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Blkbeautynlvnv

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Is it true every time I apply for a credit card my credit score drops

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Yes. Be careful.

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Be careful when applying for credit. Do not go on a rampage applying for any kind of credit. Applying for new credit will cause what's called a "hard credit inquiry" on your credit reports. Your score will drop by about 2-5 points. If you get accepted for a credit card, you will get a credit limit based on your credit score, payment history, and credit history. You should not apply for credit too often either. This will drop your score every time you apply and creditors will assume that you are desperate for credit. They truly will see you as a "risk." Be careful when considering your options and always read reviews on the cards before applying. Ask questions! 

Reply by
chrisg750

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Forgot to mention that your score will increase after a month or two if you do get accepted. Debt-to-Credit limit available is probably the most important factor besides actually payment history. Best advice I can give is DO NOT max your credit cards out. 

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