How frequently can you change credit cards? | finder.com
Is it ok to change credit cards frequently?

Is it ok to change credit cards frequently?

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Too many applications for credit can have a negative impact on your credit history, but you shouldn’t be afraid to apply for a new card to get a better deal.

Applying for several credit cards can have a negative impact on your credit history and may hurt your chances of loan approval in the future. However, it’s important to consider changing credit cards every so often, especially if you’re looking to take advantage of introductory credit card offers such as 0% balance transfers and promotional purchase rates.

Since every application is noted on your credit file, how often is too often when applying for credit cards?

Upgrade your rewards and get an intro APR with the Blue Cash Everyday® Card from American Express

  • Earn a $150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
  • You spoke, we listened. Over 1.6 million more places in the U.S. started accepting American Express® Cards in 2018.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms apply.
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See Rates & Fees
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Compare credit cards

Name Product Filter values Rewards Purchase APR Annual Fee
7x points on Hilton Honors purchases, 5x at US restaurants, US supermarkets and US gas stations, 3x on all other purchases
17.99% to 26.99% variable
$0
Earn 75,000 Hilton Honors™ Bonus Points after you spend $1,000 in purchases on the card within your first 3 months of card membership. Rates & fees
5x points on directly-booked flights or on flights and hotels on Amex Travel. 1x points on all other purchases
N/A
$550
Get 5x Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5x points on eligible hotels booked on amextravel.com. Rates & fees
N/A
0% for the first 18 months (then 13.24%, 17.24% or 21.24% variable)
$0
An 18 months 0% intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
3% cash back on up to $10,000 in the first 12 months, then 1.5% on all purchases
0% for the first 12 months (then 15.24%, 19.24% or 25.24% variable)
$0
Earn 3% cash back on up to $10,000 in the first 12 months, then 1.5% on all purchases. See Rates and Fees.
2x miles at US restaurants and on direct Delta purchases and 1x miles on all other purchases
17.99% to 26.99% variable
$0
Earn 10,000 bonus miles after spending $500 in purchases on your new card in your first 3 months of card membership. Rates & fees
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% for the first 15 months (then 15.24% to 26.24% variable)
$0
Earn a $ bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
3x points on directly-booked flights; 4x at restaurants; 4x at US supermarkets on up to $25,000 annually (then 1x points)
See Rates & Fees
$250
35,000 bonus Membership Rewards® Points when you spend $2,000 in the first 3 months. Rates & fees
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% for the first 12 months (then 15.24% to 26.24% variable)
$95
Earn $250 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & fees
1.5% cash back on all purchases
0% for the first 15 months (then 15.24% to 26.24% variable)
$0
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & fees
5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases
16.24% to 25.74% variable
$0
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus. Rates & Fees
2x points on gas, groceries or airlines, whichever you spend the most on each month, 2x points on cell phone services and charities and 1x points on all other purchases
16.24% to 26.24% variable
$0 intro annual fee for the first year ($49 thereafter)
Earn 25,000 enrollment FlexPoints worth $375 in travel after spending $2,000 in the first 4 months. Rates & Fees
2x miles on Delta purchases and 1x miles on all other purchases
17.99% to 26.99% variable
$0 intro annual fee for the first year ($95 thereafter)
60,000 bonus miles after you use your new card to make $2,000 on purchases within the first 3 months and a $50 statement credit after you make a Delta purchase in the first 3 months. Rates & fees
12x points on Hilton Portfolio spending, 6x at US restaurants, US supermarkets and US gas stations, 3x on all other purchases
17.99% to 26.99% variable
$95
Earn 125,000 Hilton Honors™ Bonus Points after you spend $2,000 or more in purchases with your new card within the first 3 months of card membership. Rates & fees
5% back at US office supply stores and on US wireless telephone services on up to $50,000 annually (then 1%). 3% on a chosen category on up to $50,000 annually, then 1% after and on everything else
0% for the first 15 months (then 14.49% to 21.49% variable)
$0
Save on interest with a 0% intro APR on purchases for 15 months. After that your APR will be variable. Rates & fees
2x points on everyday business purchases on up to $50,000 annually, then 1x points
0% for the first 12 months (then 15.49% to 21.49% variable)
$0
Earn 2x Membership Rewards® points on everyday business purchases on up to $50,000 with no category restrictions. Rates & fees
4x points on two categories on up to $150,000 combined annually, then 1x points after that and on all other purchases
16.49% to 24.49% variable
$295
Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of card membership. Rates & fees
1.5% discount when you pay early
N/A
$0 intro annual fee for the first year ($250 thereafter)
Get a 1.5% discount when you pay early, with no cap on what you can earn back. Rates & fees
2x points on purchases through Amex Travel and x points on all other purchases
N/A
$0 intro annual fee for the first year ($95 thereafter)
Earn 5,000 Membership Rewards® points after your first purchase on the card within the first year of card membership. Rates & fees
