How To Choose The Best Second Credit Card

How To Choose The Best Second Credit Card

How To Choose The Best Second Credit Card

How To Choose The Best Second Credit Card

November 22, 2023

November 22, 2023

November 22, 2023

November 22, 2023

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How To Choose The Best Second Credit Card
How To Choose The Best Second Credit Card
How To Choose The Best Second Credit Card
How To Choose The Best Second Credit Card

An essential financial tool, credit cards offer a world of convenience to their users. They can help build credit history, earn users cash back, miles, rewards, and protect one’s purchases. However, choosing a credit card can be overwhelming, especially when trying to get your second credit card.

While some people are stuck paying off their credit card debt, others are looking to get a second card. It's important to choose right and pick a card that complements one’s spending habits and financial goals. In this blog post, we’ll share some insightful tips on how to choose the best second credit card for you.

Is Getting a Second Credit Card Right for You?

The first question one might ask themselves is “why should I get a second card?” Afterall, one card might be more than enough to manage. However, a second credit card can bring a plethora of benefits. Not only can it help improve your credit score, but it can also increase your purchasing power and allow you to earn great rewards. 

However, it's important to consider the added financial responsibility and risk that comes with a second card. Before making a decision, take the time to research and choose a card that will truly benefit you. Having a solid plan in place to manage both your accounts is just as important.

An essential financial tool, credit cards offer a world of convenience to their users. They can help build credit history, earn users cash back, miles, rewards, and protect one’s purchases. However, choosing a credit card can be overwhelming, especially when trying to get your second credit card.

While some people are stuck paying off their credit card debt, others are looking to get a second card. It's important to choose right and pick a card that complements one’s spending habits and financial goals. In this blog post, we’ll share some insightful tips on how to choose the best second credit card for you.

Is Getting a Second Credit Card Right for You?

The first question one might ask themselves is “why should I get a second card?” Afterall, one card might be more than enough to manage. However, a second credit card can bring a plethora of benefits. Not only can it help improve your credit score, but it can also increase your purchasing power and allow you to earn great rewards. 

However, it's important to consider the added financial responsibility and risk that comes with a second card. Before making a decision, take the time to research and choose a card that will truly benefit you. Having a solid plan in place to manage both your accounts is just as important.

Things To Consider When Choosing The Best Second Credit Card

1. Determine How You Want To Use The Card: Prior to making any sort of financial decision, one should determine what their goals are. The same goes for when applying for a second credit card. Do you want this to be a credit card for everyday purchases, is it for travel, business expenses? These types of questions will help you weed out the important information for what features one should look for in a credit card. 

For example, if somebody is looking to travel often, a card with no annual feed and offers travel perks like airport lounge access and free checked bags could be ideal for them.

2. Analyze Your Spending Habits: Evaluating spending habits should be next on the list of things to consider when choosing a second credit card. Check and see what areas you tend to frequently spend on. Most credit cards offer rewards for specific spending categories so matching credit card categories to your spending habits could result in benefits.

3. Avoid Surprises, Check Credit Card Fees: Most credit cards come with fees such as late payment fees, balance transfer fees, and cash advance fees. Others may have an annual fee as well. When looking to open up a second credit card, be sure to review all the fees for that card so you avoid any unpleasant surprises. Fees associated with credit cards can significantly affect your rewards or cash benefits, so make sure you take into consideration fees when deciding on a credit card.

4. Compare Interest Rates: Based on the card issuer and other factors, credit card interest rates can range a lot. If you’re somebody who carries a balance on your card, the interest rate will make a big difference for you. If this is somebody like yourself, look for cards that offer a low interest rate so you save money over time.

5. Research Rewards Programs: Credit card rewards programs can be game changers. Some offer benefits like cash back, points, travel points and even gift cards.  While this may all seem good, it’s necessary to see how rewards are earned and the redemption process. Some rewards cards will have minimum requirements to earn or redeem benefits, while others may offer bonus points if you meet a specific spending threshold.

6. Risks of Increased Debt: While having additional purchasing power can be enticing, it's crucial to be responsible when it comes to managing your debt. As the saying goes, "with great credit comes great responsibility." It’s strongly advised against getting a second credit card solely for the purpose of increasing your spending power unless you have a solid plan in place to ensure you can handle the additional bills.

