Credit Tips: Does Applying for a Credit Card Effect Credit Rating?

Posted On: February 1, 2006

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Posted: Tue Oct 12, 2004 3:41 pm
Post subject: Does Applying for a Credit Card Effect Credit Rating?

sbocks
Date: 1/19/2001 11:25 am CDT

What, if any, affects are there to your credit if you apply for a credit card? I know if a person is applying for a loan an inquiry will be posted. Does it happen the same way with credit cards?

archive
Posted: Tue Oct 12, 2004 3:41 pm
Post subject: Does Applying for a Credit Card Effect Credit Rating?
Board Monitor - AD
Date: 1/19/2001 7:37 pm CDT

Dear sbocks,

Each time you apply for a credit card your credit report is checked (in most cases) and an inquiry is posted on your credit profile. Though this is quite normal, you do not want to apply to too many credit cards in any one time, as each inquiry lowers your credit score.

Sincerely,
Alex Daskaloff
http://www.creditcardfreedom.com