Benefits of getting a second credit card

Explore the advantages of having a second credit card, from increased credit limit to more rewards programs and improved credit scores.
Benefits of getting a second credit card
4 min read
25 July 2023

Credit cards are an important part of our daily lives for the vast benefits, such as easy EMI payments, rewards, cashback, complementary perks and more. In most cases, one credit card may be enough, but have you ever wondered if getting a second credit card would double the benefits?

Well, getting a second credit card might be a smart decision for you, here’s why:

Benefit from dual reward programs

Using more than one credit card can help you earn some obvious benefits like a double reward with your second reward card. Let us understand this with an example.

If you have a Bajaj Finserv DSB Bank 10X Signature Credit Card with benefits like 20X accelerated cash points on utility bill payments, monthly milestones, and travel bookings. In this instance, getting another card with a bunch of other exclusive benefits like complimentary airport lounge access, and movie offers, etc. can double your experience.

Improve your credit score

Another benefit of having more than one credit card is that it helps improve your credit score. By using two credit cards responsibly and ensuring timely payments, you can increase your credit limits and improve your credit score.

Get credit in emergency situations

Having a backup credit card can come in handy during emergencies. Let us assume you have a basic credit card that offers regular reward points but does not offer features like an emergency cash advance. In such an instance, you can use your second credit card.

Bajaj Finserv co-branded credit cards offer unique features on top of the regular reward schemes.

Peace of mind during travel

Lastly, having at least one backup credit card during travel is always useful. By having a second credit card, you can feel secure knowing you have another option in case of emergency. It can help you with cash withdraw while traveling. Many Bajaj Finserv co-brand credit cards offer features like emergency cash advances so that your mind is at peace while you are on the go.

In conclusion, a second credit card can be beneficial in many ways, including additional credit limits, reward structures, improving credit scores, and financial security. It is important to use both cards responsibly and ensure timely payments to maintain a positive credit history.

Frequently asked questions

Is it good to have two credit cards?

Yes, having two credit cards can help you manage your credit utilisation better and improve your credit score. There are other benefits like additional finances, and rewards across different types of spending.

Can two credit cards improve your credit score?

Yes, it helps in improving your credit score. Having two credit card means that you can split your transactions between the two cards which helps in reducing credit utilisation on each card.

Can we have two credit cards from the same bank?

Yes, you can have two cards from the same credit issuers. You need to show responsible financial behaviour to get your second credit card.

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