Under normal circumstances, applying for a credit card will not affect the user’s personal credit report. However, there are three situations in which applying for a credit card will affect the credit report:

1. Apply for a credit card but don't use it. Because credit card processing records will be synchronized to the user's personal credit report, if you apply for a credit card but do not open it or use it for a long time, most banks will consider this behavior to be a malicious card application, and will be included in the credit report. It shows that the card is not activated, and it will be difficult to apply for a new card later.

2. Credit card repayments are overdue. If a user makes late repayments for a long time after applying for a credit card or fails to repay, it will have a great impact on the personal credit report.

3. Too many credit cards. The total credit limit of a cardholder is basically stable. Each time you apply for a credit card, it is equivalent to using part of the total credit limit. If you apply for too many cards, it will be more difficult to apply for a new card. Even if you can apply for it, the limit will be reduced. relatively low.

Extended reading

Through credit reporting, banks can check an individual’s financial borrowing status with the bank, as well as the individual’s basic information.

Although credit cards will affect your credit record, they are not the same. As we all know, overdue credit card payments will create a bad record.

In fact, in the eyes of many banks, credit card cash withdrawals are treated equally with credit card consumption and transfers. Cash withdrawal by credit card is one of the basic functions of a credit card. If the cardholder uses the credit card to withdraw cash, the bank can also charge certain handling fees and interest. Therefore, cash withdrawal by credit card will not affect personal credit score, of course, the premise is that the cardholder must repay the loan on time.

In addition, if the cardholder cannot repay the balance in full, as long as he can ensure that the minimum payment amount is paid before the next bill is generated and the payment is credited, the credit record will not be affected. If you fail to repay the minimum payment amount before the next bill date, or if the repayment fails to arrive on time, your credit record will be affected.

It should be noted that although cash withdrawal by credit card will not reduce your credit, it will incur a cash withdrawal fee (handling fee and interest), so it is not recommended to use credit card cash unless absolutely necessary. As for credit card arbitrage, banks strictly avoid it. At least they will reduce the credit limit, and at worst they will freeze and block the card and upload it to the central bank's credit reporting system.