your credit profile.
  • See your matched offers in less than 60 seconds.
  • Get matched to the card feature that's right for you. Find cards with low interest, cash back, balance transfers, and travel rewards.
  • Users may not be matched with all offers or banks. Matches are based on a user's credit profile. See the CardMatch terms and conditions for more details.
Read less
Read more
See offer
Read review
See Rates & Fees

Compare credit cards

If you’re going to pick up another credit card, it pays to grab one that complements your existing card in some way. For example, if you have a card that earns big points on travel, you might want to add a card that helps you earn points on everyday purchases. Compare the options to find one that suits your needs.

Name Product Filter values Rewards Purchase APR Annual fee
Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
0% intro for the first 12 months (then 13.99% to 23.99% variable)
$0 intro annual fee for the first year ($95 thereafter)
Apply now
View details
Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Rates & fees
Blue Cash Everyday® Card from American Express
Blue Cash Everyday® Card from American Express
20% at Amazon.com up to $200 back in the first 6 months, 2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
0% intro for the first 15 months (then 13.99% to 23.99% variable)
$0
Apply now
View details
This everyday cashback card is ideal for Black Friday and holiday shopping with 20% back at Amazon.com up to $200 back in the first 6 months. Rates & fees
Chase Freedom Flex℠
Chase Freedom Flex℠
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases
0% intro for the first 15 months (then 14.99% to 23.74% variable)
$0
Apply now
View details
Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
15.99% to 22.99% variable
$95
Apply now
View details
Earn a signup bonus worth $750 with this popular travel card. Combine with other Chase Ultimate Rewards cards for even greater value.
Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card
N/A
0% intro for the first 18 months (then 14.74% to 24.74% variable)
$0
Apply now
View details
An impressive 18 months intro APR on balance transfers and purchases, as well as no annual fee make this one of the top 0% APR cards available.
loading

Compare up to 4 providers

Things to consider before getting a second card

While picking up an additional credit card can improve your financial flexibility and boost rewards, you’ll want to make sure you can make effective use of a second card before applying.

For example, what is your primary purpose in opening a second credit card account? Will you use the card enough to offset any fees? And can you effectively manage finances across both cards?

Read more about managing multiple credit cards to see if this is the right move for you.

Bottom line

If you enjoy the service your current bank offers and want to bolster your card rewards, opening up a second credit card account with them could expand your earnings. Just keep in mind that opening a card with a second bank has its own merits and could be a wiser choice depending on your needs.

Whatever you choose, consider a card with features that’ll complement your first credit card.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site