- Posts: 2
- Joined: Mon May 10, 2010 12:19 am
- Location: Boston, MA
I got approved for my first card after my fifth inquiry, so no. They don't hurt as much if either of the following conditions apply:
1. You are new. When your credit gets pulled on a small report, it does not affect scoring as much.
2. You make multiple inquiries in a very short period, such as 14 days. In 45 days, it may look troubling, as you're desperate to get credit, but in a span of 1-2 weeks, it appears as if you were just shopping around.
What hurts is if you open a card, then a month later start a bunch more inquiries, makes you look desperate for credit.
In short, don't worry about it, but keep your card for now, and wait a good 6-8 months before applying for more credit.