Most providers cap the number of credit cards customers can have at any one time. This also applies to Discover and the company has its own credit card limitation rules.
Customers are limited to two Discover credit cards at any one time. Typically, you need to have held your first card for at least one year, before you can open a second card. However, it may be possible to get a second card a little sooner.
Discover also allows you to have two versions of the same card. This allows you to maximize your rewards. However, Discover may require additional security checks to confirm that your application is genuine.
Since Discover does not have annual fees, you can pair the rewards in different categories to maximize your cash back.
With so many options on the market, credit cards offer more than just a convenient way to make purchases. With cash back, rewards and other incentives, it was considered commonplace to have multiple cards. However, in this chart using Shiftprocessing data, we can see that the average number of cards per person in the US has dropped from 3.7 in 2009 to 2.7 in 2019.
This shift could be due to the more competitive credit card industry, where card issuers are offering even more incentives to retain their customers. On the other hand, it could also be a result of consumers using other types of finance rather than relying on credit cards.