How does being rejected for a credit card / credit affect applying for another card through a different bank?

How does being rejected for a credit card / credit affect applying for another card through a different bank? So many people say being rejected a credit card affects your credit rating. To what extent is this true?|||It's very true. Everytime you apply for a loan or credit it creates what's called a "hard pull" on your credit file. It doesn't necessarily impact your actual FICO score, but it can be viewed by a lender.





For instance, if I see recent inquiries, but no open account to match the inquiry, then I can deduce that you were declined. If another lender declines you, then I would have to think twice to approve you.|||Anytime you apply for a credit card or a bank account your credit is checked. Each time your credit is checked it causes your credit rating to go down a little bit. Just because you are rejected for a credit card at one place like a store card, does not necessarily mean that you will be rejected at another place. Some store's/banks require a certain credit rating to be eligible. Some are just higher or lower then the others. If you do have a very low credit score then you will most likely be rejected anywhere.|||Being rejected for a credit card affects your credit score for short time.





If you want to build your credit, probably the best method is to apply for a secure credit card. This card works like a regular credit card, only you're using your own money. Let's say you put in the account 500$; you will have a credit with 500$ limit. Nobody can see that you have a secure credit card 'cause it's working like a unsecured one. That card should help you increase your credit score.|||When you apply for credit, a catalogue or a phone a credit check is done on your file to see if you are a good risk. You can usually have about 3 credit checks in 6 months before your score is affected, but you shouldn't have too many credit checks close together or it may make you seem desperate for credit and therefore a higher risk.|||Each time you make a credit application, it goes down on your credit record. Making several applications in a short space of time can affect your credit rating as lenders see you have made many applications.


All lenders have different criteria, so choose carefully when making another application.|||Every time you apply for credit your credit rating goes down so each time you apply for a credit card within a short space of time you are less and less likely to get one.





I got caught out on this one and had to wait ayear before apply for credit again so I could build my credit rating back up!|||everytime you apply for credit whether it being a credit card, catalogues, car finance etc your credit rating goes down. If you have been rejected for a credit card this means you have poor credit rating so applying for another will be rejected again.