1. Get credit information: Because every time you apply for a credit card, the bank will check the applicant's credit information. Therefore, frequent application for credit cards will lead to too many records in the applicant's credit report, which will make the applicant's credit worse.
2. Impact on card processing and loans: As mentioned above, frequent application for credit cards will lead to the waste of credit information. If the credit information is too expensive, and these inquiry records are "hard inquiries", it will easily affect the subsequent card processing and loan processing. Banks may therefore suspect that the applicant is economically unstable and has insufficient repayment ability, thus refusing to approve cards and loans.
3. Inconvenient management: If all the cards are successfully applied, it will be very inconvenient to manage because there are too many cards in hand. Moreover, the debt ratio will increase, and the repayment pressure will increase, which will easily be overdue and affect personal credit.
It can be seen that frequent handling of credit cards has many disadvantages. Therefore, it is recommended that you do not apply for credit cards frequently. Generally, holding three or four credit cards is enough. If the application fails, don't apply frequently in a short time. It would be better to apply it once every two or three months.