Taking out multiple balance transfer cards at once?

bekkxo

Hey!

For context my financial situation is improving after some bad health and missed payments and I finally have some balance transfer options open to me.

I have opened one and transfered a small amount of my debt but can I open more that one (if approved) in quick succession to reduce interest paid? Or is that a bad idea all together?

eskbanker

You can open as many as you like in theory, but in practice the number of hard searches and additional credit lines is likely to scare off prospective lenders.