If I get turned down for a credit card, does it affect my credit score?

Question

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. 

Answer 1

Favorite 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.

Answer 2

Applying for credit dings your score  approval or denial does not

Answer 3

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.

Answer 4

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!!!