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Credit Card Applications » Questions » User Questions » Other » I already have 3 credit cards. Will getting a new one hurt my credit score?

I already have 3 credit cards. Will getting a new one hurt my credit score?

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Leo Zhu

Getting one more credit card will definitely change your credit score in a positive or a negative way. The way your credit score will be changed depends on many factors. For example, a new card will increase your overall available credit and lower your overall credit utilization ratio, which is good for your credit score. A new credit account also means that your overall age of credit history will shrink, which will lower your credit score. However, opening a new credit card won’t significantly change your credit score and a couple of on time monthly payments should bring it back again. You can use our credit score simulator to see how your credit score can possibly change.

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