Many people apply for a credit card in order to enjoy the convenience of overdraft consumption and earn money at the same time. However, some cardholders cannot resist the temptation of card application personnel and frequently apply for credit cards, thinking that there will be no adverse effects. In fact, this is not the case. So what are the disadvantages of applying for credit cards frequently?

1. Successful credit card application

Frequently apply for credit cards. After you apply for the card, the billing dates and repayment dates of different credit cards are different, which is difficult to manage and it is easy for certain credit cards to appear. If you forget to repay, the cardholder will be required to bear overdue interest and liquidated damages, and it will also leave a stain on your credit report.

In addition, too many credit cards make it easy to over-consume, causing repayment difficulties and increasing the financial burden on cardholders.

2. Credit card application fails

If you apply for a credit card frequently, you are likely to be rejected. Rejection of the credit card will cause adverse credit consequences to the applicant and will make the bank feel that your credit status is not enough. Good or suspected of maliciously applying for a card.

In addition, frequent application for credit cards will lead to too many inquiries in the credit system. Although there is no bad credit record, in the eyes of the bank, the creditworthiness will be greatly reduced.

For example, ICBC's own CIIS system will deduct points due to too many credit card reviews and inquiries in the past three months, resulting in a score below 700, automatically entering the gray list, and not issuing cards.