Is it a bad idea to keep applying for credit cards when you are unemployed and would it be a good idea to get a grant to pay off all cards?

Answered on September 28, 2012
Updated on September 28, 2012
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller

Good question!
You can apply for a credit card when you are unemployed only if you have some source of income. But as I understand you have already had credit card and not one. If I’m right it would be better if you refrain from applying for a new credit card. Instead, if you do have some income, try to manage your current credit accounts properly. You don’t need a grant to pay off all your cards at once. Everything you need is to make payments on your credit card on time, watch over your spendings, and stay within limits. Try not to put big purchases on your card: you only need to show the activity. Doing this you won’t ruin your credit history and credit score.
Once again, don’t pay off all your credit cards at once, it won’t help your credit score. If you can make on time payments – do it, it will be enough for your credit history to be in good shape. But if it is impossible for you to make at least minimum timely payments then you can get a grant and pay off all your credit cards. Remember if you close all your credit accounts you will ruin your credit score.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question


The Merrick Bank Secured Visa® from Merrick Bank may help you build your credit if you use your card responsibly with no late payments. Your account activity will be reported to all three major credit bureaus. Moreover, you will be able to get your updated FICO® Score each month for free to track your score changes.
To start with, it is very important to note that secured credit cards may come with no application or processing fee but most of them do offer an annual fee. In addition, secured credit cards typically do not offer competitive interest rates and that's because of the risk of payment default. Please see a list of the best secured credit cards on offer here, look over the terms and conditions for the secured credit card of your choice and apply online.
First of all, make sure your credit score is high enough to qualify. As a rule, airline co-branded credit cards are for people with good or excellent credit. Those whose credit is close to good credit, may also qualify for such card. Then, if your primary goal is credit building only, or even if you want to earn some points, Interjet Platinum credit card may not be as good. The card's rewards program is not one of the rewarding, and if you are planning to carry a balance, your points may be eaten by interest. When applying for a rewards credit card, it is recommended to pay off the card...

Have A Credit Card Question? Ask Our Experts

Help us personalize your results
Your Credit History:
Do you have checking account?
How long have you had a loan or credit card?
Have you ever been declared bankrupt or defaulted on a loan?
Have you been late on any credit card or loan in the last year?
* - marked fields are required to be filled
By submitting your question, you agree to the following:*
Here at we will answer all questions to the best of our knowledge and understanding, but we are not legally accredited professionals. We assume no liability for actions resulting from our advice and cannot guarantee the accuracy of information in all cases. Please seek appropriate professional or legal advice when needed.


There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.