Things To Consider When Choosing The Best Second Credit Card

1. Determine How You Want To Use The Card: Prior to making any sort of financial decision, one should determine what their goals are. The same goes for when applying for a second credit card. Do you want this to be a credit card for everyday purchases, is it for travel, business expenses? These types of questions will help you weed out the important information for what features one should look for in a credit card. 

For example, if somebody is looking to travel often, a card with no annual feed and offers travel perks like airport lounge access and free checked bags could be ideal for them.

2. Analyze Your Spending Habits: Evaluating spending habits should be next on the list of things to consider when choosing a second credit card. Check and see what areas you tend to frequently spend on. Most credit cards offer rewards for specific spending categories so matching credit card categories to your spending habits could result in benefits.

3. Avoid Surprises, Check Credit Card Fees: Most credit cards come with fees such as late payment fees, balance transfer fees, and cash advance fees. Others may have an annual fee as well. When looking to open up a second credit card, be sure to review all the fees for that card so you avoid any unpleasant surprises. Fees associated with credit cards can significantly affect your rewards or cash benefits, so make sure you take into consideration fees when deciding on a credit card.

4. Compare Interest Rates: Based on the card issuer and other factors, credit card interest rates can range a lot. If you’re somebody who carries a balance on your card, the interest rate will make a big difference for you. If this is somebody like yourself, look for cards that offer a low interest rate so you save money over time.

5. Research Rewards Programs: Credit card rewards programs can be game changers. Some offer benefits like cash back, points, travel points and even gift cards.  While this may all seem good, it’s necessary to see how rewards are earned and the redemption process. Some rewards cards will have minimum requirements to earn or redeem benefits, while others may offer bonus points if you meet a specific spending threshold.

6. Risks of Increased Debt: While having additional purchasing power can be enticing, it's crucial to be responsible when it comes to managing your debt. As the saying goes, "with great credit comes great responsibility." It’s strongly advised against getting a second credit card solely for the purpose of increasing your spending power unless you have a solid plan in place to ensure you can handle the additional bills.

Benefits of Getting a Second Credit Card

Maximize Your Rewards Potential

If you're looking to earn bonus rewards on different categories of purchases, a second credit card tailored to your specific needs can be a great tool. For example, if your current card offers bonuses on travel and dining purchases but not on groceries, it could be ideal to get a second card that offers grocery bonuses.

Boost Your Credit Profile

As mentioned earlier, obtaining a second credit card can boost your credit score and open up a new avenue to more rewards. If your first card has a limit of $5,000 and you usually spend about $2,000, your credit utilization ratio is 40%. Now if you decide to get a second credit card that also has a $5,000 limit and you spread that $2,000 across both cards, your new credit utilization ratio would be 20%. This number falls under the 30% maximum and can have a positive impact on your credit profile. 

The Right Time For a Second Credit Card

There is no real “right time” to get a second credit card, it all depends on the person’s personal needs and some circumstances. If you feel like you've outgrown your current credit card, it may be time to explore the options for a second card. Let’s say you have a card with limited rewards, it may be time to get a card to start earning better rewards.

Your Credit Score Is High Enough

A good credit score is essential for getting approved for a second credit card. If you’ve been diligent about paying off your bills on time and managing your credit utilization, your score may be high enough to qualify for another card. A score of 700 or above is a good place to start.

A Big Expense In The Near Future

If you’re planning a big expense, such as a home down payment or a wedding, a second credit card can help you finance the cost and potentially earn rewards in the process. Cards with a 0% introductory APR or low interest rates are the best for this so you can minimize the amount of interest needed to pay on the balance. It’s important to pay the balance off before the promotional period ends in order to avoid racking up interest charges.

Frequent Traveler

For those who travel often, a travel rewards credit card could be a match made in heaven. These cards are notorious for their perks and benefits, from free hotel stays to airport lounge access. There are cards that offer generous sign-up bonuses, points or miles for travel purchases, and other travel-related perks like free checked bags or TSA PreCheck reimbursement.

Should You Get A Second Credit Card

There are a wide variety of things to consider when choosing the best second credit card. By understanding one’s goals and priorities, it will make it easier to find a card with the features that match their needs. Keep in mind to check interest rates, fees, rewards programs, and other features to find a card right for you.

Benefits of Getting a Second Credit Card

Maximize Your Rewards Potential

If you're looking to earn bonus rewards on different categories of purchases, a second credit card tailored to your specific needs can be a great tool. For example, if your current card offers bonuses on travel and dining purchases but not on groceries, it could be ideal to get a second card that offers grocery bonuses.

