Numerous credit cards

kitchendemon

Hi all,
I'm pretty new to borrowing and have one credit card I used to by some furniture and white goods. It's getting towards the end of my 0% and I need to transfer.
If I'm offered less than my current balance as the credit limit (i.e. I owe around £4000 and had an estimated limit on the new card of £1500), can I apply for multiple cards with different banks to spread the debt, without damaging my credit score?
I've never missed a payment and pay more than the minimum.
Cheers!

[Deleted User]

You can apply for further cards. However, too many credit searches can make you look increasingly desperate and may lower your chances of acceptance each time.

Candyapple

More info here:
http://www.moneysavingexpert.com/credit-cards/bad-credit-rating

redpete

Keeping an ongoing balance on a CC, albeit a 0% one, will already be damaging your credit score.

CLAPTON

kitchendemon wrote: »

Hi all,
I'm pretty new to borrowing and have one credit card I used to by some furniture and white goods. It's getting towards the end of my 0% and I need to transfer.
If I'm offered less than my current balance as the credit limit (i.e. I owe around £4000 and had an estimated limit on the new card of £1500), can I apply for multiple cards with different banks to spread the debt, without damaging my credit score?
I've never missed a payment and pay more than the minimum.
Cheers!

best to stay new to borrowing and stop before you get into debt

CC are very good if used properly i.e. regularly but pay in full every month