Does merely applying for a credit card affect your credit?

advertisement
get credit card

I know that depending on the situation, cancelling credit cards can negatively affect your personal credit, and other things like that. I’m wondering if merely applying to see if you get approved for a card, and then not activating it can negatively affect your credit.
« Increased Credit Card Payments - Helping You Keep Up
If you apply for a credit card but never or very rarely use it, will you still be charged? »

Thursday, December 4th, 2008 at 9:52 pm. Posted in Get Credit Card. Tags: , , , . You can follow this web articles through the RSS 2.0 feed.

Related Post: Closing a credit card account that is inactive? How much will it affect my credit report?, Is it better for your credit to have several credit cards with moderate limit, or one card with a high limit?, How does a canceled credit card affect your credit score?, If I get my first and second credit card, will it affect my credit score?, Will being late with a credit card payment affect my credit score?, Finding the Best Credit Card for Your Credit Rating, Canceling a Bank Credit Card, How will requesting a new credit card but not activating it affect my credit?, Whee can I apply for a joint credit card application?, Will cancelling my bad credit card affect my credit score?,

4 Responses to “Does merely applying for a credit card affect your credit?”

  1. yes it does- but not by much unless you are going for a lot of cards all at once.

    I would no howeever apply for a card you dod not want.

    You will have the credit card account whether you activate the plastic or not

  2. StephenWeinstein on December 7th, 2008 at 11:55 pm

    Yes.

    1. When you apply for a credit card, the credit card company checks your credit report. That lowers your credit score immediately, whether or not you are approved, and whether or not you activate the card.

    2. The activation process is to verify that the physical card was delivered to the correct person. The account is opened before the card is sent. The account goes on your credit report whether or not you activate the card. Also, any annual fee may apply even if you do not activate the card. If you do not want the account, you must cancel/close it, not just toss the card.

  3. Yes, it possibly can. When you apply for credit, it can slightly lower your score with each credit inquiry. So limit the number of applications you are filling out.

    Whether you activate the card or not, since you are approved it will be on your credit report.

  4. To many “inquries” on your credit file can affect youur credit score, for more information on maintaining your credit read

Leave a Reply