Boost Your Credit Profile

As mentioned earlier, obtaining a second credit card can boost your credit score and open up a new avenue to more rewards. If your first card has a limit of $5,000 and you usually spend about $2,000, your credit utilization ratio is 40%. Now if you decide to get a second credit card that also has a $5,000 limit and you spread that $2,000 across both cards, your new credit utilization ratio would be 20%. This number falls under the 30% maximum and can have a positive impact on your credit profile. 

The Right Time For a Second Credit Card

There is no real “right time” to get a second credit card, it all depends on the person’s personal needs and some circumstances. If you feel like you've outgrown your current credit card, it may be time to explore the options for a second card. Let’s say you have a card with limited rewards, it may be time to get a card to start earning better rewards.

Your Credit Score Is High Enough

A good credit score is essential for getting approved for a second credit card. If you’ve been diligent about paying off your bills on time and managing your credit utilization, your score may be high enough to qualify for another card. A score of 700 or above is a good place to start.

A Big Expense In The Near Future

If you’re planning a big expense, such as a home down payment or a wedding, a second credit card can help you finance the cost and potentially earn rewards in the process. Cards with a 0% introductory APR or low interest rates are the best for this so you can minimize the amount of interest needed to pay on the balance. It’s important to pay the balance off before the promotional period ends in order to avoid racking up interest charges.

Frequent Traveler

For those who travel often, a travel rewards credit card could be a match made in heaven. These cards are notorious for their perks and benefits, from free hotel stays to airport lounge access. There are cards that offer generous sign-up bonuses, points or miles for travel purchases, and other travel-related perks like free checked bags or TSA PreCheck reimbursement.

Should You Get A Second Credit Card

There are a wide variety of things to consider when choosing the best second credit card. By understanding one’s goals and priorities, it will make it easier to find a card with the features that match their needs. Keep in mind to check interest rates, fees, rewards programs, and other features to find a card right for you.

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Hiatus may receive compensation when you click on links associated with this Hiatus Learn Center. Hiatus is not being compensated for any application, quotation, or the purchase of any financial products.


Hiatus has partnered with MyBankTracker for our coverage of savings account products. Hiatus and MyBankTracker may receive compensation from advertisers when you click on links associated with these savings account products. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MyBankTracker does not include all companies or all savings products. 


Hiatus has partnered with CardRatings for our coverage of credit card products. Hiatus and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are Hiatus' alone, and have not been reviewed, endorsed or approved by any of these entities.


Hiatus is not an insurer or insurance producer. Savvy is the licensed insurance producer supporting the Hiatus/Savvy program. All insurance information and underwriting is provided by Savvy and its licensed insurance partners.


Hiatus has partnered with AmONE for our coverage of personal loan products. Hiatus and AmONE may receive compensation when you click on links associated with personal loan products. In certain situations, compensation may impact where products appear on the site (including the order in which they appear). AmONE does not include all loan companies or all types of loan products.


You are being referred to ADVR LLC’s website ("Advisor") by Hiatus, a solicitor of Advisor ("Solicitor"). The Solicitor that is directing you to this webpage will receive compensation from Advisor if you enter into an advisory relationship or into a paying subscription for advisory services. Compensation to the Solicitor may be up to $2,000. You will not be charged any fee or incur any additional costs for being referred to Advisor by the Solicitor. The Solicitor may promote and/or may advertise Advisor’s investment adviser services and may offer independent analysis and reviews of Advisor’s services. Advisor and the Solicitor are not under common ownership or otherwise related entities. Additional information about Advisor is contained in its Form ADV Part 2A available here.

© 2024 Hiatus, Inc. All rights reserved

© 2024 Hiatus, Inc. All rights reserved

Advertiser Disclosure:


Hiatus may receive compensation when you click on links associated with this Hiatus Learn Center. Hiatus is not being compensated for any application, quotation, or the purchase of any financial products.


Hiatus has partnered with MyBankTracker for our coverage of savings account products. Hiatus and MyBankTracker may receive compensation from advertisers when you click on links associated with these savings account products. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MyBankTracker does not include all companies or all savings products. 


Hiatus has partnered with CardRatings for our coverage of credit card products. Hiatus and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are Hiatus' alone, and have not been reviewed, endorsed or approved by any of these entities.


Hiatus is not an insurer or insurance producer. Savvy is the licensed insurance producer supporting the Hiatus/Savvy program. All insurance information and underwriting is provided by Savvy and its licensed insurance partners.


