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CreditKarma92

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Would applying for two credit cards do a lot of damage to my score?
2 years ago I got a credit card. My co-signer for one of my school loans fell through so I ended up having to put tuition on my credit card. I was making above minimum payments for over a year and then my hours at work got cut to almost nothing so I couldn't make the payments. After 4 months of no payment, they closed the card. I have been back on track with the payments but I don't have any open lines of credit any more. I have 1 hard inquiry on my credit that is scheduled to fall off April 2016. Credit Karma is recommending two cards, one I have a good chance of approval, the other I have a very good chance. The one that is very good has an annual fee so I would like to try the "good" chance first and if declined try to "very good". Would this be too many inquiries in too short of time?

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Inquiries only count for 10% of your score and having a credit card would help your score much more in the long run, so I think you definitely need to get a card.  Apply for the one you want first and if you get denied, then try another one or perhaps a secured credit card.  Best of luck!

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