If you're just starting to build your credit, you probably already know how difficult it is to get a credit card when you have little or no credit history.
If you have somehow managed to get approved for one credit card, the idea of jumping through another set of hoops to get a second credit card probably isn’t appealing. It may even seem illogical. After all, having only one credit card instead of two should theoretically enable you to manage that card more carefully — so your credit score would improve, right?
Here’s the rub: The US credit industry isn’t monitoring how easy your credit cards are for you to manage. They’re monitoring whether you manage debt well. As far as the US credit industry is concerned, managing multiple credit lines impeccably is more difficult to do — and therefore more impressive — than managing only one.
So, if you want to demonstrate creditworthiness, consider having more than one credit card. Then, maintain those accounts impeccably over time: i.e., pay off your cards on time and in full every month.
Protip: when you decide to get a second card, find a credit card company, like Jasper, that is committed to making the credit experience hassle-free even for individuals who are new to credit. For example:
Jasper evaluates applicants using a holistic approach rather than just focusing on your credit score or credit history. This makes it possible to approve deserving applicants even if they are new to credit.
Jasper enables auto payments, so you don’t need to remember to pay your bill every month — just set it and forget it. Jasper even offers unique autopay options that allow you to align your payment plan to your credit goals.
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