Hiatus has partnered with AmONE for our coverage of personal loan products. Hiatus and AmONE may receive compensation when you click on links associated with personal loan products. In certain situations, compensation may impact where products appear on the site (including the order in which they appear). AmONE does not include all loan companies or all types of loan products.


You are being referred to ADVR LLC’s website ("Advisor") by Hiatus, a solicitor of Advisor ("Solicitor"). The Solicitor that is directing you to this webpage will receive compensation from Advisor if you enter into an advisory relationship or into a paying subscription for advisory services. Compensation to the Solicitor may be up to $2,000. You will not be charged any fee or incur any additional costs for being referred to Advisor by the Solicitor. The Solicitor may promote and/or may advertise Advisor’s investment adviser services and may offer independent analysis and reviews of Advisor’s services. Advisor and the Solicitor are not under common ownership or otherwise related entities. Additional information about Advisor is contained in its Form ADV Part 2A available here.

© 2024 Hiatus, Inc. All rights reserved

Advertiser Disclosure:


Hiatus may receive compensation when you click on links associated with this Hiatus Learn Center. Hiatus is not being compensated for any application, quotation, or the purchase of any financial products.


Hiatus has partnered with MyBankTracker for our coverage of savings account products. Hiatus and MyBankTracker may receive compensation from advertisers when you click on links associated with these savings account products. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MyBankTracker does not include all companies or all savings products. 


Hiatus has partnered with CardRatings for our coverage of credit card products. Hiatus and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are Hiatus' alone, and have not been reviewed, endorsed or approved by any of these entities.


Hiatus is not an insurer or insurance producer. Savvy is the licensed insurance producer supporting the Hiatus/Savvy program. All insurance information and underwriting is provided by Savvy and its licensed insurance partners.


Hiatus has partnered with AmONE for our coverage of personal loan products. Hiatus and AmONE may receive compensation when you click on links associated with personal loan products. In certain situations, compensation may impact where products appear on the site (including the order in which they appear). AmONE does not include all loan companies or all types of loan products.


You are being referred to ADVR LLC’s website ("Advisor") by Hiatus, a solicitor of Advisor ("Solicitor"). The Solicitor that is directing you to this webpage will receive compensation from Advisor if you enter into an advisory relationship or into a paying subscription for advisory services. Compensation to the Solicitor may be up to $2,000. You will not be charged any fee or incur any additional costs for being referred to Advisor by the Solicitor. The Solicitor may promote and/or may advertise Advisor’s investment adviser services and may offer independent analysis and reviews of Advisor’s services. Advisor and the Solicitor are not under common ownership or otherwise related entities. Additional information about Advisor is contained in its Form ADV Part 2A available here.

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Advertiser Disclosure:


Hiatus may receive compensation when you click on links associated with this Hiatus Learn Center. Hiatus is not being compensated for any application, quotation, or the purchase of any financial products.


Hiatus has partnered with MyBankTracker for our coverage of savings account products. Hiatus and MyBankTracker may receive compensation from advertisers when you click on links associated with these savings account products. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MyBankTracker does not include all companies or all savings products. 


Hiatus has partnered with CardRatings for our coverage of credit card products. Hiatus and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are Hiatus' alone, and have not been reviewed, endorsed or approved by any of these entities.


Hiatus is not an insurer or insurance producer. Savvy is the licensed insurance producer supporting the Hiatus/Savvy program. All insurance information and underwriting is provided by Savvy and its licensed insurance partners.


Hiatus has partnered with AmONE for our coverage of personal loan products. Hiatus and AmONE may receive compensation when you click on links associated with personal loan products. In certain situations, compensation may impact where products appear on the site (including the order in which they appear). AmONE does not include all loan companies or all types of loan products.


You are being referred to ADVR LLC’s website ("Advisor") by Hiatus, a solicitor of Advisor ("Solicitor"). The Solicitor that is directing you to this webpage will receive compensation from Advisor if you enter into an advisory relationship or into a paying subscription for advisory services. Compensation to the Solicitor may be up to $2,000. You will not be charged any fee or incur any additional costs for being referred to Advisor by the Solicitor. The Solicitor may promote and/or may advertise Advisor’s investment adviser services and may offer independent analysis and reviews of Advisor’s services. Advisor and the Solicitor are not under common ownership or otherwise related entities. Additional information about Advisor is contained in its Form ADV Part 2A available here.

© 2024 Hiatus, Inc. All rights reserved

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