Does applying for multiple credit cards hurt my CIBIL score?
Balakrishna Lakra
Asked 25 Feb 2026
26
I plan to apply for 3 credit cards in 2 months to maximise rewards. Will this hurt my credit score and my future loan eligibility?
1 Answer
12
Shivakumar Khatri·26 Feb 2026
Short answer: no, EMI on credit card is not cheaper than a personal loan for large amounts (>₹50,000). The processing fee (~₹199-₹599) plus the interest (~14-16% reducing) usually adds up to slightly more than a personal loan rate of 11-13%. But for small-ticket EMI (₹10-20K), it is fine.
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