{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/credit-card\/3-reasons-why-you-should-get-a-second-credit-card\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/credit-card\/3-reasons-why-you-should-get-a-second-credit-card\/","headline":"3 Reasons Why You Should Get A Second Credit Card","name":"3 Reasons Why You Should Get A Second Credit Card","description":"Our financial lives now wouldn’t be the same without credit cards. They make our purchases simple and easy, and at the same time get us discounts, cashbacks and rewards. India has roughly 77 million active credit cards, which is more than the entire population of the United Kingdom. But do you ever feel like you’re...","datePublished":"2023-03-06","dateModified":"2024-08-27","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/#Person","name":"IndusInd Bank","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/Second-Credit-Card.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/Second-Credit-Card.jpg","height":400,"width":1060},"url":"https:\/\/www.indusind.com\/iblogs\/credit-card\/3-reasons-why-you-should-get-a-second-credit-card\/","about":["Credit Card"],"wordCount":978,"keywords":["credit card","lifetime free credit card","second credit card"],"articleBody":"Our financial lives now wouldn’t be the same without credit cards. They make our purchases simple and easy, and at the same time get us discounts, cashbacks and rewards. India has roughly 77 million active credit cards, which is more than the entire population of the United Kingdom.But do you ever feel like you’re missing out on extra savings and offers because you only have one credit card? It’s time to start thinking about the advantages of having a second credit card.Having a second credit card can not only help you build better credit, but you’ll also have more options for rewards and discounts. In this blog post, we’ll explore three reasons why you should get a second credit card.Let\u2019s go over the top 3 benefits of having a second credit card.Earn More RewardsOne of the most significant benefits of having a second credit card is the opportunity to earn more rewards. Many credit cards provide various incentives, including cashback, points, and miles. By having two credit cards, you can use each for purchases that better align with their rewards program. For example, one card may offer higher rewards for groceries, while another may offer more for gas or travel expenses. By using both cards strategically, you can maximize the rewards you earn across your spendings.Lower Credit Utilization RatioAnother benefit of having a second credit card is that it can help to lower your credit utilization ratio.Credit utilization ratio is the percentage of your available credit that is currently being used. It is calculated by dividing the total amount of credit you are currently using by the total amount of credit you have available.With a second credit card, you have more available credit, which can help to lower your credit utilization ratio on each card, thereby helping you with improving your credit score.Serve as a BackupLastly, having a second credit card can be an excellent backup plan in case of an emergency. Unexpected expenses can happen, and having a second credit card with a different credit limit and rewards program can provide a safety net.Additionally, if one card has an issue, such as fraud or a lost card, you still have a backup card to use while the issue gets resolved.While having a second credit card has its benefits, it\u2019s essential to use them wisely.Here are a few important tips to keep in mind before you make the decision of getting a second credit card:Don\u2019t overspend just to earn rewards.Do not spend more than you have planned in your budget.Pay off your balance each month to avoid interest charges and debt.Choose a card that offers rewards that align with your lifestyle and spending habits.Read the terms and conditions carefully before applying for a second credit card.In conclusion, having a second credit card can offer several benefits, including the ability to earn more rewards, lower your credit utilization ratio, and serve as a backup plan. However, it\u2019s essential to use credit cards responsibly and only apply for a second card if it aligns with your financial goals and budget.Looking for a second credit card without incurring additional fees and charges. IndusInd Bank offer multiple Lifetime Free Credit Cards that allow you to maximise your benefits, indulging in premium lifestyle privileges all through the year at zero cost! Additionally, you can enjoy a host of lucrative offers when shopping for clothes and groceries, making dinner reservations, booking flight or movie tickets, and much more. Need a lifetime free credit card?Apply online todayDisclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.Share This:"}