Will applying for a credit card hurt my credit score?

Last Updated: Jun 04, 2013 10:07PM UTC

Applying for a new credit card is considered a "hard" inquiry, meaning it will appear on your credit report. Inquiries can affect your credit score, especially if many occur around the same time.

The impact of inquiries on your credit varies by individual. Generally, the impact of inquiries is relatively small and may last only for a short period. According to myFICO.com, an individual inquiry will take less than five points of an average consumer's credit score. Additionally, credit inquiries have the largest impact for the fix six months they appear on your credit report.

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