In the FA Cup, the side reached the third round after victories over Watford and Leicester City but were eliminated by Tottenham Hotspur for the second consecutive season.

Club captain Charlie Brittain was quoted in the South Wales Echo, "We ought to do well, seeing that the present season opens as a sort of continuation of the glorious run we had last year [...] if we do no more than reproduce our old form it must needs be a great side that will stem our progress.

[3][5] Tommy Brown and Willie Page who had both been signed at the start of the previous season were the only notable departures from the first team squad.

[2] In a repeat of the team's first season in the First Division, Cardiff met Tottenham Hotspur at White Hart Lane in the first match of the campaign in a tie that was regarded as the biggest game of the opening day.

Len Davies missed a late chance to win the match when he failed to react to a mistake by the opposition goalkeeper who had misjudged a cross and the game ended in a draw.

[6] Two days later, Cardiff recorded its first win of the season by defeating Aston Villa 3–0 at Ninian Park after a brace from Clennell and one goal from Billy Grimshaw.

[10] However, Arsenal dominated the fixture and won the match 2–1 as Cardiff suffered injuries to Jack Page, already deputising for the injured Jimmy Blair, and Gill.

[5] The defeat saw Cardiff fall to seventh in the table and was the start of a poor run of form that would damage the club's season.

[17] This prompted manager Fred Stewart to make the first major signings of the season, with Fergie Aitken arriving on a free transfer.

He made a goalscoring debut for Cardiff in the reverse fixture against Manchester City with what proved a consolation goal as the side were soundly beaten 5–1.

His return proved pivotal as the team's goalscoring rapidly improved,[18] recording consecutive 5–0 home victories over Blackburn and Newcastle United with Davies and Gill scoring all but one of the goals in the ties.

The result began a strong run of form for the team as they went on to defeat Middlesbrough in back-to-back fixtures, Preston and Burnley.

[23] Cardiff's winning streak ended with a 2–2 draw with Burnley at Ninian Park on 2 April with both goals being scored by Keenor.

[18] As a result, Herbert Kneeshaw, Sidney Evans, Fred Mason, Vince Jones and Billy Taylor were all called upon to make their first appearance of the season and helped the side to a 1–0 victory over Sheffield United.

Watford led the tie with ten minutes remaining before Cardiff scored two late goals through Herbie Evans and Len Davies to finally overcome the lower ranked opponents.

54,000 fans attended the tie at Ninian Park with heavy rain and wind making playing conditions difficult.

Cardiff entered the Welsh Cup in the fourth round as reigning holders having defeated Ton Pentre in the 1922 final.

[2] The team were drawn against Rhymney and proved too strong for the amateur side, recording a 7–0 victory with five different goal scorers and a hat-trick for Gill.

Cardiff captain Blair received the trophy from Football Association of Wales (FAW) vice-president Sydney Nicholls.

He missed only one match in any senior team competition, a 1–0 win over Sheffield United in the First Division,[7] due to an international call-up for Wales.

The match was the only senior appearance that Fred Mason, Vince Jones and Billy Turnbull made for Cardiff during their careers.

[32] This belief proved well founded as Cardiff went on to finish as runners-up in the First Division, missing out on the title on the final day of the season through goal average.