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.
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.
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.
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.
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
You can now pay for car insurance in Bitcoin – here’s how
You can pay for car insurance in Bitcoin, even if your insurer doesn’t accept it yet.
Should you sell on Poshmark or Tradesy?
Compare pros and cons of selling on Poshmark vs. Tradesy to help you get the most for your secondhand clothing, shoes and accessories.
7+ hotels offering workation packages
Book a workation at one of these hotels and get Internet, coffee, private space and more.
Black unemployment rates by state
Finder analyzes which states have the highest and lowest rates of employment for Black and African Americans.
How can you use your health savings account (HSA) as a retirement investment?
A health savings account (HSA) can help you get prepared for your retirement. Learn more.
How much is Medicare in 2021?
Compare premiums, deductibles and coinsurance for every Medicare plan in 2021.
How to deal with debt when you have bad credit
Credit counseling, debt relief programs and more options to consider.
Best credit cards for rewards in 2021
Take advantage of miles, points and perks with a card that best fits your lifestyle.
Best balance transfer credit cards of 2021
Here are our top balance transfer picks for 2021.
Should I max out my 401(k)?
The rush of turning $19,500 into $1 million can be enticing, but it’s not always the best idea.
Ask an Expert