Failure to apply for a credit card will not affect your credit report.

Personal credit report consists of three parts: personal credit record, corporate record and inquiry record.

When you apply for a credit card, the bank will retrieve your personal credit report, and this record will appear in the "Inquiry History" of your report. The reason for the inquiry will indicate "credit card approval", but it will not directly indicate whether it is "passed" or "rejected."

However, in your "credit record", all your credit card account information will be recorded, as well as the time when the credit card was issued. So if another financial institution inquires about your report, you only need to check your "inquiry record" and the corresponding credit card account information to know whether your credit card application was approved or rejected.

In other words, if your credit card application is rejected, it will not directly affect your personal credit, but it can reflect your credit information from the side, especially the credit information records of the previous three months. .

Extended information:

1. What is a credit card?

It is a special carrier card issued by commercial banks to individuals and institutions, with consumer credit for shopping, consumption, and cash deposits and withdrawals in specific institutions. It takes the form of a card with the name of the issuing bank, expiry date, number and cardholder name printed on the front, and a magnetic stripe and signature on the back.

A real credit card has the following characteristics: cash deposits are not encouraged, payment is made after consumption, interest-free payment period is available, you can repay in installments (minimum repayment amount) independently, and you join international credit card organizations such as VISA and MASTER worldwide. Universal.

2. The consumption characteristics of credit cards

In fact, everyone is already familiar with the consumption characteristics of credit cards. Take telecommunications products as an example. Generally debit/debit cards are like "Travel to China". You need to save cash up front and spend as much as you can. If you don't have money, you can't make phone calls. If there is no money on the debit card, you cannot withdraw cash or swipe the card.

Credit cards are like ordinary landlines at home.

Cash deposits are not encouraged (you cannot pay one month’s phone bills to the telecommunications bureau in advance).

Credit consumption (now Generally, no deposit is required to install a phone),

Consume first and pay later (call in July, pay after receipt in August),

Enjoy the interest-free period (need to pay after receiving the bill) paid over a period of time).

The only thing that cannot be compared with landline phones is that there is no minimum payment. Anyway, in fact, we have already used the credit card consumption model, but domestic credit cards appeared too late.

In the final analysis, when you buy something with a credit card, the bank will pay for it "instantly". You just need to give the money to the bank after receiving the bill at the end of the month.