Can You Have Multiple Lines of Credit?

Yes, you can have more than one line of credit—but every new one affects how lenders see your overall debt, risk, and affordability.

They’ll look at things like your credit score, income, existing credit limits, and payment history before approving another line.

Even if you’re approved, too many open lines can make it easier to overborrow and hurt your credit if balances creep up.

KOHO Line of Credit

If you want a line of credit that’s simple and transparent, KOHO Line of Credit is designed to be flexible and easy to understand:

• Apply online for about $1,000–$15,000 in available credit

• Get interest rates as low as 19.9%

• Only pay interest on what you actually use, not on your full limit

• Avoid extra charges—no late, annual, or origination fees, just the interest on what you borrow

• Apply without a hard credit hit; checking if you qualify won’t impact your credit score.

When Having Multiple Lines of Credit Can Make Sense

Having more than one line of credit might be reasonable if you:

• Use one for larger, planned expenses (like renovations or big purchases)

• Keep another mainly as a backup for emergencies

• Are disciplined about how much you borrow and how fast you pay it back

The key is that your total borrowing should still fit comfortably in your budget.

Risks of Having Multiple Lines of Credit

Before opening more than one, keep in mind:

• Higher total available credit can tempt you to spend more than you planned.

• Carrying high balances on multiple lines can hurt your credit score.

• More accounts mean more payments to track, so it’s easier to miss one if you’re not organized.

If you already feel stretched, it’s usually better to focus on paying down what you have instead of opening another line.