6x points at Marriott Bonvoy, 4x points at US restaurants, US gas stations and on US wireless telephone and shipping services, 2x points on all other purchases
17.99% to 26.99% variable
$125
Earn 75,000 bonus points after you use your new card to make $3,000 in purchases within the first 3 months of card membership. Rates & fees
5x points on flights and prepaid hotels through Amex Travel, 1.5x points if you spend $5,000 on a single eligible purchase on up to 1 million additional points per year and 1x points on all other purchases
N/A
$595
Earn 50,000 points after spending $10,000 and an extra 25,000 points after spending an additional $10,000 on purchases in the first 3 months from account opening. Rates & fees
2x miles on Delta purchases and 1x miles on all other purchases
0% for the first 6 months (then 17.99% to 26.99% variable)
$0 intro annual fee for the first year ($95 thereafter)
Earn 70,000 bonus miles after you make $4,000 in purchases on your new card within your first 3 months. Plus earn $50 after you make your first Delta purchase in the same timeframe. Rates & fees
2x miles on direct Delta purchases and 1x miles on all other purchases
0% for the first 6 months (then 17.99% to 26.99% variable)
$195
"Earn 5,000 Medallion Qualification Miles (MQMs) plus 80,000 bonus miles after spending $6,000 in the first 3 months. In addition, earn a $100 statement credit after you make a Delta purchase with your new Card within your first 3 months. Rates & fees"
2x miles on direct Delta purchases and 1x miles on all other purchases
0% for the first 6 months (then 17.99% to 26.99% variable)
$450
Earn 80,000 bonus miles and 5,000 Medallion Qualification Miles (MQMs) after you spend $6,000 in purchases on your new card in your first 3 months. Rates & fees
12x points at Hilton, 6x points on select business and travel and 3x points on all other purchases
17.99% to 26.99% variable
$95
Earn 125,000 Hilton Honors Bonus Points after you spend $3,000 in eligible purchases within the first 3 months of card membership. Rates & fees
1% cash back to your choice of nonprofits, K-12 schools, colleges and religious organizations
1.99% for the first 6 monthly billing cycles (then 16.24% to 22.24% variable)
$0
1% cash back to the nonprofits, K-12 schools, colleges and religious organizations of your choice.
1x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back
17.24% variable
$495
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
1x points on all purchases with 2% point value when you redeem for airfare and 1% for cash back
17.24% variable
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
1x points on all purchases with 2% point value when you redeem for airfare or cash back
17.24% variable
$995
Earn 2% point value when redeemed for airfare or cash back through the Luxury rewards program.
3x points on travel or 4x points if you’re a PenFed Honors Advantage member and 1.5x points on all other purchases
12.99% to 17.99% variable
$0
25,000 bonus points when you spend $2,500 in the first 90 days from account opening.
2% cash back for all PenFed Honors Advantage members and 1.5% cash back on all purchases
11.99% to 17.99% variable
$0
2% cash back for all PenFed Honors Advantage members and 1.5% cash back on all purchases made with your card.
5x points on gas at the pump, 3x points on groceries and 1x points on all other purchases
11.99% to 17.99% variable
$0
Earn 5x points on gas at the pump and 3x points on groceries. Earn 1x points on all other purchases.
1% cash back right away, 1.25% after six on-time payments and 1.5% after 12 on-time payments
15.24% to 26.24% variable
$0
Build your credit with no fees: Apply if you're new to credit or have a fair to good score.
3% back on travel and entertainment and 2% on dining up to $500 combined each billing cycle, then 1% after that and on all other purchases
18.24% to 25.24% variable
$0
Earn 3% cash back on travel and entertainment and 2% at restaurants on the first $1,000 spent on purchases each billing cycle (then 1%). Earn 1% on all other purchases.
N/A
See terms
See terms
Build or rebuild your credit with this Visa credit card.
N/A
9.24% to 17.99% variable
$0
Low APR on all purchases including cash advances.
N/A
11.99% to 17.99% variable
$0
Earn a $100 bonus after spending $1,500 on purchases in the first 90 days from account opening.
1% cash back on all purchases or in categories based on Credit One Bank’s discretion
20.24% to 26.24% variable
$0 to $99
Earn 1% cash back on all purchases or in categories based on Credit One Bank’s discretion.
1% cash back on all purchases or in categories based on Credit One Bank’s discretion
20.24% to 26.24% variable
$0 to $99
Get 1% cash back on all purchases or in categories based on Credit One Bank’s discretion.
Up to 1% cash back on eligible purchases determined by Credit One and double cash back at NASCAR.com
20.24% to 26.24% variable
$0 to $99
Get up to 1% cash back rewards on eligible purchases determined by Credit One and double cash back rewards at the NASCAR.com Superstore.
N/A
24.9% fixed
$0 to $99
The Indigo® Platinum Mastercard® Credit Card is specifically designed for those with less than perfect credit.
N/A
9.99% fixed
$48
This secured card can help you rebuild your credit with an initial deposit of $200 to $1,000.
N/A
19.64% variable
$35
A secured Visa® credit card that helps you build your credit quickly.
1% cash back on all purchases
20.99% variable
$0
Designed for college students to build credit history and earn rewards.
N/A
25.24% variable
$0
Designed to help build credit history with no deposit required. Apply if you're new to credit or have a fair to good score over 650.
N/A
14.74% variable
$39
No minimum credit score and no credit history required.
N/A
10.74% variable
$49
Build or rebuild your credit with this secured card.

