Looking for a new credit card? It might be tempting to apply for the best credit card, even if you don’t have the best credit. While shooting for the card with the best rewards makes sense, it might not be the smartest idea. If you get turned down more than once, it can start hurting your credit score.

Applying for Credit Cards Can Hurt Your Credit Score

Applying for one credit card won’t affect your score. Apply for two credit cards might not even hurt your score; however, as the number increases, so do the chances that you are dragging down your credit score. When we apply for more than one loan at a time, it can look to lenders as if you are trying to take on too much credit. That’s why the amount of accounts you apply for within a certain period of time – whether it be loans, mortgages or credit cards – will have an affect on your credit score.

That is why it’s smart to apply for a card that corresponds with your credit score. Here is a good list of the best credit cards for each credit score range. If you don’t know your credit score, get a free (no credit cards required) credit score here.


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