Does credit card approval count as the number of inquiries? Of course it counts. Strictly speaking, credit card approval is a hard inquiry record, and the number of inquiries is directly linked to the credit report. For financial institutions, the number of hard inquiry records such as credit card approval, loan approval, and guarantee qualification review is directly proportional to the applicant's funding needs. Under normal circumstances, it is best to record hard inquiries no more than 5 times in a month, and no more than 10 times in 3 months. Exceeding the number indicates that the applicant is very short of money, so he will apply for credit cards and loans everywhere to borrow money. This kind of person The risk of borrowing money is very high.
What impact will it have? It directly affects the approval rate of credit business. Banks are not charitable institutions. People without money cannot gain the trust of banks and will certainly not be easily approved. If you are really rejected, it is best to rest for a while to collect your credit before applying. It will take at least 3 to 6 months. It takes 2 years for hard inquiry records to be eliminated automatically. We can reduce the impact of too many hard inquiries by using our credit cards well. When applying for a credit card later, we should try to provide financial evidence that is beneficial to us, such as real estate. , automobile products, etc., to improve the passing rate. The above is the relevant introduction to "Does credit card approval count as the number of inquiries?" I hope it will be helpful to everyone.