Whether you are applying for a card or applying for a loan, banks or some financial institutions will go to the central bank's credit reporting system to check the applicant's credit status. If the credit score is poor or the credit score is too high, the credit card/loan may be rejected. However, excessive credit reporting is mostly caused by too many inquiries, so will it really affect applying for a credit card? Let’s discuss this issue with you today. Too many credit inquiries do have an impact on credit card applications, but whether the impact is significant depends on the circumstances. One is who makes the inquiry, and the other is the reason for the inquiry.

1. Who made the inquiry? There are banks or financial institutions that have the right to inquire the central bank’s credit information system, as well as individual inquiries. Different inquiry objects have different effects on credit card applications. 1. Inquiry by banks or financial institutions: When applying for a credit card, if your credit report in the past two years is frequently inquired by banks and financial institutions, it will give the bank’s risk control personnel an impression of a high risk, and they will know at a glance that you are more risky. I'm short of money, so it's difficult to get a card approved, and even if I get the card approved, the limit won't be very high. 2. Personal inquiry: In addition to banks or financial institutions, we also have the right to check our own credit information on the central bank’s credit information system website. This can help us understand our credit information well in advance. Naturally, we will not be able to check our own credit information by ourselves. Influential, each person only has three free inquiry opportunities a year.

2. Reasons for inquiries The inquiry records of personal credit reports include all inquired records within 2 years. Generally, too many inquiry reasons such as credit card approval, loan approval, and post-loan management will affect card application. 1. Credit card approval: If you have applied for credit cards from multiple banks in the past 2 years, there will be an inquiry record for each application. The bank will refer to the approval status of the previous bank to decide whether to approve the card for you and the amount of the card approved. If you hold too many cards, the total credit limit will be too much, and it will be easily rejected. 2. Loan approval: The more times you get loan approval, it will reflect your debt situation. If you have too many loans and high debt, especially if you apply for multiple online loans, the bank will have doubts about your repayment ability and will not easily batch card. 3. Post-loan management: Although post-loan management is neutral information, its impact is not as great as overdue records and loan application records. However, some banks conduct post-loan management more frequently and will check your credit status if nothing happens. Frequent credit checks will make the bank question your repayment ability. The above is the relevant introduction of "Will too many credit inquiries affect the application of a credit card?" In short, if your personal credit has been frequently inquired by banks or financial institutions in the past two years, and the reasons for the inquiries are mostly credit card approval and loan approval, Then it is recommended that you first improve your credit score and do not apply for cards or loans in the short term. The possibility of being rejected is relatively high.