 TITLE: When Should I Apply for Another Credit Card? CONTENT: When It Can Be a Good Idea to Get Another Credit Card\n-----------------------------------------------------\nConsider seeking a new credit card when you're in one of the following situations:\n*   **Your credit score has improved**: If you already have a credit card and your credit score has increased since you first got it, you might now be eligible for a new credit card with premium benefits. That can be the case if you have a student credit card from your college days, or a secured credit card you used to build credit.  \n    You may want to apply for a card that offers a higher cash back rewards rate or the opportunity to rack up points for travel, if that's more in line with your current lifestyle. These cards also typically require good or excellent credit, which shouldn't be a problem if you've been practicing good credit habits.\n*   **You'd be able to take advantage of promotions**: Some cards offer a 0% promotional annual percentage rate (APR) for a year or more. It can be a smart financial move to use this period to make interest-free purchases. Other cards offer cash bonuses if you spend over a certain threshold in the first few months of having the card. If you're planning a wedding or home renovation, for instance, you're likely hit a credit card's minimum spending requirement. Getting a card with a high sign-up bonus could mean, in effect, a discount on your purchases.\n*   **You have a history of managing credit responsibly**: Honestly assess whether you'll be able to juggle your new credit card along with what you already have. Prioritize making payments on time every month and keeping your balance low. If you're gunning for a sign-up bonus, make a plan to pay off the balance as soon as possible. Access to more credit shouldn't mean more spending beyond what you can afford to pay off. END