Credit Cards
Frequently Asked Questions about Credit Cards.
Does applying for credit cards hurt my credit?
Every time you apply for a credit, a credit inquiry will appear on your credit report. Multiple credit inquiries are considered a sign of increased risk, and can lower your score slightly. The more information your credit report contains, the less impact credit inquiries will have on your credit score. If you have a short credit history, inquiries could lower your score by a few points. It is best to as much research as possible to determine which credit card offers are best for your financial situation before actually applying. However, FICO does take comparison shopping into account when calculating your credit score, and for that reason, if you have multiple credit inquiries within a 30 day period, they will only be counted as a single inquiry.
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Recently answered questions about Credit Cards:
Are the monthly fees per person or per family?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: Are the monthly fees you cite per person or per family? The reason I ask is that I was recently told by [...]
How do we receive a list of retailers in the Citi Bonus Cash Centers?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: How do we receive a list of retailers in the Citi Bonus Cash Centers?
A: There are currently 574 retailers that provide [...]
