In recent years, credit cards have become a common consumption method for many people. Many friends often apply for credit cards in order to have a higher limit. What happens if you apply for a credit card seven times a month? Let's take a look.

1. Know how to check the credit report

If you apply for credit cards from the same bank, the impact will not be great. Some banks may only check the credit report once; If you use a credit card from a different bank, 7 hard inquiry records will be left on your credit report, which also means that your credit report has been spent.

2. It’s not good for card approval

If you want to apply for a credit card, you can’t cast a wide net. It doesn’t mean that you can get by if you apply too many. On the contrary, frequent card applications in a short period of time will make credit card approval more difficult.

If you have multiple hard query records in a short period of time, the bank will think that the applicant is short of funds and is suspected of borrowing money. This also means that the applicant has a high risk of overdue, unless the applicant can provide Additional financial proof information, otherwise the bank will not take the risk and approve the card.

How to reduce the impact?

The credit inquiry record will not be eliminated, but it will reduce its impact as time goes by. It is recommended to spend 3 to 6 months to improve your credit record, during which you cannot apply for a credit card again. In addition, you must repay the loan on time and not overdue, so that the speed of restoring your credit report will be accelerated.