Compare up to 4 providers

Why you might want to change your credit card

By not looking, you could miss out on more competitive offers, affordable interest rates and beneficial features. Some of the main reasons you might consider applying for a new credit card include:

  • 0% balance transfer offers. Promotions for low or a 0% interest rate on balance transfers are usually in place from six to 24 months.It can be a useful way to pay down your debt without the additional cost of interest. Keep in mind that when the offer finishes, a standard interest rate on purchases or cash advances will apply on remaining balances.
    Guide on applying for a balance transfer
  • 0% purchase rate offers. If a big purchase is in your future or you’re sick of accruing high interest, you might want to consider a card with low or no interest rates on purchases for a promotional period. These cards have a 0% promotional purchase rate for a set period, sometimes 6 to 18 months. It’s important that you make your purchases as early as possible so you can take advantage of as much of the promotional period as you can before the standard interest rate kicks in.
  • Reward points. A reward points offer is an easy way to boost your points balance and a persuasive reason to switch cards if your spending aligns with eligible purchases defined in the plan. Some rewards cards and frequent flyer cards offer up to 30,000 to 50,000 reward points on sign-up when you meet certain spend requirements in a set period.
  • Annual fee waiver. Some cards offer either no annual fee for the life of the card or waive the annual fee for the first year.

The pitfalls of frequently changing credit cards

Too many credit card applications on your credit history can be a red flag to future lenders because declined applications imply that you’re a high-risk applicant who isn’t eligible or capable of paying back a credit card. Also, every time you apply for a credit card (and are either denied or approved), it’s logged on your credit report.

Rather than applying for multiple credit cards at once, take the time to compare your options, understand the features and fees that come with the card and ensure you meet the eligibility requirements before you apply.

Am I eligible?

The standard eligibility requirements usually include:

  • Age. At least 18 years old.
  • Minimum income. You’ll may be required to meet a minimum income.
  • Residential status. Cardholders typically need to be permanent US residents, though some secured cards are available to temporary residents.
  • Good credit history. Credit history is the basis of approval — so if you’ve got a history of bad debts, missed payments or bankruptcy, you should consider some alternative credit options, like a personal loan.
    Order a free copy of your credit score here

You’ll also be required to provide information such as proof of identity (for example, your driver’s license or passport) and proof of income (including your employer’s information and recent pay stubs), so make sure you have these handy.

What to consider before changing credit cards

There are a few important factors to consider before you make the switch:

  • What type of card do you want? If you’re struggling to repay a debt, a 0% balance transfer card might be suitable. Otherwise, you might want to consider a 0% purchase credit card if you have some big-ticket items to purchase. If you repay your balance each month and want to get more from your card, a rewards credit card could help you reach those goals.
  • Promotional offers. Make sure you understand if there are any terms and conditions involved (such as applying before a set date), how long the offer is in place and what the normal rate or fee is when the offer does end.
  • Reward points requirements. You’ll usually have to meet a spend requirement to earn bonus points, so try not to be tempted to overspend as you can quickly find yourself in credit card debt if you’re unable to repay the balance before it accrues interest.
Create a realistic budget and payment plan
Consider the annual fee, interest rates and any other fees that come with that card and consider how they fit into your budget. While the card will have a minimum repayment amount, you should make a payment plan that ensures you can pay more than this each month. Ideally, you’ll want to pay off the entire balance before the statement period ends and the debt accrues interest.

What should I do if I’ve been rejected for a credit card?

You should wait at least a few months before applying for another and during this time, you should work on paying down any existing debts to prove your ability to repay. If you do this for a few months, the repayments you’re making on your existing debt should help improve your credit score and as long as you meet the eligibility requirements, you should improve your chances of future approval.

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