Getting a new card will temporarily drop your score a few points.

If you’re like me that charges everything to a credit card, then you need a lot of available credit to keep the credit utilization low. You want it below 10%.

High credit utilization is going to drop your score more than opening a new card.

Say I have 1 card that has 15k limit. If I spend 10k on it. I have a 66% credit utilization. My score would be horrible.

Now, if I get 7 cards and each have 15k limits. If I spend 10k on them then I have less than a 10% credit utilization and my score would be good.

Can I get 1 or 2 cards that have credit limit of 105k. Yes. But I have found increasing limit is harder than getting a new card.

With a new card you can get 0% apr which is free borrowing of money for 12 to 15 months.

You can get a welcome bonus which are usually very good.

And you can set it up so that you might be getting more rewards like 5% cash back on dinning or other things that another card might not give.

Getting more cards has it’s advantages