Do you want to use multiple credit cards?
Do you want to use two Discover cards and wondering whether Discover allows you to have multiple card or not?
If that the case, you are on the right page. Here we have explained all you need to know about having multiple Discover cards.
So, let’s get started.
Short answer: Yes, you can have two credit cards from the same bank including the Discover. However, having multiple credit cards might not be a good fit for you as it has its own pros and cons.
Continue reading to know more in detail.
Can you have two Discover cards?
Yes, you can have two Discover cards at a time.
Well, you cannot have more than two Discover cards open at a time.
Also, you can only order a new Discover card only when you are using the first Discover for at least one year.
How many Discover cards can you have?
Yes, Discover allows you to have more than one card at a time. But this limit has been set to two cards.
It means you cannot have more than two Discover cards open at a time.
Also, you are only limited to one new Discover card per year, so you will have to use the first Discover card for at least one year before you can order the second Discover card.
Well, one Reddit user confirmed that he is able to order a Discover only just after the six months of usage of his first cards:
Also note that if you have two Discover cards, only one of them can be a secured card or a student card.
Apart for this, you can have any type of Discover card that you want, there are no restrictions on that. This means you have the freedom to choose from a wide variety of Discover cards according to your financial needs.
Can you have two credit cards from the same bank?
Yes, you can have two credit cards from the same bank as most of the banks allow it, but it is not a rule of thumb.
Some, banks may not allow you to have to more than one credit cards.
Well, having two credit cards have its own pros and cons.
Having two credit cards from the same bank can help you save money only when your spending habits are aligned with the rewards and fees of the credit cards.
Having two credit cards can from the same bank account could be trouble when there is a problem with one of your card and bank freezes your both credit cards.
As in case of identity theft, your bank or card issuer might block all your cards till its investigation.
Another con of having two credit cards from the same bank is that you won’t be balance transfer between credit cards.
In general there can also be other cons for applying to multiple credit cards. Applying for a credit card requires a hard credit inquiry, which might dip your credit score for some time.
To know more about pros and cons of having multiple credit cards from same bank, you could refer to cardratings.com article about pros and cons of multiple credit cards from same card issuer.
To conclude, I would like to say that you can have two credit cards from the same bank at a time as most of the banks allow it, however it is not a rule of thumb.
In the case of discover, yes discover allows you to have two credit cards at a time as detailed above in the post.
So, that’s all for now. I hope, this post helped you find the answer you were looking for.
Goodbye for now. Don’t have a good day, have a great day!