It’s true that inquiries can have an effect on your credit scores, but in most cases the effect of applying for credit cards is minimal, and any effect they do have is temporary.
An inquiry is simply a record that your credit report has been accessed. Your credit report will show an inquiry when you apply for credit after the lender reviews your report. Experian will not know whether you are approved or declined, so being denied credit will not affect your credit scores.
There are two types of credit inquiries you may see on your credit report: inquiries that only appear to you, and inquiries seen by lenders and others checking your credit report.
Inquiries viewed only by you are known as “soft inquiries”. These are usually the result of pre-approved offers by companies who wish to do business with you, or account reviews done by companies you already have an account with. They also include getting your own credit report, and reviews for employment or insurance purposes.
These inquiries are not included in credit score calculations, and are only shown to you as a record of activity, so they do not affect your credit scores.
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