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how many credit cards should I apply??

pcyam
Posts: 651 Forumite
my MBNA 0% purchase is coming to an end and I have applied for a BT card, I've never done a BT before and was wondering is one enough or should I apply for another as a backup plan in case this gets declined?? But I dont want this to affect my credit file.
Thanks in advanced
Thanks in advanced
0
Comments
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You need one card that matches the amount of debt that you have on your MBNA card. However, you may get a low credit limit and need a second card in order to transfer the total debt. It depends what credit limits you get and whether or not you get a card in the first place.But I dont want this to affect my credit file.
ClarimanAuthor of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk0 -
If you also said that your MBNA card is nearing its promo period, how long?
You should give enough time to look for another card I would say 6-8 weeks.
Good luck.0
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