Yes, you can have two Discover cards. But Discover does not allow you to have more than two of its cards open at the same time. You’re also limited to one new Discover card per year, so make sure you have the first Discover card for at least that long before you apply for a second.
If you do have two Discover cards, only one of them can be a student card or a secured card. Other than that, there are no restrictions on the types of Discover cards you can have. This enables you to apply for whichever two Discover cards best fit your financial situation. For example, you may want to have Discover it® Cash Back on hand for everyday purchases and then apply for the Discover it® Miles to cover your travel expenses.
You can only have 2 Discover credit cards at the same time. To get your 2nd Discover card, you must have had the 1st card open for at least 1 year. Your 2 Discover cards can be different or the same, but only of them can be a student card or a secured card. Some people might get 2 of the same card to get around and double their quarterly spending limits for bonus categories. If you want 2 Discover cards, it’s probably best to have them cover different needs. For example, you could get 1 … read full answerDiscover it® Cash Back card for your everyday spending and 1 Discover it® Miles card for travel purchases.
Here is how many Discover cards you can have:
As a primary cardholder: Up to 2 accounts. You must have the 1st card open for a year before getting a second. Your 2nd card can be different or the same, but only one can be a student or secured card.
Per account: You can get up to 5 cards for authorized users per account.
As an authorized user: There’s no limit reported for how many Discover accounts you can be an authorized user on.
Yes, you can generally have two credit cards from the same bank, as most issuers allow that. There isn’t one card that offers the best terms for every purchase category, along with the lowest rates and fees. So using more than one credit card may help you save money by enabling you to get the most out of each transaction. But an extra credit card account may also come with potential drawbacks.… read full answer
There are some drawbacks that come with having two or more credit cards from the same bank. If identity theft is suspected, the bank could block you from all the accounts until it investigates. Second, you would not be able to balance transfer between credit cards from the same institution. Other than that, you need to be mindful of the risks associated with having multiple credit cards in general. Applying for credit cards generally triggers hard inquiries which can cause a temporary dip in your credit score. Also, having more than one credit card gives you another due date to remember and increases your potential to rack up debt – setting up automating credit card payments is good practice, especially when having multiple accounts.
Having two credit cards from the same bank can definitely help you save as long as their rewards are aligned with your spending habits and outweigh their fees. If you need help picking a new credit card, feel free to check out WalletHub’s free CardAdvisor tool for a personalized credit card recommendation.
If denied for a Discover card, the first step is to find out why Discover rejected the application. The reasons will be listed in the denial letter Discover sends out shortly after its decision. They may include an annual income below what’s needed to make minimum monthly payments, a low credit score, too many recent credit inquiries or a high amount of debt, among others. Discover will also deny people who already have two open Discover card accounts or who are applying for a second less than a year after getting the first. Incomplete or inaccurate information on the application could result in a denial, too.… read full answer
Next, review your credit report to make sure there are no errors that could trigger a denial. If you notice any discrepancies, dispute them with the credit bureau(s) immediately. It’s always a good idea to do this before you apply to minimize the risk of being denied.
After you’ve determined the reason(s) you were denied for a Discover card, if you think your application deserves a second look, try a reconsideration. Discover does not have a dedicated phone line for reconsiderations, but you can call customer service at 1 (800) 347-2683. If there have been significant positive changes in your credit profile or your finances since you applied, it may be worth a try. But it’s not easy to get a denial overturned.
If reconsideration is unsuccessful, consider applying for a card with higher odds of approval, such as a secured credit card with no credit check. Or, you can sign on to another person’s account as an authorized user. This allows you to build credit without being responsible for payments every month.
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