1, it will cost credit.
If you apply for a credit card from the same bank, the impact will not be great, and some banks may only check the credit information once; If you apply for a credit card from a bank in a different place, there will be 7 hard inquiry records on your credit information, indicating that your credit information has been consumed.
2. It is not good for card approval.
If you want to get a credit card, you can't cast a wide net. Does not mean that you can apply for more. On the contrary, frequent card processing in a short period of time will increase the difficulty of credit card approval.
If you have many hard inquiries in a short period of time, the bank will think that the applicant is short of funds and is suspected of borrowing, which also means that the applicant is at great risk of overdue. Unless the applicant can provide additional financial proof, the bank will not risk approving the card.
How to reduce the impact?
The record of credit inquiry will not be eliminated, but its influence will be reduced over time. It is recommended to use 3~6 months to conduct credit investigation, and credit cards cannot be processed during this period. In addition, the repayment should be on time and not overdue, which will speed up the recovery of credit information.