i’ve applied for several credit cards this month. does this somehow affect my credit?
Answered on Friday, December 31st, 2010 by
Amy Miller

If you continue this way it will, actually. Every time you apply for a credit card your credit status is inquired. Such inquiries will stay on your credit report just for about a year but still credit card issuers are quite curious about how many inquiries you’ve made over the last six months. If there are more than ten inquiries within this period showing you are desperately looking for credit, cc companies will consider you high risk and, as a result, you will be approved less likely for a credit card. So it is better not to apply for a huge amount of credit cards in a six month period.

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