With the increasing number of credit cards, many people have applied for credit cards and even applied for several credit cards. For cardholders, the higher the credit card limit, the better. However, many people's applications for withdrawal were rejected. Does it matter if the credit card withdrawal is rejected?

Does it matter if the credit card withdrawal is rejected?

It doesn't matter if the credit card is rejected. Although credit card withdrawal will inquire about the cardholder's personal credit information, the rejection of credit card withdrawal will not affect the credit information, because credit card withdrawal will only have credit information inquiry records, unlike the hard credit information inquiry records left after other credit card applications and loans are rejected. Too many inquiries will lead to changes in credit information, but the rejection of credit card withdrawal will not affect it.

It should be noted that if there are records of frequent applications for loans and credit cards in personal credit information, it is likely to affect the withdrawal of credit cards. Therefore, it is not recommended to apply for loans or credit cards frequently during the application for cash withdrawal by credit cards.