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If I get turned down for a credit card, does it affect my credit score?
I’d like to get a Chase Sapphire card. My credit score is 710. I have a $50k income. I also have $55k in federal student loans ($250/month payment plan) and a $175k mortgage.
- Anonymous1 month agoFavorite Answer
About 10 points lower for 3 months whenever a HARD-PULL is done.
Applying for credit is a HARD-PULL.
rejection is not the problem, only HARD-PULLS
For 700+ credit scores, you don't want more than 4 HARD-PULLS within any 24 months period.
- Anonymous1 month ago
Applying for credit dings your score approval or denial does not
- StephenWeinsteinLv 71 month ago
Applying for a credit card ALWAYS affects your credit score. The effect is the same (a small reduction for a year) whether or not you are turned down; being turned down has no additional effect beyond the affect that applying has whether or not you are turned down.
- A HunchLv 71 month ago
Just the hard inquiry is counted.
There is nothing special about the Chase Sapphire Card.
You want to be paying your educational expenses for 18 years? RIDICULOUS!!!